In 2025, Pan American Silver completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Pan American Silver has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2025 | 2024 | 2023 | 2022-2019 |
|---|---|---|---|---|
Total Scope 1 | 233,011a | 294,022a | 309,318a | |
Total Scope 2 | ||||
Market-Based | 40,514a | 78,073a | 121,241a | |
Location-Based | 151,263a | 173,746a | 196,357b | |
Total Scope 3 | 1,022,405a | 1,179,378a | 1,256,224a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 64.3855a | 76.2148a | 133.5512a |
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In 2025, the total operational greenhouse gas (GHG) emissions of Pan American Silver amounted to 384,274 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2024, the total operational greenhouse gas (GHG) emissions of Pan American Silver decreased by 17.85%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2025, the total Scope 1 emissions of Pan American Silver were 233,011 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, Pan American Silver's Scope 1 emissions have decreased by 20.96%, reflecting a declining long-term trend in Scope 1 emissions over time.ac
Compared to the previous year (2024), Pan American Silver's Scope 1 emissions decreased by 20.75%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2025, Pan American Silver reported Scope 2 greenhouse gas (GHG) emissions of 40,514 tCO₂e using the market-based method and 151,263 tCO₂e using the location-based method.a
Compared to the previous year (2024), Pan American Silver's Scope 2 emissions (Location-Based) fell by 12.94% in 2025, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2025, Pan American Silver reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2025, Pan American Silver reported 1,022,405 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2025 disclosure of Pan American Silver includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2024, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2025, Pan American Silver reported total Scope 3 emissions of 1,022,405 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 0% of these emissions originated from upstream activities such as purchased goods and capital goods, while 100% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2021, Pan American Silver's Scope 3 emissions have increased by 42.74%, reflecting a rising long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2024), Pan American Silver's Scope 3 emissions decreased by 13.31%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2025, Pan American Silver reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
In 2025, the largest contributors to Pan American Silver's Scope 3 emissions were:a
In 2025, Pan American Silver reported Scope 1 greenhouse gas (GHG) emissions of 233,011 tCO₂e and total revenues of USD 3,619 millions. This translates into an emissions intensity of 64.39 tCO₂e per millions USD.a
In 2025, Pan American Silver reported a Scope 1 emissions intensity of 64.39 tCO₂e per millions USD. Compared to the peer group median of 117.37, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2025, Pan American Silver ranked 6 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Pan American Silver is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2025, Pan American Silver reported a total carbon footprint of 1,406,679 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 14.6% decrease compared to 2024, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Pan American Silver's total carbon footprint was Scope 3 emissions, accounting for 72.68% of the company's total carbon footprint, followed by Scope 1 emissions at 16.56%.a