Teck Resources Limited

InfluenceMap Score
for Climate Policy Engagement
Performance Band
Organization Score
Relationship Score
Metals & Mining
Vancouver, Canada
Official Web Site:

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.

Strength of Relationship

How to Read our Relationship Score Map

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.