Sustainability Approach and Goals

About Our Strategy

We established our first sustainability strategy close to a decade ago, setting out long-term goals to drive improved sustainability performance across our activities. In 2020, we updated our strategy to reflect changing global expectations and position Teck for the future. Our new sustainability strategy has eight strategic themes: health and safety, climate change, responsible production, our people, tailings management, water, biodiversity and reclamation, and communities and Indigenous Peoples.

Our strategy is integrated into decision-making by embedding it into management standards, compensation and into corporate, site and employee annual plans and objectives. Throughout the year, our senior management team and the Safety and Sustainability Committee of the Board review performance against our sustainability strategy and approve future actions.

Moving forward, we are focused on achieving our sustainability goals while managing emerging risks and embracing opportunities that increase our competitiveness and contribute to sustainable development.

Our Approach to Business and Sustainability

Teck is committed to responsible resource development. We are focused on operating sustainably, ensuring the health and safety of our people, and building strong relationships with communities. We have internal policies and external commitments that guide and allow us to evolve with emerging sustainability trends and best practices.

Our Sustainability Goals

Strategic Priority:

Eliminate fatalities, serious injuries and occupational disease

Goals:

Contribute to the elimination of fatalities and serious injuries through significantly enhanced critical control verification for fatal hazards.
By 2025, contribute to the elimination of occupational disease by implementing new technologies in real-time exposure monitoring to improve exposure controls for dust and welding fumes.

For more information on our work towards achieving goals in this strategic theme, see the Health and Safety page

Strategic Priority:

Be a carbon neutral operator by 2050

Goals:

Reduce the carbon intensity of our operations by 33% by 2030.
Procure 50% of our electricity demands in Chile from clean energy by 2025 and 100% by 2030.
Accelerate the adoption of zero-emissions alternatives for transportation by displacing the equivalent of 1,000 internal combustion engine (ICE) vehicles by 2025.

For more information on our work towards achieving goals in this strategic theme, see the Climate Change and Energy Use page

Strategic Priority:

Continue to manage our tailings across their life cycle in a safe and environmentally responsible way

Goals:

Preferentially consider milling and tailings technologies that use less water for both new mines and any mine life extensions at existing mines.
Expand the use of digitally connected surveillance technologies to assist in monitoring our tailings storage facilities.

For more information on our work towards achieving goals in this strategic theme, see the Tailings Management page

Strategic Priority:

Foster a workplace where everyone is included, valued and equipped for today and the future

Goals:

Increase the percentage of women working at Teck – including women in leadership positions – and advance inclusion and diversity initiatives across the company by 2025.
Equip our employees for future workplace and leadership needs, including upskilling and reskilling, by investing $200 million in training and skills development programs by 2025.
Expand employee engagement opportunities, including employee-driven community initiatives and a company-wide feedback program, by 2025.

For more information on our work towards achieving goals in this strategic theme, see the O ur People page.

Strategic Priorities:

Be a leader in responsibly providing the metals and minerals needed for the transition to an economy focused on reducing waste and keeping products in use
Work towards disposing zero industrial waste by 2040

Goals:

By 2025, establish site-based industrial waste inventories and plans to turn waste into useful and appropriate products. Based on these inventories and plans, set goals for industrial waste reduction.
By 2025, develop and implement a responsible producer program and "product passport" that is traceable through the value chain.
Be a leader in product stewardship by continuing to implement our Materials Stewardship program and produce secondary metals at our Trail Operations.

For more information on our work towards achieving goals in this strategic theme, see the Responsible Production page

Strategic Priority:

Work towards securing a net positive impact on biodiversity

Goal:

By 2025, all operating sites have and are implementing plans to secure net positive impact.

For more information on our work towards achieving goals in this strategic theme, see the Biodiversity and Reclamation page

Strategic Priorities:

Transition to seawater or low-quality water sources for all operations in water-scarce regions by 2040
Implement innovative water management and water treatment solutions to protect water quality downstream of all our operations

Goals:

By 2025, design all development projects in water-scarce regions with a seawater or low-quality water source.
By 2025, implement new source control or mine design strategies and water treatment systems to further advance efforts to manage water quality at our operations.

For more information on our work towards achieving goals in this strategic theme, see the Water Stewardship page

Strategic Priority:

Collaborate with communities and Indigenous Peoples to generate economic benefits, advance reconciliation efforts and improve community well-being

Goals:

Increase local employment and procurement opportunities by 2025 to deliver direct economic benefits to communities.
Achieve greater representation of Indigenous Peoples across our business by 2025 by increasing employment and procurement through business development, capacity-building, education and training opportunities.
Deliver positive social, economic and environmental outcomes for communities and Indigenous Peoples by contributing $100 million to community organizations and global initiatives, including our Zinc & Health and Copper & Health programs, by 2025.

For more information on our work towards achieving goals in this strategic theme, see the Relationships with Communities and Indigenous Peoples page

Health and Safety

Strategic Priority:

Eliminate fatalities, serious injuries and occupational disease

Goals:

Contribute to the elimination of fatalities and serious injuries through significantly enhanced critical control verification for fatal hazards.
By 2025, contribute to the elimination of occupational disease by implementing new technologies in real-time exposure monitoring to improve exposure controls for dust and welding fumes.

For more information on our work towards achieving goals in this strategic theme, see the Health and Safety page

Climate Change

Strategic Priority:

Be a carbon neutral operator by 2050

Goals:

Reduce the carbon intensity of our operations by 33% by 2030.
Procure 50% of our electricity demands in Chile from clean energy by 2025 and 100% by 2030.
Accelerate the adoption of zero-emissions alternatives for transportation by displacing the equivalent of 1,000 internal combustion engine (ICE) vehicles by 2025.

For more information on our work towards achieving goals in this strategic theme, see the Climate Change and Energy Use page

Tailings Management

Strategic Priority:

Continue to manage our tailings across their life cycle in a safe and environmentally responsible way

Goals:

Preferentially consider milling and tailings technologies that use less water for both new mines and any mine life extensions at existing mines.
Expand the use of digitally connected surveillance technologies to assist in monitoring our tailings storage facilities.

For more information on our work towards achieving goals in this strategic theme, see the Tailings Management page

Our People

Strategic Priority:

Foster a workplace where everyone is included, valued and equipped for today and the future

Goals:

Increase the percentage of women working at Teck – including women in leadership positions – and advance inclusion and diversity initiatives across the company by 2025.
Equip our employees for future workplace and leadership needs, including upskilling and reskilling, by investing $200 million in training and skills development programs by 2025.
Expand employee engagement opportunities, including employee-driven community initiatives and a company-wide feedback program, by 2025.

For more information on our work towards achieving goals in this strategic theme, see the O ur People page.

Responsible Production

Strategic Priorities:

Be a leader in responsibly providing the metals and minerals needed for the transition to an economy focused on reducing waste and keeping products in use
Work towards disposing zero industrial waste by 2040

Goals:

By 2025, establish site-based industrial waste inventories and plans to turn waste into useful and appropriate products. Based on these inventories and plans, set goals for industrial waste reduction.
By 2025, develop and implement a responsible producer program and "product passport" that is traceable through the value chain.
Be a leader in product stewardship by continuing to implement our Materials Stewardship program and produce secondary metals at our Trail Operations.

For more information on our work towards achieving goals in this strategic theme, see the Responsible Production page

Biodiversity and Reclamation

Strategic Priority:

Work towards securing a net positive impact on biodiversity

Goal:

By 2025, all operating sites have and are implementing plans to secure net positive impact.

For more information on our work towards achieving goals in this strategic theme, see the Biodiversity and Reclamation page

Water

Strategic Priorities:

Transition to seawater or low-quality water sources for all operations in water-scarce regions by 2040
Implement innovative water management and water treatment solutions to protect water quality downstream of all our operations

Goals:

By 2025, design all development projects in water-scarce regions with a seawater or low-quality water source.
By 2025, implement new source control or mine design strategies and water treatment systems to further advance efforts to manage water quality at our operations.

For more information on our work towards achieving goals in this strategic theme, see the Water Stewardship page

Communities and Indigenous Peoples

Strategic Priority:

Collaborate with communities and Indigenous Peoples to generate economic benefits, advance reconciliation efforts and improve community well-being

Goals:

Increase local employment and procurement opportunities by 2025 to deliver direct economic benefits to communities.
Achieve greater representation of Indigenous Peoples across our business by 2025 by increasing employment and procurement through business development, capacity-building, education and training opportunities.
Deliver positive social, economic and environmental outcomes for communities and Indigenous Peoples by contributing $100 million to community organizations and global initiatives, including our Zinc & Health and Copper & Health programs, by 2025.

For more information on our work towards achieving goals in this strategic theme, see the Relationships with Communities and Indigenous Peoples page