About
Pan American Silver provides enhanced exposure to silver through large silver reserves and catalysts to grow silver production.
We set ESG goals to focus our efforts in key areas and continually improve our performance. In 2021, we published annual goals in both our 2020 Sustainability Report and our 2020 Communication on Progress. The table below consolidates these goals and details our performance.
2021 Goals | 2021 Performance |
---|---|
Achieve zero significant environmental incidents (SEIs) at our operations. | ✓ |
Improve bi-annual environmental audit performance. | ✗ |
Reduce water use by 6% compared to the 2021 base case. | ✓ |
Continue post-closure activities at Alamo Dorado and conduct interim reclamation projects at our active operations. | ✓ |
Achieve 80 hectares net positive impact on vegetation and biodiversity across all our sites. | ✓ |
Reduce 11% of non-rock related waste compared to the 2021 base case. | ✗ |
Reduce 0.3% of energy consumption compared to the 2021 base case. | ✓ |
Reduce GHG emissions by 11% compared to the 2021 base case. | ✓ |
Achieve Level A Towards Sustainable Mining (TSM)* performance for all protocols at all operations. | ✗ |
100% action plans implementation for all the TSM environmental protocols. | ✓ |
2021 Goals | 2021 Performance |
---|---|
Train 400 key employees on corruption risks. | ✓ |
Certify 100% of Board members, officers, executives, and senior management under the Anti-Corruption Policy and the Code of Ethical Conduct. | ✓ |
* TSM is an initiative of the Mining Association of Canada (MAC) designed to drive operations-level sustainability performance and manage risks.
2022 Goals | Prioritized UN SDGs | UNGC Principles |
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Achieve zero significant environmental incidents (SEIs) at our operations. |
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Reduce water use by 1% compared to the 2022 base case. |
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Reduce energy use by 3% compared to the 2022 base case. |
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Reduce GHG emissions by 3% compared to the 2022 base case. |
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Continue post-closure activities at Alamo Dorado and conduct interim reclamation projects at our active operations. |
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Achieve 100 hectares of reforestation or revegetation across all our sites. |
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Reduce non-rock related waste generation by 4% and increase recycled/reused waste by 11% compared to the 2022 base case. |
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Improve bi-annual environmental audit performance. |
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2022 Goals | Prioritized UN SDGs | UNGC Principles |
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Train 400 key employees on Anti-Corruption policy. |
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Assess 150 critical suppliers using our supplier due diligence system. |
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Commence external verification of TSM performance at our operations. |
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** Grievances should be acknowledged within 15 days of receipt and should be resolved within 90 days of receipt.