Climate Change Data

Environmental Metrics

ESG Focus Areas

• Water Resources Management
• Environmental Sustainability
• Community Development
• Human Capital
• Corporate Social Responsibility

Environmental Achievements

• Planted more than five million seedlings in the watershed in collaboration with local communities.
• Implemented efficient coffee production and marketing methods, resulting in over $1 million in sales through the Environmental Economic Incentives Program (PIEA).

Social Achievements

• Issued over 22,000 property titles to residents of the Panama Canal and surrounding watershed.
• Continued execution of the Employee Health and Wellbeing Improvement Program.
• Held over 20 sports leagues with over 100 teams and 3,100 workers.
• Sponsored an intercollegiate indoor soccer tournament for Panamanian students.

Governance Achievements

• Implemented a staggered toll scheme, generating greater revenue.
• Strengthened commitment to transparency, communication, and service to users through real-time information.

Climate Goals & Targets

Environmental Challenges

• Unprecedented drought with consequences for water availability for human consumption and Canal operations.
• Lowest rainfall in the 1898-2023 period, resulting in a water deficit of 574 Mm3.

Mitigation Strategies

• Implemented water optimization measures, including cross-filling in lockages, use of water-saving basins, draft restrictions, and reduced daily transits.
• Proposed the Panama Canal Watershed Definition and Expansion Project to the National Government.
• Developed the water projects program to assess viable options to strengthen and modernize the water resource management system and identify additional water sources.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Drought
• Changes in rainfall patterns

Reporting Standards

Frameworks Used: IFRS Accounting Standards

Third-party Assurance: KPMG