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Vancouver, B.C. – For the 10th straight year, Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) has been named to the Dow Jones Sustainability World Index (DJSI), indicating that Teck’s sustainability practices are in the top 10 percent of the 2,500 largest companies in the S&P Global Broad Market Index (BMI).
“Sustainability is an important factor in every decision we make because being socially and environmentally responsible is foundational to our success and a part of who we are,” said Don Lindsay, President and CEO. “Our commitment to sustainability is led by our employees, who are focused on strengthening communities, protecting the environment, and contributing to a better world.”
Teck was the top-ranked mining company on both the World and North American Index based on an in-depth analysis of economic, social and environmental performance. Teck scored the highest in the industry in supply chain management, biodiversity, environment policy and management systems, operational eco-efficiency, corporate citizenship and philanthropy, human capital development, and social reporting.
“Our ability to operate in a socially and environmentally responsible way is foundational to our success as a business, and an important part of who we are as a company,” said Don . “That’s why at Teck we make sustainability a part of everything we do. Throughout 2018, we were able to advance our work in sustainability while at the same time achieving record revenues, record EBITDA and record annual profit.”
Dow Jones contracts RobecoSAM, an investment specialist focused on sustainability investing, to compile the DJSI. The DJSI tracks the performance of global sustainability leaders, through an annual assessment of the world’s 2,500 largest public companies. Among other factors, it measures management practices surrounding economic, environmental and social criteria. Click here for more information on the DJSI.
Teck was also named one of the Global 100 Most Sustainable Corporations and one of the Best 50 Corporate Citizens by Corporate Knights in 2019. Sustainalytics ranks Teck second in its Diversified Metals and Mining category. Teck is also currently listed on the Bloomberg Gender Equality Index, Euronext Vigeo World 120 Index, Jantzi Social Index, MSCI Global Sustainability Index Series and FTSE4Good Index.
Teck’s sustainability strategy sets short-term goals to 2020 and long-term goals to 2030 in six focus areas representing the most significant sustainability issues and opportunities facing the company: Community, Water, Our People, Biodiversity, Energy and Climate Change, and Air. Its focus area is then a topic that has a material impact on its business and communities of interest, represents an area of significant opportunity and/or risk, and requires company-wide focus and engagement.
“Our sustainability strategy has helped to strengthen our performance across key areas such as greenhouse gas reductions, water stewardship, and biodiversity. We are on target to achieve our 2020 sustainability goals and also working to set new goals to guide our approach in the decade ahead,” said Marcia Smith, Senior Vice President, Sustainability and External Affairs.
In 2018, Teck was named to the Dow Jones Sustainability World Index (DJSI) for the ninth consecutive year as well as the FTSE4Good Index, Euronext Vigeo World 120 Index, Bloomberg Gender Equality Index, and the Corporate Knights Best 50 Corporate Citizens in Canada list for the 12th straight year. Teck was also named to the 2019 Global 100 Most Sustainable Corporations list by Corporate Knights, 2019 Canada’s Top 100 Employers, and received the 2018 Ethical Corporation Responsible Business Award for Inclusion and Diversity.
The 2018 sustainability performance included:
- Focused on strengthening diversity, with women making up 26% of new hires in 2018; women now comprise 18% of its total workforce, 20% of senior management and 29% of the Board of Directors.
- Reduced Lost-Time Injury Frequency by 21% and High-Potential Incident.
- Frequency by 28% compared to 2017
Two fatalities at its Fording River and Elkview operations. The company carried out in-depth investigations to learn as much as possible and to implement measures to prevent a reoccurrence. - Achieved agreements with all Indigenous communities near its Quebrada Blanca Phase 2 project in Chile.
- $209 million spent with Indigenous-owned businesses across its operations, a 47% increase since 2015.
- Made $22 million in direct community investments.
- Annual third party inspections of all tailings facilities conducted which confirmed they are safe and secure, and carried out comprehensive Tailings Governance Reviews of eight facilities.
- Achieved annual greenhouse gas emission reductions of 289 kilotonnes of CO2e since 2011.
- Recycled and reused water an average of three times at our mining operations.
- Set new targets to reduce the consumption of fresh water at our Chilean operations by 15% by 2020 and to achieve zero significant water-related incidents each year.
Teck has also been named one of the Best 50 Corporate Citizens by Corporate Knights for the past 12 years and has been named to the Dow Jones Sustainability World Index (DJSI) for the last nine years.
About Teck
Teck 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