Teck has been named for the fourth year in a row to a global 100 list recognizing sustainable corporations from the media and research company, Corporate Knights.
A Jan. 19 article from Corporate Knights writer, Mike Scott, includes the full list, and explains why Teck was selected.
“Canadian mining firm Teck Resources agreed to pay the highest pollution fines ever given out by Fisheries and Oceans Canada in 2021 as a settlement for selenium releases at its metallurgical coal operations; nonetheless, the company sits in 74th spot because of its top-quartile performance on clean revenue and investment in clean economy minerals such as copper and zinc, as well as pension fund quality and boardroom racial diversity,” Scott wrote.
The 100 world companies are selected from over 6,900 publicly-traded companies with more than $1 billion (US dollars) in revenues, reads a press release from Teck.
“Companies were evaluated based on a rigorous assessment including sector-specific sustainability metrics, such as clean revenue percentage, water, energy and GHG productivity, and safety performance, as well as board and executive diversity,” it says.
Teck received a C overall score, sitting at the 74th place on the list for 2022. In 2021, they sat in the 91st place.
“Teck is committed to providing essential resources the world is counting on to make life better, while caring for people, communities and the environment. Our employees are passionate about sustainability and this recognition is the direct result of their hard work and dedication,” said Teck president and CEO, Don Lindsay.
“Teck has also been named one of the Best 50 Corporate Citizens by Corporate Knights for 2021. Teck is ranked #1 in the Metals and Mining industry on the S&P Dow Jones Sustainability World Index (DJSI), Sustainalytics and Vigeo Eiris, and is ranked AA by MSCI for ESG performance. Teck is currently listed on sustainability indices such as the MSCI World ESG Leaders Index, FTSE4Good Index and Jantzi Social Index,” the press release says.