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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 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)2024202320222021 - 2017
Total Scope 1
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a
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a
0000000
Total Scope 2
Market-Based
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a
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a
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a
0000000
Location-Based
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a
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b
0000000
Total Scope 3
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a
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a
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a
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
0000000
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Verified Sources Behind Pan American Silver’s Greenhouse Gas (GHG) Emissions Data

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. Explore Pan American Silver’s data sources below and access millions more through our Disclosure Search.

a. Pan American Silver's Sustainability Report 2024
a. Pan American Silver's Sustainability Report 2024
b. Pan American Silver's Sustainability Report 2023
b. Pan American Silver's Sustainability Report 2023

Insights into Pan American Silver's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofPan American Silver amounted to467,768metric 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 Silverdecreased by 7.5%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

Pan American Silver's Scope 1 Emissions Over Time

2021202220232024080 k160 k240 k320 ktCO2e-7%+13%-5%
  • Total Scope 1
  • Year-over-Year Change

What are Pan American Silver's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Pan American Silver were 294,022 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

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

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

What are Pan American Silver's Scope 2 emissions?

In 2024, Pan American Silver reported Scope 2 greenhouse gas (GHG) emissions of 111,270 tCOâ‚‚e using the market-based method and 173,746 tCOâ‚‚e using the location-based method.a

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

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

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

In 2024, 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

2021202220232024050 k100 k150 k200 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Pan American Silver's Value Chain Emissions

In 2024, Pan American Silver reported 1,179,378 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) 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 0of 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

Pan American Silver's Scope 3 Emissions Over Time

20212022202320240350 k700 k1.05 M1.4 MtCO2e+7%+63%-6%
  • Total Scope 3
  • Year-over-Year Change

What are Pan American Silver's Scope 3 emissions?

In 2024, Pan American Silver reported total Scope 3 emissions of 1,179,378 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

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

Since 2021, Pan American Silver's Scope 3 emissionshave 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

Insights into Pan American Silver’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Pan American Silver reported Scope 1 greenhouse gas (GHG) emissions of 294,022 tCOâ‚‚e and total revenues of USD 3,887 millions. This translates into an emissions intensity of 75.64 tCOâ‚‚e per millions USD.a

Pan American Silver's Scope 1 Emissions Intensity Compared to Peers

5,00050,000200,0002,000,00020,000,000Scope 1 Emissions (tCO2e)201001,0005,00050,000Revenues (Millions of USD)FIGAlamos GoldYear: 2024Scope 1: 158,159 tCO2eRevenue: $M 1,347Scope 1 Intensity: 117.42 tCO2e/$MB2GoldYear: 2024Scope 1: 662,000 tCO2eRevenue: $M 2,623Scope 1 Intensity: 252.41 tCO2e/$MAgnico Eagle MinesYear: 2024Scope 1: 1,119,142 tCO2eRevenue: $M 11,425Scope 1 Intensity: 97.95 tCO2e/$MNew GoldYear: 2023Scope 1: 142,937 tCO2eRevenue: $M 786Scope 1 Intensity: 181.74 tCO2e/$MFirst Quantum MineralsYear: 2024Scope 1: 1,700,000 tCO2eRevenue: $M 4,802Scope 1 Intensity: 354.02 tCO2e/$MEldorado GoldYear: 2024Scope 1: 110,424 tCO2eRevenue: $M 1,825Scope 1 Intensity: 60.50 tCO2e/$MEquinox GoldYear: 2024Scope 1: 301,539 tCO2eRevenue: $M 1,514Scope 1 Intensity: 199.15 tCO2e/$MFFFortuna MiningYear: 2024Scope 1: 119,698 tCO2eRevenue: $M 1,491Scope 1 Intensity: 80.31 tCO2e/$MIAMGOLDYear: 2024Scope 1: 483,348 tCO2eRevenue: $M 2,252Scope 1 Intensity: 214.65 tCO2e/$MKinross Gold Corp (Ontario)Year: 2024Scope 1: 1,078,439 tCO2eRevenue: $M 5,149Scope 1 Intensity: 209.45 tCO2e/$MBarrick MiningYear: 2024Scope 1: 6,127,000 tCO2eRevenue: $M 17,857Scope 1 Intensity: 343.12 tCO2e/$MCapstone CopperYear: 2024Scope 1: 423,376 tCO2eRevenue: $M 1,599Scope 1 Intensity: 264.74 tCO2e/$MOceanaGoldYear: 2024Scope 1: 184,278 tCO2eRevenue: $M 1,796Scope 1 Intensity: 102.62 tCO2e/$MIIInterforYear: 2024Scope 1: 123,272 tCO2eRevenue: $M 2,102Scope 1 Intensity: 58.65 tCO2e/$MWest Fraser TimberYear: 2024Scope 1: 649,448 tCO2eRevenue: $M 8,532Scope 1 Intensity: 76.12 tCO2e/$MIvanhoe MinesYear: 2024Scope 1: 294,889 tCO2eRevenue: $M 41Scope 1 Intensity: 7,224.48 tCO2e/$MGGG Mining VenturesYear: 2024Scope 1: 29,950 tCO2eRevenue: $M 204Scope 1 Intensity: 146.92 tCO2e/$MLundin MiningYear: 2024Scope 1: 715,289 tCO2eRevenue: $M 4,720Scope 1 Intensity: 151.56 tCO2e/$MDPM MetalsYear: 2023Scope 1: 38,847 tCO2eRevenue: $M 520Scope 1 Intensity: 74.69 tCO2e/$MLundin GoldYear: 2024Scope 1: 35,401 tCO2eRevenue: $M 1,649Scope 1 Intensity: 21.47 tCO2e/$MPan American SilverYear: 2024Scope 1: 294,022 tCO2eRevenue: $M 3,887Scope 1 Intensity: 75.64 tCO2e/$M

How does Pan American Silver's GHG emissions intensity compare to its peers?

In 2024, Pan American Silver reported a Scope 1 emissions intensity of 75.64 tCOâ‚‚e per millions USD. Compared to the peer group median of 149.24, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does Pan American Silver rank on GHG emissions intensity within its industry?

In 2024, Pan American Silver ranked 5 out of 20 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

This places Pan American Silver among the top performers, with one of the lowest emissions intensities relative to peers.a

Insights into Pan American Silver's Total Carbon Footprint

In 2024, Pan American Silver reported a total carbon footprint of 1,647,146 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) 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

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