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Glossary

Area of Influence: The range or extent of contractual, political, economic or other relationships through which an organization has the ability to materially impact others. 

Artisanal and Small-Scale Mining (ASM): Artisanal mining may involve individuals or families using pre-industrial techniques, compared to small-scale mining, which may be more extensive and more mechanized. However, both are labour intensive, explore small or marginal deposits, and are characterized by poor access to markets, lack of standards for health and safety, and low capital input. ASM, which ranges from informal subsistence mining by individuals to small formal commercial mining operations, can provide a key source of income in many communities. 

Biodiversity: An abbreviation for “biological diversity”, biodiversity refers to the variety of life on earth: the different animals, plants and micro-organisms, and the ecosystems of which they are a part. 

Cap and Trade System: A mechanism designed to limit and reduce greenhouse gas (GHG) emissions by setting a decreasing limit on their emissions (the cap) and by allowing entities within the system to trade their excess/debt to meet the overall reduction target. 

Carbon Accounting: The practice of measuring and quantifying GHG emissions, accounting for both emitting sources (e.g., fossil fuel combustion) and “sinks” that remove GHG from the atmosphere (e.g., forests). 

Carbon Dioxide-Equivalent Emissions (CO2e): A unit of measure that converts the emissions of different greenhouse gases into their carbon dioxide equivalent. This allows easier comparison of GHG emissions by using carbon dioxide as a standard unit of reference. 

Charter of Corporate Responsibility: A set of principles related to business ethics, environment, safety, health and community that governs all of our operating practices and provides overarching sustainability governance commitments. 

Closure Plan: A plan that establishes considerations for the closure of an operation under social, economic and environmental parameters that may change over generations. It requires community engagement throughout the mining life cycle. 

Code of Ethics: This sets out our company’s dedication to upholding high moral and ethical standards, and specifies basic business conduct and behaviour. 

Code of Sustainable Conduct: Outlines our commitments to sustainable development. 

Communities of Interest (COIs): Any individuals or groups that may be affected by, have an interest in, or have the ability to influence our activities. These include academic and thought leaders, employees, government and regulatory staff, Indigenous Peoples, industry associations, investment communities, local communities, non-governmental organizations, peers, and business partners and suppliers.

Community Investment: A voluntary action or contribution by a company, beyond the scope of their normal business operations, intended to benefit communities of interest in ways that are sustainable and support business objectives. 

Concentrates: A product containing valuable minerals from which most of the waste minerals in the ore have been eliminated in a mill or concentrator. 

Consequence Classification: The standard for consistently evaluating dam safety which is used in site evaluation, legislation and regulation. The five-tier failure consequence classification system includes the following categories: low, significant, high, very high and extreme. 

Dust fall jars: An open container that is used to collect particles from the air for measurement and analysis. Source: EPA.

Electronic Waste (E-waste) Recycling: The process of recycling end-of-life electronics, also known as e-waste, to recover valuable metals that are then reused in new products. E-waste recycling diverts recyclable materials from landfills and extends the life of our natural resources by utilizing what has already been mined. 

Engagement: A process of contact, dialogue and interaction that ensures that all parties of interest are informed and participating in decisions that affect their future. 

Financial Capital: The pool of funds that is available to an organization for use in the production of goods or the provision of services; and is obtained through financing, such as debt, equity or grants, or generated through operations or investments.

Greenhouse Gas (GHG) Emissions: The major GHGs accounted for within this report and as identified under the Kyoto Protocol are carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), hydrofluorocarbons (HFCs), perfluorocarbons (PFCs) and sulphur hexafluoride (SF6). 

Grievance/Feedback Mechanism: A process that allows us to receive, and effectively organize our response to, feedback from COIs on matters of interest to them related to our activities. Feedback may include questions, issues, ideas, concerns or complaints from COIs. 

Global Reporting Initiative (GRI): The world’s most widely used sustainability reporting framework, consisting of principles, guidelines and indicators to measure and report on an organization’s economic, environmental and social performance. 

G4 Guidelines: The fourth generation of the Global Reporting Initiative (GRI) Sustainability Reporting Guidelines. 

Health, Safety, Environment and Community (HSEC) Management Standards: A set of standards that provide a consistent and systematic framework for identifying HSEC issues and helps ensure that HSEC risks are properly and efficiently managed. 

High-Potential Incident: Those events that have the greatest ability to seriously or fatally injure our workforce. 

Human Capital: The International Integrated Reporting Council (IIRC) defines human capital as people’s competencies, capabilities and experience, and their motivations to innovate, including their: (1) alignment with and support for an organization’s governance framework, risk management approach, and ethical values; (2) ability to understand, develop and implement an organization’s strategy; and (3) loyalties and motivations for improving processes, goods and services, including their ability to lead, manage and collaborate.

Human Rights: Refers to the concept of human beings having universal rights, or status, regardless of legal jurisdiction or other localizing factors such as ethnicity, nationality and sex. Human rights covers many issues relevant to a mining company, including health and safety, discrimination, poverty alleviation, Indigenous rights, access to natural resources, and human health. As such, companies have the potential to affect human rights through their relationship with employees, the environment and communities. 

Impact (in terms of health, safety, environment and community): Any change to the environment or to the health, safety and well-being of people, whether adverse or beneficial, wholly or partially resulting from our activities or products. 

Impact Benefit Agreement: An agreement typically made with Aboriginal or Indigenous Peoples that outlines the projected impacts of the project, the commitment and responsibilities to mitigate these impacts, and the economic and other benefits that will be shared with the Aboriginal or Indigenous party.

Impact Assessments: A study that evaluates the actual or potential impacts (positive or negative) that a site may have on its communities of interest. 

Indigenous Peoples: Cultural groups and their descendants who have a historical association with, and continuity in, a particular region or part of a region. They have a cultural identity and, as minorities, they may be vulnerable to current social and economic systems. Indigenous Peoples is the globally used term and Aboriginal People is the term used in Canada. There are three Aboriginal groups in Canada: First Nations, Inuit and Métis. Indigenous Peoples are one of our COIs. 

Indirect Economic Impacts: As defined by GRI Economic Indicator Protocol Set, they are the result (often non-monetary) of direct economic impacts (the transactions between an organization and its stakeholders). 

Indirect Energy Use: The energy used by Teck but generated by sources owned and controlled by another company (imported electricity, heat or steam).

International Integrated Reporting Council: A global coalition of regulators, investors, companies, and standard setters, the accounting profession and NGOs. The coalition is promoting communication about value creation as the next step in the evolution of corporate reporting. The IIRC’s vision is to align capital allocation and corporate behaviour to wider goals of financial stability and sustainable development through the cycle of integrated reporting and thinking.

International Labour Organization’s Indigenous and Tribal Peoples Convention (ILO-169): Convention No.169 is a legally binding international instrument open to ratification, which deals specifically with the rights of indigenous and tribal peoples. Today, it has been ratified by 20 countries. Once it ratifies the Convention, a country has one year to align legislation, policies and programmes to the Convention before it becomes legally binding. Countries that have ratified the Convention are subject to supervision with regards to its implementation.

International Organization for Standardization (ISO) 14000: The family of ISO standards that addresses various aspects of environmental management. It enables an organization of any size or type to identify and control the environmental impact of its activities, products or services, and helps organizations continuously improve their environmental performance and implement systematic approaches to setting their environmental objectives and targets. 

International Organization for Standardization (ISO) 14001: Provides a framework for a strategic approach to an organization’s environmental policy plans and actions, outlining the requirements for environmental management systems that are environmentally sustainable. 

Job Safety Analysis (JSA): A Job Safety Analysis is a technique that focuses on job tasks as a way to identify hazards before they occur in order to eliminate or reduce the hazards to an acceptable level of risk. It focuses on the relationship between the worker, the task, the tools, and the work environment. 

Joint Venture: A business agreement in which the parties agree to develop, for a finite time, a new entity and new assets by contributing equity. 

Life Cycle Analysis: A full assessment of a product’s impact at every stage of its lifespan, from mining the product, to process and function, to sales and distribution, and appropriate end-of-life management. 

Local Content: Refers to local procurement and employment at a given site. 

Lost-Time Injury: An injury resulting in the individual being unable to perform his/her duties on the next scheduled work shift following the initial date of the injury. Lost time is days lost beyond the day of the injury. 

Materiality: For the purposes of this report, we regard our material topics and interests as those that may affect the long-term success of our business, including our ability to create and preserve economic, environmental and social value. Material topics and interests include those that have the potential to influence the perception of COIs, including those who intend to make decisions and assessments about our commitment to sustainability. Materiality, in this context, is the threshold at which an issue or interest becomes sufficiently important that it should be reported. 

Natural Capital: The International Integrated Reporting Council (IIRC) defines natural capital as all renewable and non-renewable environmental resources and processes that provide goods and services that support the past, current or future prosperity of an organization. It includes: air, water, land, minerals and forests, biodiversity, and ecosystem health.

NANA: A Regional Alaska Native corporation owned by the Iñupiat people of northwest Alaska.

Non-Governmental Organization (NGO): A non-profit group largely funded by private contributions and operated outside of institutionalized government or political structures. NGOs focus on environmental and social issues at local, regional, national and international levels. 

Occupational Health and Safety Assessment Series (OHSAS) 18001: An international occupational health and safety management system specification.

Oil Sands: A petroleum deposit containing a mixture of water, clay, sand and a dense form of petroleum called bitumen. Bitumen is processed and upgraded to resemble light crude oil. Surface mining removes bitumen deposits close to the surface and in situ production recovers underground deposits. 

Ore Deposit: Naturally occurring material from which minerals of economic value can be extracted at a reasonable profit. 

Potentially Fatal Occurrence (PFO): A PFO is an undesired, high-potential occurrence with the reasonable likelihood to have, under slightly different circumstances, resulted in a fatal injury to an employee or contractor.

Reclamation: The restoration of a site after mining or exploration activity is completed. Reclamation initiatives are used to create diverse environments that are similar to the pre-mining landscape. These landscapes are meant to attract a variety of wildlife species and to function in ways that will sustain biodiversity over time. 

Resource Development Project: A project that satisfies a set of predefined characteristics, such as its degree of current development, and has as its ultimate aim the development of a subsurface mineral or energy resource into a revenue-generating operation. 

Safety and Health Policy: Our company policy that fortifies a corporate commitment to providing leadership and resources for entrenching core values of safety and health. 

Safety and Sustainability Committee: A committee of our Board of Directors that oversees management’s implementation of safety and sustainability practices throughout the company. 

Scope 1 (Direct) Greenhouse Gas Emissions: Emissions that occur from energy sources that are owned or controlled by the company. 

Scope 2 (Indirect) Greenhouse Gas Emissions: Emissions that occur from the generation of purchased electricity consumed by the company. Scope 2 emissions physically occur at the facility where electricity is generated. 

Scope 3 (Other Indirect) Greenhouse Gas Emissions: Other indirect emissions not covered in scope 1 or 2, such as emissions that arise from sources owned or controlled by other companies within the value chain of a company. For example, emissions arising from business travel by employees, the use of our products, and the transportation of materials that we purchase and sell. 

Severity: A measure of safety performance that illustrates the number of days lost due to injuries. Severity is a frequency measure based on every 200,000 hours worked and is calculated as follows: (number of days missed due to lost-time injuries x 200,000) divided by actual number of hours worked. A fatality is calculated as 6,000 days lost. 

Site: A location under the management control of Teck. For example, these include exploration sites, facilities and operations. 

Social and Environmental Impact Assessment (SEIA): An input to decision making that seeks to evaluate the significant issues associated with a proposed undertaking (e.g., a resource development project) in order to predict and assess its likely positive and negative impacts. Depending on the scope of the SEIA, the examination of issues may extend to cumulative, trans-boundary, or global impacts, as appropriate. Impact assessment typically includes establishing baseline data, analysis of alternatives and determination of a management program to mitigate predicted impacts. 
 
Social Baseline: A study to understand the current socio-economic or human environment around a proposed project, mine or associated infrastructure. 

Social Capital: The International Integrated Reporting Council (IIRC) defines social and relationship capital as the institutions and the relationships within and between communities, groups of stakeholders and other networks, and the ability to share information to enhance individual and collective well-being. Social and relationship capital includes: shared norms, and common value and behaviours; key stakeholder relationships, and the trust and willingness to engage that an organization has developed and strives to build and protect with external stakeholders; and intangibles associated with the brand and reputation that an organization has developed.

Social Management: A management approach that identifies and manages social impacts, which are any positive or adverse consequences experienced by COIs resulting from the existence of, or changes to, our activities. Aspects of social management include our practices, capacity building, structures and systems. 

Socially Responsible Investing: An investment strategy that assesses an organization’s financial, environmental, social and governance performance. 

Tailings: Ground rock that has no economically recoverable mineral content. Tailings are materials rejected from a mill after recoverable valuable minerals have been extracted. 

Tailings Storage Facility (TSF): The collective structures, components and equipment pertaining to tail¬ings impoundment and management including, but not limited to, dams and reservoirs, pipelines, spillways, drains, chutes, gates, intake towers, decant structures, tunnels, canals, low-level outlets, water treatment, control and release facilities, monitoring and surveillance installations, mechanical and electrical controls, power supply, and other appurtenances.

Total Recordable Injury Frequency (TRIF): A key measure of safety performance that demonstrates the total number of recordable injuries per 200,000 hours worked. Recordable injuries include fatalities, lost-time injuries and injuries requiring medical aid. The types of incidents not included in the TRIF calculation include first aid injuries, high-potential incidents, non-injury property damage, and non-injury mobile equipment events. TRIF is calculated as follows: TRIF = (number of medical aid injuries + number of lost-time injuries + number of fatal injuries x 200,000) divided by total number of hours worked. The factor of 200,000 is derived from the average number of hours worked by 100 people in a one-year period (50 working weeks x 40 hours per week x 100 people). This factor is frequently used in North America.

Traditional Knowledge: The knowledge, skills and practices that are passed on from generation to generation within a community and often form part of its spiritual or cultural identity. 

Universal Declaration of Human Rights (UDHR): A declaration adopted by United Nations General Assembly, describing the human rights guaranteed to all people. 

United Nations Declaration on the Rights of Indigenous Peoples:  A declaration adopted by United Nations General Assembly, describing that Indigenous peoples have the right to maintain and strengthen their distinct political, legal, economic, social and cultural institutions, while retaining their right to participate fully, if they so choose, in the political, economic, social and cultural life of the State.

 

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Teck is a diversified resource company committed to responsible mining and mineral development with business units focused on copper, zinc, steelmaking coal and energy.