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Taking Action on Climate Change

Climate change is real, it is directly influenced by human activity, and it requires decisive global action to address.

Climate Change and Our Sustainability Strategy

Climate change is a challenge that requires decisive action to address. We recognize the important role we play in the shift to a low-carbon economy and have established a strategy with short- and long-term goals for reducing emissions, with the ultimate goal of being carbon neutral by 2050.

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

Teck Sets Goal of Carbon Neutrality by 2050

Teck Sets Goal of Carbon Neutrality by 2050

As part of our commitment to climate action and responsible resource development, Teck Resources set an objective to be carbon neutral across all operations and activities by 2050. 

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The Challenge

At Teck, we believe our company and our industry have an important role to play in helping tackle the global challenge of climate change. That includes working to reduce our own emissions as well as advocating for policies that support the world’s transition to a low-carbon economy.

We recognize that our activities consume energy and generate significant greenhouse gas (GHG) emissions. This is why Teck has set ambitious targets to reduce our carbon footprint. To date, we have cut our GHG emissions by over 297,000 tonnes.

At the same time, we know that the metals and minerals we produce are essential to building the technologies and infrastructure necessary to reduce GHGs and adapt to the effects of climate change. For example, renewable energy systems can require up to 12 times more copper compared to traditional energy systems; and steel and the steelmaking coal required to make it is necessary for infrastructure that reduces emissions, such as rapid transit and wind turbines. Continued responsible production of these metal and mineral products is essential to the global effort to combat human-caused climate change.

 


Our Role

We believe that mining has an important role to play in addressing the global challenge of climate change. Our activities consume energy and create GHG emissions, but at the same time, the metals and mineral products we produce are essential to building the technologies and infrastructure necessary to reduce GHGs and adapt to the effects of climate change. For example, building the average wind turbine requires about 180 tonnes of steel which, in turn, requires about 100 tonnes of steelmaking coal to produce. Many renewable energy systems also require as much as 12 times more copper than traditional energy systems, in order to ensure efficiency.

At Teck, we are committed to supporting society’s move towards a lower-carbon future. That is why we are implementing initiatives to reduce our own emissions, and actively advocating through industry organizations and directly with governments for effective and efficient carbon pricing, which we believe can materially reduce emissions.

An effective price on carbon is one which reduces global emissions by ensuring that all emitters and all jurisdictions are contributing to solutions, while an efficient price on carbon facilitates the greatest amount of real reductions in GHG emissions at the lowest cost. By applying a carbon price for all emitters, all sectors of the economy are incentivized to play their part in solving a challenge to which we are all contributors. This approach is critical to the long-term success of global emissions reductions.

Teck currently pays approximately $50 million annually in carbon taxes from our seven operations in British Columbia, Canada, which has one of the highest carbon taxes in the world.


Our strategy to contribute to global climate action, adapt to a low-carbon economy and continue to responsibly produce the materials essential for society is built around four pillars:

  • 1. Reducing our carbon footprint: We have set long-term targets to reduce GHG emission and are working to achieve them through innovation, improved efficiency and adoption of low-carbon technologies.

    1. Reducing our carbon footprint: We have set long-term targets to reduce GHG emission and are working to achieve them through innovation, improved efficiency and adoption of low-carbon technologies.

  • 2. Positioning Teck for the low-carbon economy: Our diversified mix of products and focus on efficient, low-cost operations will ensure Teck remains competitive throughout the shift to a low-carbon economy.

    2. Positioning Teck for the low-carbon economy: Our diversified mix of products and focus on efficient, low-cost operations will ensure Teck remains competitive throughout the shift to a low-carbon economy.

  • 3. Advocating for climate action: We support action at all levels to combat climate change and are actively advocating for broad-based, effective carbon pricing.

    3. Advocating for climate action: We support action at all levels to combat climate change and are actively advocating for broad-based, effective carbon pricing.

  • 4. Adapting to the physical impacts:  We are adapting to the physical impacts of climate change and increasing the resilience of our operations by incorporating forecasted climate scenarios into project design and mine closure planning.

    4. Adapting to the physical impacts: We are adapting to the physical impacts of climate change and increasing the resilience of our operations by incorporating forecasted climate scenarios into project design and mine closure planning.

Four Pillars of Climate Action

Reducing our Carbon Footprint

As part of our commitment to climate action and responsible resource development, we have set an objective to be carbon neutral across all operations and activities by 2050. 
This objective demonstrates Teck’s support of the transition to a low-carbon economy and worldwide efforts to meet the goal of the Paris Agreement to limit global temperature increase. It also aligns with commitments by Canada and Chile – which are home to the majority of Teck’s operations – to be carbon neutral by 2050.

We have set out an initial roadmap to achieve carbon neutrality by first avoiding emissions and then eliminating or minimizing emissions. This will include looking at alternative ways of moving materials at our mines, using cleaner power sources, and implementing efficiency improvements, among other measures. 

Becoming carbon neutral by 2050 builds on our work to date in reducing emissions and advocating for climate policies. Since 2011, Teck has implemented projects and initiatives to reduce greenhouse gas (GHG) emissions at our operations by 289,000 tonnes, which is the equivalent to taking over 88,000 combustion engine cars off the road.

As a result of our work to date, Teck is now one of the lowest GHG emission-intensity miners in the world. According to data from the International Council of Mining and Metals (ICMM), our steelmaking coal and copper production rank among the lowest for carbon intensity compared to the global mining industry. Carbon intensity is a measure of the GHG emissions generated during production of a given unit of a commodity – eg: the amount of CO2 generated per tonne of copper or steelmaking coal produced.

Positioning Teck to Thrive in the Low Carbon Economy

Our approach to ensuring Teck remains competitive throughout the shift to a low-carbon economy is focused on ensuring our operations remain efficient and low cost, and having a diversified mix of products to enable us to respond to changing demand.

Meeting Changing Demand
As the world transitions to a low carbon economy there will naturally be shifts in demand for certain commodities – demand for those required for low-carbon technologies may increase while others may decrease. At Teck, our diversified mix of products all have a role to play in the low-carbon economy of the future. This puts us in a strong position to adapt to meet changing market demand. 

The minerals and metals we produce — including steelmaking coal, copper and zinc — are some of the basic building blocks of low-carbon technology and infrastructure.  We are also investing in the metals needed for the transition to a low-carbon economy by significantly increasing copper production through the construction of our Quebrada Blanca Phase 2 Project in Chile. Copper is an essential material for low-carbon technology, including electric vehicles and renewable power generation. 

Remaining Competitive
We are focused on continuing to reduce costs to ensure our mines remain efficient and low-cost. This gives us increased ability to weather potential carbon-related costs and shifts in demand, while remaining competitive. Cost reduction is also supporting carbon reduction at Teck. Measures to improve the efficiency of our operations often also lead to further reductions in the carbon intensity of our mining activities. 

 Advocating For Climate Action

We believe that all sectors of the economy must play a role in tackling the challenge of climate change. That is why Teck supports implementation of low-carbon technologies and advocates for measures that support society’s transition to a lower-carbon economy.

Teck is a signatory of the 2015 Paris Pledge, in support of the Paris Agreement on Climate Change. The Paris Agreement provides a global framework for action on climate change, and targets to hold the increase in the global average temperature to well below 2°C above pre-industrial levels. 

In 2020, we set an objective to be carbon neutral across all operations and activities by 2050. This objective demonstrates Teck’s support of the transition to a low-carbon economy and worldwide efforts to meet the goal of the Paris Agreement to limit global temperature increase. It also aligns with commitments by Canada and Chile – which are home to the majority of Teck’s operations – to be carbon neutral by 2050.

We are also actively advocating for policies that reduce emissions, including broad implementation of carbon pricing. We believe that broad-based pricing of carbon is one of the most effective ways to incentivize real reductions in GHG emissions by ensuring that all emitters contribute to the solution.

As part of this advocacy, Teck was the first Canadian resource company to join the Carbon Pricing Leadership Coalition, a partnership of national and sub-national governments, businesses, and organizations working toward integrating carbon pricing into the global economy. We are also a member of the Council for Clean Capitalism. 

Adapting To The Physical Impacts

Our primary focus is on taking action now to limit climate change by reducing emissions and advocating for climate action strategies; however, we recognize that ongoing changes to climate could pose a potential physical risk to our mining operations and related infrastructure, such as transportation systems. 

These risks could be in the form of increased temperatures, changes in precipitation, changes in freshwater levels or increases in extreme events, such as droughts, floods or storms.

In response, we are incorporating a range of climate parameters into our project designs and ongoing mine planning processes – including closure and reclamation planning – in order to ensure our sites remain resilient as the climate changes.

Portfolio Resilience in the Face of Climate Change

Portfolio Resilience in the Face of Climate Change
Our Portfolio Resilience in the Face of Climate Change report provides a detailed analysis of how Teck will continue to be competitive and create value in a low-carbon future, while also contributing to action on climate change.
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Our Climate Change Performance

16.8 Megawatts 

of alternative energy generation established by Teck

93 Percent 

of electricity use at our B.C. operations that comes from renewable energy sources

289 Kilotonnes  

of reductions in greenhouse gases from Teck operations since 2011

450 Kilotonnes  

of annual greenhouse gas reductions targeted for 2030

The Paris Pledge for Action

The Paris Pledge for Action

Teck has partnered with organizations worldwide to work together on the challenge of climate change. Teck is a signatory to the Paris Pledge for Action in support of reducing emissions and achieving the objectives of the Paris Agreement.

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Teck

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