Pan American Silver Corp. · TSX:PAAS
Pan American Silver — ESG Presentation (September 2022)
16 slides from Pan American Silver's sustainability presentation, Sep 28, 2022
Slide 1: Conference Call, September 28, 2022
CONFERENCE CALL // SEPTEMBER 28, 2022
Slide 2: Pan American Silver and non-GAAP measures
2 steps; our intention to formalize and standardize systems to manage ESG inputs, fluctuations in currency markets and exchange rates, operational risks performance and risk across Pan American Silver; our intention to demonstrate and hazards inherent with the business of mining (including environme
Slide 3: Cautionary Note to U.S. Investors Concerning Estimates of Mineral Reserves and Resources
3 CONTINUED under NI 43-101, there are differences in the definitions under the SEC Modernization Rules. As a foreign private issuer that is eligible to file reports Cautionary Note to U.S. Investors Concerning Estimates of Mineral Reserves with the SEC pursuant to the multi-jurisdictional disclosur
Slide 4: NASDAQ: PAAS // TSX: PAAS
Corporate Office 4 Timmins Mining Operations Dolores Development & Advanced Stage Exploration Projects Skarn Deposit La Colorada NASDAQ: PAAS // TSX: PAAS Escobal (Escobal is currently on Diversified asset portfolio with 8 operations in the Americas care and maintenance) Revenues from Peru (44%), Me
Slide 5: Growing industrial demand from global transition to decarbonization and electrification
5 // Growing industrial demand from global transition to decarbonization and electrification • Silver has the highest electrical and thermal conductivity of all metals, making it an important metal in the transition to a low carbon economy. • ~11% of silver supply used for photovoltaics (solar panel
Slide 6: Structure and Accountability
6 // Structure and Accountability E N V I R O N M E N TA L AND SOCIAL • The Communities and Sustainable Development (CSD) Committee reviews the Company’s 35% sustainability and ESG performance. 15% • The Health, Safety, and Environment (HSE) Committee provides policy direction and oversight of SAFET
Slide 7: Reporting Frameworks, Memberships and Ratings and Rankings
7 Reporting Frameworks and Standards Ratings and Rankings (as of Sept. 28, 2022) 68 BBB rating Ranked top 10% in the Metals Upgraded to ‘BBB’ from ‘BB’ in & Mining industry November 2021 Memberships and Commitments Scale: 0 (worst) to 100 (best). Scale: CCC (worst) to AAA (best). 27.4 (medium risk)
Slide 8: Environment Social Governance
8 ENVIRONMENT SOCIAL GOVERNANCE Note: The 2021 base case is our projected 2021 GHG emissions and water use, as calculated using our life of mine plans adjusted for annual production guidance.
Slide 9: Environmental, Social, Communities, Human Capital and Inclusion & Diversity targets
9 ENVIRONMENT SOCIAL • Achieve zero significant environmental incidents (SEIs) at our operations COMMUNITIES • Improve on bi-annual environmental audit performance • Achieve zero new social disputes at our operations • Reduce water use by 1% compared to the 2022 base case1 • Resolve all medium and h
Slide 10: Programs & Initiatives, Historical Safety Performance
10 // Programs & Initiatives // Historical Safety Performance 6.25 • Implementation of TSM Safety and Health protocol at all our operations 6 4.64 4.61 4 • Serious Injury and Fatality Prevention program 4 2 2 2 • Health and Safety supervisor training program 1.04 0.35 0.96 0 • Behavior-based safety
Slide 11: Climate Change Strategy
11 // Climate Change Strategy // 30% reduction in GHG emissions by 2030 and an aspirational objective of net zero by 2050 • Integrating GHG emission reduction strategies into our operational risk and opportunities assessments and strategic planning • Adapting our operating and non-operating mines to
Slide 12: GHG Emissions Historical Performance and Intensity
12 // GHG Emissions Historical Performance // GHG Emissions Intensity 0.03 tonnes CO 2Eq/tonnes ore processed GHG Emissions (Tonnes CO 2Eq) 2019 2020 2021 0.02 Scope 1 – Direct 1 313,361 274,522 294,799 Scope 2 – Electricity2 143,863 111,895 107,255 0.01 Total Scope 1 and 2 457,223 386,418 402,054 S
Slide 13: 2021 Social Performance
13 // 2021 Social Performance // $11.2 million in Community Investments (2021) • Updated our Social Sustainability Policy and developed a Corporate Social Closure Standard • Achieved Level A on the TSM Aboriginal and Community Relationships Protocol • Sustainability audits conducted at our mines in
Slide 14: Next Steps
14 // Next Steps √ Formalize and standardize systems to manage ESG performance and risk across the Company √ Increasingly demonstrate progress against quantitative targets, both at a site and corporate level √ Continue to monitor Sustainable Performance Indicators to measure effectiveness of our sys
Slide 15: Q&A
y PAN AMERICAN — SILVER — Q&A
Slide 16: Christian Del Valle
16 Christian Del Valle DIRECTOR, CORPORATE AFFAIRS & ESG ENGAGEMENT csr@panamericansilver.com PanAmericanSilver.com Suite 1440, 625 Howe Street Vancouver, BC, V6C 2T6
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