Pan American Silver is committed to operating responsibly and creating value in each community where we operate. We maintain offices with knowledgeable staff in each of these communities to allow residents to ask questions and find out more about our operations. A strong local presence also ensures that we are better able to understand and adequately address community issues and priorities.
Pan American values the individuality of each community where we operate. Our approach to community relations is based on the same universal principles of respect for the local cultures and the long-term sustainability of our host communities. We support programs that are born out of the feedback provided by each of our local offices and are mainly focused in the areas of Health, Nutrition, Education, Infrastructure and Alternative Economic Development.
In Vancouver, BC, home of our Corporate Office, Pan American Silver supports several local charitable and community development initiatives. Pan American's support takes the form of direct involvement by our employees, individual employee contributions and matching contributions by Pan American, and one-time financial contributions by the Company.
Each initiative or charitable association is carefully considered on an individual basis by an evaluation committee entrusted with the task of assigning resources and funds based on the merits of each program or event and their relevance to Pan American's mission and values.
Pan American Silver Corp. is committed to operating all of its mines and developing new projects in harmony with the communities where they are located. We will continually improve our standards of social responsibility and make a positive difference in the communities in which we live and work by fostering sustainable development.
We will earn the trust of all with whom we interact whether they are our employees, the communities where we operate, the governments that host us or any other persons with whom we are involved in the sustainable development of mineral resources. Through our local offices we will focus our efforts on education, health, nutrition, infrastructure development and alternative economic activities.
We will adhere to the definition of Corporate Social Responsibility (CSR) as proposed by the World Bank: CSR is the commitment of business to contribute to sustainable and society at large to improve the quality of life, in ways that are both good for business and good for development. It is our commitment to:
Each of our operations is responsible and held accountable for the development and implementation of procedures and programs that comply with this policy.
President and CEO
Pan American Silver Corp.
February 21, 2012