Teck Announces 33% Carbon Reduction Target and Updated Sustainability Strategy
March 12 2020 - 12:00PM
Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK)
("Teck”) today announced a target to reduce carbon intensity by 33%
by 2030 as part of its new sustainability strategy and goals. This
builds on the Teck’s previously announced commitment to be carbon
neutral across all its operations and activities by 2050.
“At Teck, we are always challenging ourselves to improve
sustainability performance, so we can be sure we are providing the
mining products needed for a cleaner future in the most responsible
way possible,” said Don Lindsay, President and CEO. “We have set
ambitious new goals for carbon reduction, water stewardship, health
and safety, and other areas because we believe that a better world
is made possible through better mining.”
Teck’s sustainability strategy has been updated with new
long-term strategic priorities, supported by short-term milestone
goals. Highlights include:
|
|
Topic |
Goals |
Climate Change |
- Be a carbon neutral operator by 2050
- Reduce the carbon intensity of our operations by 33% by
2030
- Procure 50% of our electricity demands in Chile from clean
energy by 2020 and 100% by 2030
- Accelerate the adoption of zero-emissions alternatives for
transportation by displacing the equivalent of 1,000 internal
combustion engine vehicles by 2025
|
Water |
- Transition to seawater or low-quality water sources for all
operations in waste-scarce regions by 2040
- Implement innovative water management and water treatment
solutions to protect water quality downstream of all our
operations
|
Tailings |
- Preferentially consider milling and tailings technologies that
use less water for both new mines and any mine life extensions at
existing mines
|
Responsible Production |
- Work towards disposing zero industrial waste by 2040
- By 2025, develop and implement a responsible producer program
and “product passport” that is traceable through the value
chain
|
Biodiversity & Reclamation |
- By 2025, all operating sites have and are implementing plans to
secure net-positive impact on biodiversity
|
Health & Safety |
- Eliminate fatalities, serious injuries and occupational
disease
|
Our People |
- Increase the percentage of women working at Teck, including
women in leadership positions, and advance inclusion and diversity
initiatives across the company by 2025
|
Communities & Indigenous Peoples |
- 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
|
We will report progress against these and other goals as part of
our annual reporting.
“We established our first sustainability strategy and goals a
decade ago and are proud of our progress to date,” said Marcia
Smith, Senior Vice President, Sustainability and External Affairs.
“We know there is more work to do, and our updated strategy and new
milestone goals provide us with a clear roadmap to advance our work
to protect the environment, collaborate with communities and
governments, and foster a workforce that is respectful, safe,
inclusive and diverse.”
Teck also released the 2019 Sustainability Report today,
detailing our sustainability performance including:
- Reduced annual greenhouse gas emissions by 297,000 tonnes of
CO2e since 2011, the equivalent of taking 90,500 cars off the
road
- Released 2019 Portfolio Resilience in the Face of Climate
Change report aligned with the Task Force on Climate-related
Financial Disclosure (TCFD)
- Focused on strengthening diversity, with women now comprising
20% of our total workforce, a 43% increase since 2015. One in every
three new hires at Teck in 2019 were women
- $225 million spent with Indigenous-owned businesses in
2019
- Recycled and reused water an average of 3 times at our mining
operations
- Reduced Lost-Time Injury Frequency by 18% and High-Potential
Incident Frequency by 16% compared to 2018
In 2019, Teck was named to the Dow Jones Sustainability World
Index (DJSI) for the 10th consecutive year and was the top-ranked
mining company on both the World and North American Index for DJSI.
Teck is also one of the top ranked mining companies by
Sustainalytics and MSCI.
Teck was included in the 2019 Global 100 Most Sustainable
Corporations list by Corporate Knights and was named one of
Canada’s Top 100 Employers for 2019.Teck’s 2019 Sustainability
Report and Annual Report are available on the Teck website. Other
reports available from Teck include its Economic Contribution
Report and Portfolio Resilience in the Face of Climate Change
Report, available on our Disclosure Portal.
About TeckTeck is a diversified resource
company committed to responsible mining and mineral development
with major business units focused on copper, steelmaking coal, zinc
and energy. Headquartered in Vancouver, Canada, its shares are
listed on the Toronto Stock Exchange under the symbols TECK.A and
TECK.B and the New York Stock Exchange under the symbol TECK. Learn
more about Teck at www.teck.com or follow @TeckResources.
Teck Media Contact:Chris Stannell Public
Relations Manager604.699.4368chris.stannell@teck.com
Teck Investor Contact:Fraser PhillipsSenior
Vice President, Investor Relations and Strategic
Analysis604.699.4621fraser.phillips@teck.com
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