In 2024, 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) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 294,022a | 309,318a | 274,298a | |
Total Scope 2 | ||||
Market-Based | 111,270a | 121,241a | 77,133a | |
Location-Based | 173,746a | 196,357a | 120,097b | |
Total Scope 3 | 1,179,378a | 1,256,224a | 768,897a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 76.2148a | 133.5512a | 183.5137a |
You are welcome to quote or reference individual data points from this page, provided you include the following attribution with a visible, clickable link to this page: "Source: Tracenable, the global reference for ESG data"
Bulk collection, scraping, resale, or redistribution of data across multiple company profiles is not permitted without our prior written permission. For more information, see our General Terms and Conditions.
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform.
In 2024, the total operational greenhouse gas (GHG) emissions of Pan American Silver amounted to 467,768 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 2023, the total operational greenhouse gas (GHG) emissions of Pan American Silver decreased by 7.5%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Pan American Silver were 294,022 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, Pan American Silver's Scope 1 emissions have remained relatively, stable, indicating that Pan American Silver's emissions have plateaued with no significant change in its operational footprint.ab
Compared to the previous year (2023), Pan American Silver's Scope 1 emissions decreased by 4.95%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Pan American Silver reported Scope 2 greenhouse gas (GHG) emissions of 111,270 tCO₂e using the market-based method and 173,746 tCO₂e using the location-based method.a
Compared to the previous year (2023), Pan American Silver's Scope 2 emissions (Location-Based) fell by 11.52% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, Pan American Silver reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Pan American Silver reported 1,179,378 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 2024 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 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Pan American Silver reported total Scope 3 emissions of 1,179,378 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, Pan American Silver's Scope 3 emissions have increased by 64.66%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Pan American Silver's Scope 3 emissions remained relatively stable, indicating that Pan American Silver's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Pan American Silver reported Scope 1 greenhouse gas (GHG) emissions of 294,022 tCO₂e and total revenues of USD 3,858 millions. This translates into an emissions intensity of 76.21 tCO₂e per millions USD.a
In 2024, Pan American Silver reported a Scope 1 emissions intensity of 76.21 tCO₂e per millions USD. Compared to the peer group median of 179.38, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Pan American Silver ranked 7 out of 20 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 2024, Pan American Silver reported a total carbon footprint of 1,647,146 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 6.51% decrease compared to 2023, 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 71.6% of the company's total carbon footprint, followed by Scope 1 emissions at 17.85%.a