Teck’s Annual Sustainability Report

Teck Resources Limited announced today the release of our 23rd annual Sustainability Report, highlighting our performance in 2023 and progress in key areas including climate and nature.

“At Teck, we are committed to responsibly producing the critical minerals the world needs to create a low-carbon future,” said Jonathan Price, President and CEO. “Teck is working to further strengthen our sustainability performance, including setting a goal of net zero Scope 1 and Scope 2 emissions across our operations by 2050, and being one of the first mining companies to commit to supporting a nature positive future by 2030.”

Teck’s approach to responsible mining is underpinned by a long-term sustainability strategy, which sets out goals in the areas of Health and Safety, Climate Change, Circularity, Our People, Water, Tailings Management, Communities and Indigenous Peoples, and Biodiversity and Closure. 

2023 Sustainability achievements included:

• Conserved or restored an additional 37,900 hectares in 2023, for a total of almost 52,000 hectares conserved since they launched their Nature Positive goal in 2022.
• Provided over $32 million to support local communities and Indigenous Peoples for programs focusing on nature, climate, community wellness, education, and equity.
• Invested $388 million through procurement from Indigenous businesses.
• Announced agreements with shipping companies NORDEN, Canadian Pacific Kansas City and Oldendorff Carriers intended to reduce CO2 emissions in their steelmaking coal supply chain through innovative technology, in line with their ambition to achieve net-zero Scope 3 emissions by 2050.
• Achieved capacity to treat 77.5 million litres of water per day at our steelmaking coal operations as part of the Elk Valley Water Quality Plan.
• Focused on environmental responsibility at their expanded Quebrada Blanca (QB) Operations, including securing 100% renewable power, and implementing the first large-scale use of desalinated seawater in place of freshwater for mining in the Tarapacá Region of Chile.

Teck’s 2023 Sustainability Report and Annual Report is available on their website. Other reports available from Teck including the Economic Contribution Report and the TCFD-aligned Climate Change Outlook 2021 report, are also available on the Disclosure Portal.

In 2023, Trail Operations became the first stand-alone zinc processing facility to achieve Zinc Mark verification under the Copper Mark program and, in February 2024, Red Dog Operations was awarded the Zinc Mark. The QB and Carmen de Andacollo Operations also achieved Copper Mark in 2023, in recognition of environmentally and socially responsible production practices. As a result, all of Teck’s managed base metals operations are now verified and recognized through Copper Mark for strong environmental and social performance.

In 2023, Teck was named to the S&P Dow Jones Sustainability World Index in 2023 for the 14th consecutive year, indicating Teck is in the top 10 percent of the largest 2,500 companies in the S&P Global Broad Market Index based on long-term economic, environmental, and social criteria. Additionally, Teck was recognized as one of the 2023 Global 100 Most Sustainable Corporations by Corporate Knights, maintained its AA rating from MSCI, and was recognized by Morningstar Sustainalytics as an ESG Industry Top-Rated company.