Engagement with stakeholders — including investors, customers and local communities — and Indigenous Peoples helps to enhance our mutual understanding of interests, concerns and aspirations, and strengthens relationships. Stakeholders are identified based on the degree to which they are affected by our activities, by our relationships with them and by their ability to influence the achievement of our business objectives. In particular, stakeholder identification helps us:
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Understand the positive and negative impacts of our business
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Understand the risks and opportunities — for stakeholders and our business — associated with these impacts
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Manage these impacts in a responsible and effective manner
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Understand the effectiveness of our management actions
Direct and Indirect Stakeholder Engagement and Management
Teck conducts direct engagement, which involves speaking and working directly with stakeholders, as well as indirect engagement, which involves reviewing publications that reflect our stakeholder expectations. Our direct engagement with stakeholders is carried out on an ongoing basis, and is organized around three levels: disclosure, dialogue and participation. We carry out indirect engagement through the application of externally developed standards and frameworks. Our engagement with community stakeholders and Indigenous Peoples is guided by our Health, Safety, Environment and Community (HSEC) Management Standards, and our Social Management and Responsibility at Teck (SMART) tools. Engagement outcomes are reported to the Safety and Sustainability Committee of our Board of Directors and to our HSEC Risk Management Committee.
Engagement with Local and Indigenous Communities
All of our operations, exploration sites, projects and closed properties identify, prioritize and directly engage local and Indigenous communities. Our work in this area is focused on:
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Disclosing and appropriately communicating accurate and timely information
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Maintaining an open dialogue so all parties can fully understand each other’s views and concerns
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Engaging in decision-making around our activities
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Collaborating on issues of mutual interest
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Creating social value and maintaining our ability to operate
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Understanding the potential impact of our activities on the rights of Indigenous communities
Those responsible for engagement with local communities and Indigenous Peoples are trained to conduct dialogue that is focused on building and maintaining relationships and addressing issues important to those communities. This helps enable engagement that is productive and constructive, and that directly contributes to the building and maintenance of long-term, trust-based relationships. Our engagement with our workforce, communities, civil society and Indigenous Peoples also supports our commitments to respecting human rights and Indigenous rights across Teck.
Key Engagement Topics with Stakeholders and Indigenous Peoples Identified and Managed in 2020:
|
Stakeholder |
Description |
Priority Engagement Topics in 2020 |
Learn More |
|
Our Workforce
|
Union, non-union, full-time and part-time employees and contractors |
|
Pages 51, 80 |
|
Investors, Financial Institutions |
Institutional investors, other equity holders, debt holders, banks and credit rating agencies |
|
See the 2020 Annual Report for information on financial and operational performance
|
|
Communities
|
Indigenous communities, non-Indigenous communities, community-based institutions, and those outside of project- and site-affected communities |
|
Pages 61, 68 |
|
Civil Society, Non-Governmental and Multinational Organizations |
Regional, national and international organizations focused primarily on advocacy |
|
Pages 19, 68, 100 |
|
Academic Institutions and Researchers |
Academic institutions and research organizations |
|
Pages 68, 80 |
|
Governments
|
Local government bodies or institutions, provincial/sub-national governments and national/federal governments |
|
Pages 19, 100 |
|
Indigenous Governments and Communities |
Formal governance structures representing Indigenous communities and organizations, including businesses identified by Indigenous communities and traditional land users |
|
Pages 61, 68 |
|
Commercial Interests |
Joint venture partners, large contractors and customers |
|
Pages 46, 51, 96 |
|
Industry Associations
|
Associations representing businesses (e.g., mining associations, sustainable business organizations) |
|
Pages 29, 46, 51, 61, 68 |
