Teck Resources Limited.
TECK.US | Mining of iron ores
Teck Resources Limited is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, zinc, steelmaking coal, and energy. Headquartered in Vancouver, Canada, Teck has operations and projects in Canada, the United States, Chile, ...Show More
Better Health for All
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Teck Resources Limited reported two fatalities in 2024: one occupational disease fatality linked to past employment at a Teck-controlled asset
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and one fatality at a joint venture mine
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. The company also saw a significant increase in injury frequencies, with Lost-Time Disabling Injury Frequency up 84%
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and Total Recordable Injury Frequency (TRIF) up 44%
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in 2024
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. While Teck's core business includes steelmaking coal and energy, which have negative health impacts, it also makes significant positive health contributions through its copper (reducing HAIs by ~20%)
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and zinc (addressing deficiency for >140 million people)
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programs. Zinc treatment costs less than $0.50
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, making it highly accessible
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. Teck demonstrates industry-leading risk transparency with public reporting of over 60 data sets
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and an ISO 31000-aligned risk management framework
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. The company supports healthcare workforce capacity by training 95,000 community health workers
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and 85,000 mothers and caregivers
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through its Zinc & Health program
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. Teck provides comprehensive mental health programs for employees and their families, including training for over 800 front-line leaders
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and an Employee and Family Assistance Program
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. Additionally, Teck invests in health education, funding digital programs on copper's benefits
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and training farmers on zinc and nutrition
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. Teck's products do not have addiction potential, and it does not produce food products.
Fair Money & Economic Opportunity
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Teck Resources Limited is a diversified resource company focused on mining and mineral development, not financial services. As such, the company does not offer lending, deposit, or other consumer financial products. Consequently, all KPIs related to fair money and economic opportunity, such as underserved client share, pricing fairness, exploitative fee exposure, inclusion initiatives, data accessibility, fair lending compliance, wealth building outcomes, financial literacy initiatives, debt burden ratio, geographic inclusion, and product simplicity, are not applicable to its core business model. While Teck donates approximately 1% of its annual pre-tax earnings on a five-year rolling average to general community investment
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and supports Indigenous students through bursaries
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, this is not categorized as 'community finance' or direct financial services within the scope of the rubric's definitions.
Fair Pay & Worker Respect
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The company had six substantiated labor-law or safety violations between 2022 and 2025.
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These include a $140,000 fine in January 2022 for a 2019 explosion that caused life-altering injuries due to inadequate training,
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two workplace safety violations in 2024,
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one in 2023,
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one in 2025,
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and one railroad safety violation in 2022.
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For Teck Metals Ltd. in British Columbia in 2024, women's median hourly wages were 9% less than men's, resulting in a pay equity ratio of 0.91:1.
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In 2023, the CEO-to-median employee pay ratio was 94:1.
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Also in 2023, 53% of the workforce was unionized across eight operations in Canada, Chile, and Peru.
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The voluntary employee turnover rate was 7.3% in 2023.
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Fair Trade & Ethical Sourcing
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Teck Resources Limited directed 31.9% of its total procurement spending to local suppliers in 2024
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, and 7% of its total spend to Indigenous businesses in 2022, 2023, and 2024
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. The company reported zero substantiated forced or child labor findings in its operations or supply chain for the financial years ending December 31, 2023
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, and December 31, 2024
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, covering the last three years. Human rights risk assessments are conducted every 3-5 years at operating sites
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, and various external and internal audits, including Copper Mark, ICMM, ISO, and TSM, are on a 3-year cycle
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. Teck's Expectations for Suppliers and Contractors, which include human rights and labor requirements, are included in contracts
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. A germanium blockchain pilot study was completed in 2022 to digitally track shipments from mine to customer
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.
Honest & Fair Business
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No specific, quantitative data points were found in the provided articles to assess Teck Resources Limited against any of the 'Honest & Fair Business' KPIs. The articles either provide general information about governance practices without specific metrics
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, link to historical filings that are explicitly stated as not current
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,
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, or discuss other companies and general industry trends
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. Therefore, no KPIs can be scored based on the provided evidence.
Kind to Animals
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The provided articles for Teck Resources Limited focus extensively on the company's environmental and biodiversity conservation efforts, including goals to become nature positive
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, specific hectares protected or donated for conservation
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,
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, and financial contributions to conservation funds
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,
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. However, the rubric for 'Kind to Animals' explicitly states that it 'Does not rate environmental impacts unrelated to animal welfare... or general conservation efforts that don't specifically address animal welfare or habitat preservation.' The articles do not contain specific, quantifiable data points required by the rubric for any of the 'Kind to Animals' KPIs, such as cruelty-free certifications, animal testing, humane certifications for animal operations, ethical sourcing of animal-derived ingredients, supplier audits for animal welfare, cage-free sourcing, or investment in animal-free alternatives. While conservation efforts relate to wildlife, the 'wildlife_conservation_impact' KPI requires a percentage of revenue invested, which is not provided. Similarly, 'public_policy_engagement' evidence relates to environmental and biodiversity protocols
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, not specific animal welfare policy advocacy as defined by the rubric.
No War, No Weapons
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Teck conducts Human Rights Risk Assessments (HRRAs) every three years in high-risk jurisdictions.
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The company is an adopter of the United Nations Guiding Principles (UNGPs) on Business and Human Rights
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and uses the UN Guiding Principles Reporting Framework to report on human rights.
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Teck completed the implementation of related procedures and training under its Human Rights Policy in 2024
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and seeks independent verification on human rights due diligence activities at least once annually.
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Planet-Friendly Business
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Teck has faced multiple environmental compliance issues, including 5 charges under the Fisheries Act in 2024
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, a $429,794 penalty for hazardous waste violations in 2024
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, and prior fines of $2.2 million
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, over $16 million
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, and $60 million
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for various environmental infractions. The company reported total Scope 1, 2, and 3 greenhouse gas emissions of 5,086 kilotonnes CO2e in 2024
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. Teck did not use carbon offsets for the 2024 period
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. The company has not explicitly stated that its carbon reduction targets are SBTi-validated. In 2024, approximately 49% of Teck's total energy requirements were supplied by renewable sources
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. Teck conducted 1 environmental impact assessment in 2024. The company published its 2024 Climate Change and Nature Report, which is aligned with TCFD recommendations
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. Teck incorporates climate scenario planning into project designs and mine closure planning, having updated its approach in 2024
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and undertaken analysis using three scenarios
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. Teck protects 40% of its current mining footprint
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. The company has an established $10 million Indigenous Stewardship Fund
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and provided $10.5 million to support Indigenous Peoples
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.
Respect for Cultures & Communities
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Teck had 85 active agreements with Indigenous Peoples in 2024.
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In the same year, 95% of assigned employees completed Indigenous Cultural Awareness Training.
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In 2024, 62.6% of employees were considered local, and 31.9% of total procurement spending was with local suppliers.
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In 2023, Teck invested 1.16% of its average annual earnings before tax in community development.
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All operations, major projects, and most exploration projects have implemented feedback mechanisms for community concerns.
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Teck established a Cultural Heritage Program in 2016, with over 70 personnel, and has explored archaeological records since the early 1980s.
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Indigenous-led assessments, incorporating Indigenous knowledge, were prepared by four Indigenous Governments and Organizations for environmental assessment applications.
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Teck has company-wide criteria for identifying, reporting, and evaluating community incidents, and a corrective action plan was developed and implemented in consultation with residents for a significant community incident in 2023.
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Safe & Smart Tech
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Teck has implemented safeguards and a third-party security management program to prevent unauthorized access and data theft
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, with no documented incidents of unauthorized data use.
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Users have rights to access, correct, and request deletion of personal information
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, can withdraw consent
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, and for California residents, opt out of data sale and sharing
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, in addition to managing cookie preferences.
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The company's privacy notice explicitly addresses compliance with Canadian law, GDPR, UK GDPR, and California privacy laws (CCPA).
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Teck states it collects personal information with consent
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and retains it only as long as reasonably necessary.
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Employees are required to complete cybersecurity awareness training during onboarding
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, and regular phishing simulation campaigns are conducted to measure training effectiveness.
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Zero Waste & Sustainable Products
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Teck has a company-wide target to achieve zero industrial waste by 2040.
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By 2025, the company plans to establish site-based industrial waste inventories and set waste reduction goals.
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