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Mining company Pan American Silverreports progress on emissions reduction, renewable energy adoption, biodiversity rehabilitation and responsible supply chain management.
Pan American Silver has released its 2025 Sustainability Report, outlining progress across environmental, social and governance priorities as the company continues to expand responsible mining practices across its operations in the Americas.
The report highlights advances in emissions reduction, renewable energy procurement, biodiversity rehabilitation, workforce inclusion and supplier due diligence, while also setting out the company’s sustainability goals for 2026.
Pan American reported that it surpassed its annual greenhouse gas emissions reduction target, keeping the company on track to reduce global Scope 1 and 2 greenhouse gas emissions by at least 30% by 2030 from its updated 2019 baseline projections.
Renewable Energy and Emissions Reduction Initiatives Expand Across Operations
A key component of the company’s climate strategy in 2025 was the expansion of International Renewable Energy Certificates (iRECs) coverage to six mine sites, with El Peñon, Jacobina and Shahuindo added during the year.
Pan American also reported strong environmental performance across its operations, including the rehabilitation of 62 hectares of land on- and off-site, exceeding its annual biodiversity target.
“Pan American maintained a strong environmental performance in 2025, recording no significant environmental incidents,” said Gillian Winckler, Board Chair. “We remain on track to exceed our 2030 emissions reduction target, following the achievement of our 2025 interim goals. Progress was driven by increased procurement of clean electricity, ongoing electrification of mining processes, and numerous site-level innovations aimed at reducing energy use and greenhouse gas emissions.”
The report noted that climate adaptation, energy transformation and operational efficiency initiatives are expected to continue contributing to emissions reductions in 2026 and beyond.
Gillian Winckler, Board Chair
Community Investment and Workforce Inclusion Remain Strategic Priorities
Pan American invested US$20.4 million in community programs during 2025, including the launch of three new local economic development initiatives alongside continued investment in health and education programs.
The company also reported a 95% retention rate among women employees while continuing initiatives designed to support workforce inclusion and diversity.
“With a workforce of over 17,000 employees and contractors operating across eight countries and in diverse social and environmental contexts, we recognize that responsible stewardship of people, communities, and environments is fundamental to our ability to operate and grow,” Winckler said. “Sustainability is not separate from our business strategy; it is embedded in how we manage risk, build trust, and create long-term value across our portfolio.”
Responsible Mining Standards and Supply Chain Oversight Advance
Pan American continued strengthening responsible mining and supply chain oversight during 2025 through supplier due diligence and external ESG verification programs.
The company assessed 529 critical suppliers through its enhanced due diligence process, which evaluates factors including operational continuity risk, environmental risk and legal exposure.
Pan American also completed external verification of Towards Sustainable Mining (TSM) performance at its El Peñon, Jacobina and Timmins operations.
The company also concluded a three-year implementation process of the World Gold Council’s Responsible Gold Mining Principles at its gold mining operations.
The 2025 Sustainability Report was prepared in accordance with Global Reporting Initiative (GRI) Standards and the Sustainability Accounting Standards Board (SASB) Metals & Mining Sustainability Accounting Standard, and includes information aligned with the Taskforce on Climate-related Financial Disclosures (TCFD) framework.
Safety and Sustainability Performance Continue to Shape Operational Strategy
Pan American stated that safety and responsible mining remain central to its operational strategy following the loss of two colleagues during 2025.
“At Pan American, safety underpins our commitment to responsible mining,” said Michael Steinmann, President & CEO. “Our performance in 2025 was deeply overshadowed by the loss of two colleagues—one each at our Jacobina and Shahuindo operations. These losses reinforce the importance of our ongoing efforts.”
Michael Steinmann, President & CEO
Steinmann added that the company plans to strengthen safety practices in 2026 through increased focus on critical risk management, continued integration of Human and Organizational Performance principles, and targeted technology and operational improvements.
The company reported achieving 19 out of 24 public sustainability goals in 2025, representing a 79% success rate.
Pan American’s sustainability performance was also recognized by S&P Global during the year through inclusion in the Dow Jones Best in Class North America Index and the S&P Global Sustainability Yearbook 2026, where the company ranked in the top 5% of the Metals & Mining industry based on sustainability performance.
This article was produced by the editorial team at Mining Outlook and published as part of the Outlook Publishing global network of B2B industry magazines.
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