Pan American Silver Corp

Common Name
Pan American Silver
Country
Canada
Sector
Basic Materials
Industry
Gold
Employees
9,000
Ticker
PAAS
Exchange
TORONTO STOCK EXCHANGE
Description
Pan American Silver Corp. is a leading silver mining company engaged in the exploration, development, and production of silver and other precious metals. Founded in 1994, the company is headquartered ...

Pan American Silver's GHG Emissions Data Preview

In 2023, 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).

However, Pan American Silver has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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0000000
Location-Based
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Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Pan American Silver’s Greenhouse Gas (GHG) Emissions Data

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a. Pan American Silver's Sustainability Report 2023
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Insights into Pan American Silver's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Pan American Silver amounted to 505,891 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 2022, the total operational greenhouse gas (GHG) emissions of Pan American Silver increased by 28.27%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Pan American Silver's Scope 1 Emissions Over Time

202120222023080 k160 k240 k320 ktCO2e-7%+13%
  • Total Scope 1
  • Year-over-Year Change

What are Pan American Silver's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Pan American Silver were 309,406 metric tons of CO₂ equivalent (tCO₂e). a

Has Pan American Silver reduced its Scope 1 emissions over time?

Since 2021, Pan American Silver's Scope 1 emissions have increased by 4.95%, reflecting a rising long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), Pan American Silver's Scope 1 emissions increased by 12.8%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Pan American Silver's Scope 2 emissions?

In 2023, Pan American Silver reported Scope 2 greenhouse gas (GHG) emissions of 121,240 tCO₂e using the market-based method and 196,485 tCO₂e using the location-based method. a

Has Pan American Silver reduced its Scope 2 emissions over time?

Compared to the previous year (2022), Pan American Silver's Scope 2 emissions (Location-Based) rose by 63.61% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a

What methodology does Pan American Silver use for Scope 2 reporting?

In 2023, Pan American Silver reported its Scope 2 emissions using the market-based method and using the location-based method. a

Pan American Silver's Scope 2 Emissions Over Time

202120222023050 k100 k150 k200 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Pan American Silver's Value Chain Emissions

In 2023, Pan American Silver reported 1,256,224 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 2023 disclosure of Pan American Silver includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Pan American Silver's Scope 3 Emissions Over Time

2021202220230350 k700 k1.05 M1.4 MtCO2e+7%+63%
  • Total Scope 3
  • Year-over-Year Change

What are Pan American Silver's Scope 3 emissions?

In 2023, Pan American Silver reported total Scope 3 emissions of 1,256,224 metric tons of CO₂ equivalent (tCO₂e). a

Has Pan American Silver reduced its Scope 3 emissions over time?

Since 2021, Pan American Silver's Scope 3 emissions have increased by 75.39%, reflecting a rising long-term trend in Scope 3 emissions over time. a

Compared to the previous year (2022), Pan American Silver's Scope 3 emissions increased by 63.38%, suggesting that the company faced challenges in reducing emissions across its value chain. a

Insights into Pan American Silver's Total Carbon Footprint

In 2023, Pan American Silver reported a total carbon footprint of 1,762,115 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 51.48% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Pan American Silver's total carbon footprint was Scope 3 emissions, accounting for 71.29% of the company's total carbon footprint, followed by Scope 1 emissions at 17.56%. a

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