Sustainability Report Review Panel

This is Teck’s second Sustainability Report to be reviewed by an independent Panel. The Panel represents a diversity of interests and expertise, and has provided this constructive critique to help us improve our reporting. We are extremely grateful to all the Panel members for giving us the benefit of their experience. The Management Response sections of this report show how we are learning from the process and acting on it.

Panel Structure – How we did it

We selected individual Panellists based on their experience, their perspective, and their ability and willingness to tell us frankly what we need to know. Most of the Panel members participated in the Review of the 2007 Sustainability Report and were able to comment on changes. All of the Panellists, with the exception of the Highland Valley Copper employee, were external to Teck. The Panel included the following people:

• Chris Ballance, Northwest and Ethical Investments, Senior Sustainability Analyst
• Karen Campbell, Pembina Institute, Director of Strategy and Staff Counsel (attended part of meeting)
• Salvatori (Sam) Costa, Highland Valley Copper, Senior Training Foreman
• Dan Jepsen, consultant, formerly with AME BC
• James Morin, BC Institute of Technology, Aboriginal Minerals Training Program
• Richard Prokopanko, RioTinto Alcan, Director of Corporate Affairs and Sustainability
• Caroline Rossignol, Barrick, Manager, Corporate Social Responsibility

In addition, the Panel considered written input from:

• Uwafiokun Idemudia, York University, Professor with research interests in natural resource conflict and international development
• Stephen Kibsey, Caisse de dépôt et placement du Québec
• Carol Murray, ESSA Technologies

The scope of the Panel’s review included the printed report and the sustainability section of Teck’s Web site. Site reports were not complete and so were not in the scope of this year’s review. The Panel met for a day in Vancouver at an off-site location and was facilitated by an independent consultant from Solstice Sustainability Works. Teck representatives provided an overview of the 2008 Sustainability Report at the beginning of the meeting and attended at the end to hear a summary of the feedback.

The facilitator circulated detailed notes to the Panel members and prepared this Review Report. Teck management reviewed it and added our response. Panel members then reviewed the finished Review Report and agreed to have their name included. Panellists were reimbursed for travel costs and Teck offered to make a modest donation to a charity of their choice.

Panel Results – What we learned

The Panel provided comments and suggestions regarding the review process itself, report content and report presentation. The Panel commended Teck for its openness in inviting external review of its reporting. One Panellist wrote that the “whole idea of a Panel review is excellent and fits in well with the concept of sustainability by engaging stakeholders.” The willingness of the volunteer Panel to return for a second year indicates to us that they believe their efforts are making a difference, so we begin with the most significant changes the Panel found.