Teck strives to work with suppliers and business partners who share our core values and demonstrate a commitment to business ethics, health, safety and the environment, and human rights.
We rely on an international network of suppliers to provide the products, materials and goods needed to support our operations. These include mining equipment and spare parts, tires, fuel and lubricants, explosives, electricity, operating materials and consumables, and chemicals for processing.
All suppliers are required to follow our Expectations for Suppliers and Contractors, which builds on our Code of Ethics, our Anti-Bribery and Corruption Compliance Policy and Interpretation Guide, our Code of Sustainable Conduct, our Indigenous Peoples Policy and our Human Rights Policy.
The qualification of all suppliers involves examining whether a supplier meets or exceeds our minimum standards as a condition to supplying products and services to Teck. This screens out the suppliers who are unable or unwilling to meet our requirements as outlined in our Expectations for Suppliers and Contractors.
Where possible, we work to maximize the positive impacts of mining, including local and Indigenous procurement. In 2023, 53 per cent of procurement spend was with local suppliers, and approximately $388 million was spent with suppliers who self-identified as Indigenous.
