We have expanded the list of climate policies we assess company engagement with to incorporate land-use related policy, referring to legislative or regulatory measures to enhance and protect ecosystems and land where carbon is being stored. Assessments under this category are currently underweighted in terms of their contribution to the overall company metrics. This weighting will be progressively increased over the next 6 months.
We adjusted the terminology used to describe the queries running down the left-hand side of our scoring matrix and added additional explanatory text to the info-boxes. This has no impact on the scores and methodology. It has been done following user feedback to improve clarity.
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Teck Resources is a member of the board and executive committee of the Mining Association of Canada. Amber Johnston-Billings represents the company (MAC website, up-to-date December 2022)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Teck Resources Limited is a member of the Mining Association of Canada
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Teck Resources is a member of the board and executive committee of the Mining Association of Canada. Amber Johnston-Billings represents the company (MAC website, up-to-date December 2022)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Teck Resources Limited is a member of the Mining Association of Canada
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Teck is a co-chair of the Chamber's Critical Minerals Council (correct as of December 2022)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Teck is a co-chair of the Chamber's Critical Minerals Council (correct as of December 2022)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Teck Resources Limited is a member of the US Chamber of Commerce, however the relationship score has been reduced as the company's industry association review has found the group to be partially-misaligned with it on climate, and the company is seeking to resolve this issue (as of December 2022)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Teck Resources Limited is a member of the US Chamber of Commerce, however the relationship score has been reduced as the company's industry association review has found the group to be partially-misaligned with it on climate, and the company is seeking to resolve this issue (as of December 2022)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Teck Resources is a direct member of the National Mining Association.The relationship score has been reduced as the company's industry association review has found the industry association to be misaligned with it on climate and the company is seeking to resolve this issue (Teck Industry Association Review 2021-22, up-to-date December 2022)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Subsidiary of Teck is a member of NMA (as of April 2022)
not specified
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Teck Resources is a direct member of the National Mining Association.The relationship score has been reduced as the company's industry association review has found the industry association to be misaligned with it on climate and the company is seeking to resolve this issue (Teck Industry Association Review 2021-22, up-to-date December 2022)
not specified
--no extract--
InfluenceMap Data Point on Corporate - Influencer Relationship
(1 = weak, 10 = strong)
Subsidiary of Teck is a member of NMA (as of April 2022)
not specified
In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.
Open PDF file of Data Source
Climate Lobbying Overview: Teck Resources Limited (Teck) appears supportive of ambitious action on climate change in its top-line messaging, but has mixed engagement on climate regulations in Canada. The company also still appears to support a sustained role for fossil fuels in the energy mix.
Top-line Messaging on Climate Policy: Teck’s top-line messaging on climate change is broadly positive. In its 2022 Sustainability report, published March 2023, Teck appeared to support the need to limit global temperature increase to 1.5°C in line with IPCC guidance. In the same report, the company also expressed support for achieving net-zero greenhouse gas emissions by 2050. In the same report, Teck appeared supportive of carbon pricing, but qualified this support by stating that it should “maintain the global competitiveness of trade-exposed industries to prevent carbon leakage”. The company did however support policy intervention to price carbon into the Canadian economy in a May 2022 brief to the Canadian House of Commons.
Engagement with Climate-Related Regulations: Teck appears to have mixed engagement with climate-related regulations in Canada, and its transparent engagement on specific regulations in 2022-23 is limited. In its 2021 CDP response, the company appeared to support some Canadian climate regulations, including a Clean Fuel Standard, Canada's federal climate plan, and Bill C-12 which formalized Canada's net-zero by 2050 goal. However, the company has engaged negatively on a carbon tax in Canada. In its 2022 Sustainability report, published March 2023, Teck stated that it engaged with both federal and state governments in Canada on carbon tax to address the protection of the competitiveness of emissions-intensive, trade-exposed (EITE) industries.
Positioning on Energy Transition: Teck appears to limit its engagement on the energy transition to top-line statements. For example, the company supported the transition to a low-carbon economy and the decarbonization of the mining sector in its 2022 Sustainability Report, published March 2023. However, Teck also appeared to support policy to transition to a low-carbon economy while emphasizing that the competitiveness of Canadian EITE sectors should be maintained in its 2022 Sustainability report.
Further, in its July 2021 Climate Change Outlook Report the company also does not appear to support the near-term implementation of green hydrogen into the energy mix, stating that “the technological hurdles associated with producing low-cost hydrogen make near-term adoption highly unlikely”. Relatedly, on its corporate website, accessed March 2023, the company suggested that carbon capture, utilization, and storage can be used to decarbonize the steelmaking industry without referencing a need to transition away from carbon-intensive production methods.
Industry Association Governance: Teck Resources Limited published an Industry Association Review in April 2022. The review disclosed the top-line positions of its industry associations on climate policy, and the company’s involvement within the associations. The review found the National Mining Association to be “Not Aligned” with the Paris Agreement. It also found the US Chamber of Commerce to be “Partially Aligned”. While Teck disclosed actions it would take to address these cases of misalignment, the company remains a member of both associations, and they continued to engage negatively on US climate policy. The company is also a member of the Mining Association of Canada, which engages on climate change with mixed positions.
InfluenceMap collects and assesses evidence of corporate climate policy engagement on a weekly basis, depending on the availability of information from each specific data source (for more information see our methodology). While this analysis flows through to the company’s scores each week, the summary above is updated periodically. This summary was last updated in Q2 2023.
A detailed assessment of the company's corporate review on climate policy engagement can be found on InfluenceMap's CA100+ Investor Hub here.