P AN AMERIC AN SIL VER 35 Q H o w h a v e i n v e s t o r s d e m a n d s f o r g r e a t e r t r a n s p a r e n c y a n d a c c o u n t ab i l i t y on t o p i c s r el a t e d t o e n vi r on m e n t a l s o c i a l an d g o v e r n a n c e E S G p e r f o r m a n c e a f e c t e d P a n A m e r i c a n S i l v e r a n d t h e m in in g in d u s t r y A E S G is bec oming incr e asingly import ant t o in v e s t or s W er e at a point wher e int er e s t in E S G inf ormation c ome s not only fr om ins titutional or s ocially r e sponsible in v e s t or s but als o mains tr e am in v e s t or s It mak e s g ood fnancial s ens e f or in v e s t or s t o w ant an under s t anding o f ho w a mining c omp an y manag e s it s k e y sus t ainabilit y risk s namely climat e chang e w at er t ailing s c ommunit y and g o v ernment r elations and t ax tr ansp ar enc y In the futur e the in v e s tment c ommunit y will plac e incr e asing import anc e on E S G perf ormanc e P an Americ an Silv er has long held s tr ong E S G perf ormanc e as a fundament al p art o f our busine s s P er s onally I w elc ome mor e dilig ent E S G s t andar ds which will bring gr e at er f ocus and should then tr anslat e int o impr o v ed sus t ainabilit y perf ormanc e acr o s s the indus tr y A s p art o f our e v olving appr o ach t o E S G perf ormanc e P an Americ an Silv er support s the appr o ach pr e s ent ed in the T ask F or c e on Climat e r elat ed Financial Dis clo sur e T CFD r ec ommendations W e ar e w orking t o w ar ds implementing T CFD r ec ommendations and will publish a T CFD r eport in 2 0 21 W e ar e c ommitt ed t o doing our p art t o r educ e our c arbon f ootprint b y s etting r e alis tic short and medium t erm t ar g et s impr o ving our e xis ting public dis clo sur e and ensuring that climat e risk s ar e inc orpor at ed int o our busine s s plan P an Americ an Silv er has alw a y s s een c ommunit y f ocus ed pr ogr ams as e s s ential t o s u c c ess