Teck has been listed as one of Canada’s best 50 corporate citizens in Canada for the 15th year in a row by a Toronto-based corporate research company, Corporate Knights.
Teck ranked 34th in Canada for 2020, up from 39th in 2019.
“Our commitment to being a positive corporate citizen is led by our employees who are dedicated to giving back to the communities where we operate,” said Don Lindsay, President and CEO of Teck.
“We are focused on making a positive difference locally and globally as we responsibly provide the metals and minerals that the world needs for the transition to a low-carbon future.”
In a release, Teck said it has set its own ambitious targets for sustainability such as being carbon neutral by 2050.
According to Corporate Knights criteria for finding the best corporate citizens, companies are evaluated on environmental, social and governance indicators such as board diversity, resource efficiency, financial management and clean revenue.
Their ranking is based on analysis of publicly-disclosed data, and companies that have a gross revenue of at least $1 billion are considered. They must be publicly traded, privately owned or crown corporations within Canada.
According to Corporate Knights, the list weighs heavily towards sustainability with clean revenues, clean investments, renewable energy, recycling of water, emissions and waste productivity considered along with the typical business metrics.
Among the miners in the 2020 list, Teck ranked 2nd of 5 in the top 50, having been bested by Yamana Gold, ranked 31st. Among companies sorted into the mining subcategory, Teck came in ahead of the Royal Canadian Mint (which produces Canada’s circulation coins), Agnico Eagle Mines (which primarily mines gold in Canada), and Iamgold (which also mines gold, but in Africa and Canada).
The top-ranked company was the Crown corporation and public utility, Hydro-Quebec.
READ MORE: Teck profits up, coal sales to China a priority
scott.tibballs@thefreepress.ca
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