Teck Named to 2022 Global 100 Most Sustainable Corporations List
Teck Resources Limited has been recognized as one of the 2022 Global 100 Most Sustainable Corporations by Corporate Knights, marking the fourth straight year Teck has been named to the list.
“Teck is committed to providing essential resources the world is counting on to make life better, while caring for people, communities and the environment,” said Don Lindsay, President and CEO. “Our employees are passionate about sustainability and this recognition is the direct result of their hard work and dedication.”
The Global 100 companies are selected from over 6,900 publicly traded companies with more than US$1 billion in revenues. Companies were evaluated based on a rigorous assessment including sector-specific sustainability metrics, such as clean revenue percentage, water, energy and GHG productivity, and safety performance, as well as board and executive diversity.
Again this year, the Corporate Knights Global 100 most sustainable corporations are progressing faster than their peers. Members of the MSCI All Country World Index (ACWI), a global equity index, derive just 30% of their earnings from products or services aligned with the Corporate Knights Clean Taxonomy, while 47% of the Global 100 do so (up from 41% last year). Crucially, Global 100 companies are also investing more aggressively in clean technologies and services, with 48% of their capital expenditures, R&D and acquisitions going to clean investments, versus 34% for ACWI.
This is reflected in their performance. Since the market bottomed in the spring of 2020, the Global 100 has made gains of 22% against the ACWI, reflecting investors’ focus on a green recovery. Since its inception on February 1, 2005, the Global 100 Index has generated a total investment return of 331% compared to 279% for ACWI.
As the “decade of action” on decarbonizing the economy kicks off in earnest, the most sustainable companies are more productive in terms of both carbon and energy. Compared to the average ACWI firm, Global 100 members generate more than four times the output per tonne of carbon emitted and almost eight times more output per unit of energy consumed.
Teck has also been named one of the Best 50 Corporate Citizens by Corporate Knights for 2021. Teck is ranked #1 in the Metals and Mining industry on the S&P Dow Jones Sustainability World Index (DJSI), Sustainalytics and Vigeo Eiris, and is ranked AA by MSCI for ESG performance. Teck is currently listed on sustainability indices such as the MSCI World ESG Leaders Index, FTSE4Good Index and Jantzi Social Index.
Go to www.teck.com/responsibility to learn more about Teck’s commitment to responsible resource development.