Pan American Silver Corp

The Board of Directors is accountable for directing the Company's strategies and reviews and considers climate-related issues when advising on plans of action such as major capital expenditures, acquisitions, or divestitures. The Board of Directors, largely through its Committees, oversees and monitors and, if applicable, provides guidance with respect to the development of Pan American Silver's goals, annual targets, policies and programs as they relate to climate change and GHG emissions, among others. In addition, the Board, reviews and monitors management's reports and activities to ensure that the main risks and opportunities to the Company related to climate change are identified by management and that appropriate resources are allocated by management to address these risks and opportunities. [...] The senior management ESG Committee develops climate change policy and provides standard recommendations to our Board committees, reviews the results of our current performance, evaluates climate-related risks and strategies, and agrees on reporting metrics and targets. The ESG Committee is comprised of interdepartmental senior management, as further described in the Sustainability Governance section of this report.

Sustainability is embedded in our vision, values, and business strategy.

###### BOARD OF DIRECTORS Governance and oversight of sustainability at Pan American Silver start

at the Board level. From the top level of the organization, accountability

for sustainability cascades down to our sites. In 2021, the Board of

Directors established a new committee, the Communities and Sustainable

Development Committee (CSD Committee), to increase our focus on ESG-

related issues, policies, practices, and disclosures. The CSD Committee,

in conjunction with the Health, Safety, and Environment Committee (HSE

Committee) and the Nominating & Governance Committee, together oversee

and make recommendations to the Board with respect to our ESG approach.

- The CSD Committee provides oversight and guidance on our approach - Implement sustainability programs and initiatives, and supervise teams
to community and sustainable development matters. It reviews the responsible for community relations, environment, safety, and human
Company's sustainability and ESG performance and matters relating resources.
thereto on a quarterly basis and reports to the Board.

- Additional details on our Board mandate, members, committees, policies,

- The HSE Committee provides policy direction and oversight of the [and processes, can be found in our Management Information Circular.](https://www.panamericansilver.com/assets/Financial-documents/2022/2.-2022-InfoCirc-v14-FINAL.pdf)
Company's performance on safety and on technical matters relating to
the environment. It reviews the Company's safety and environmental
performance on a quarterly basis and reports to the Board.

- The Nominating and Governance Committee oversees the effective
functioning of the Board and the implementation of governance best
practices.

- The Audit Committee provides oversight of financial reporting and
disclosures, internal controls, and risk management.

- The Human Resources and Compensation Committee oversees human
resources, inclusion and diversity initiatives, compensation, and
succession planning.

**CORPORATE MANAGEMENT TEAM**

- The Chief Executive Officer, the Chief Operating Officer, the Senior Vice
President, Corporate Affairs and Sustainability and the General Counsel
direct and oversee strategy, programs, initiatives, and performance
related to communities, health and safety, environment, and human
capital. They also monitor ESG indicator performance on a monthly basis.

- Senior management actively leads and manages sustainability and ESG
programs, initiatives and performance.

- The ESG Management Committee, consisting of cross-departmental
senior and executive management representatives, supports the
Company in fulfilling its ESG management responsibilities and enhancing
its ESG performance.