Compensation and climate change
We integrate climate change performance into executive compensation across several areas. Additionally, sustainability performance, which includes climate change, is tied to approximately 10%–20% of bonuses across the organization.
Capital allocation and climate change
We are committed to reducing greenhouse gas emissions at our operations and throughout our value chain, and we will do this by integrating climate change considerations into how we allocate capital investment. To help meet our greenhouse gas emissions reduction goals and other strategic priorities, we are enhancing our Capital Allocations Framework to include our climate action strategy.
We draw on a broad range of experts to consider all relevant climate-related risks, including regulations, legal considerations, physical risks—and more.
Learn more about Teck’s approach to risk management.
Data and Management Approach
Download our Data and Management Approach.
We believe action must be taken across all areas of society and the economy to address climate change. To do our part, we actively engage with governments and industry associations to affect policies. We also support the Paris Agreement and the Carbon Pricing Leadership Coalition, which works to integrate a carbon tax system that levels the playing field between jurisdictions by creating an incentive to attain lower emissions.
Since 2008, we have advocated for carbon pricing policies. The majority of our business is already covered by a carbon price, while many of our competitors do not currently pay carbon costs. This makes us better positioned to minimize future carbon cost increases when compared to our peers.
Learn more about carbon costs at Teck.