Teck wins Award of Excellence in Sustainability Reporting

Teck has distinguished itself as a Canadian leader in sustainability reporting with high-quality disclosure of the progress and evolution of its sustainability strategy.

Teck’s 2016 report clearly described how its sustainability strategy was linked to its business objectives and approach to doing business. The company discussed how the strategy had evolved and the role stakeholders have played in the process. 

Teck followed Global Reporting Initiative (GRI) Standards to describe the materiality process and how they engage with stakeholders. It disclosed a full materiality matrix which included:

  • topics of prioritization
  • trends over time
  • performance summaries and key indicators
  • key issue areas mapped to the United Nations Sustainable Development Goals

Teck took a full value chain approach to understanding its sustainability impact and disclosed challenges. A diagram of inputs and outputs of the mining lifecycle provided valuable information.

The report included extensive coverage of how the company’s governance structures related to sustainability and demonstrated leading practice by describing board oversight, senior leadership responsibilities and day-to-day management of sustainability. A section of its website was dedicated to how sustainability relates to executive and employee remuneration.

For more information, see the 2017 Judges’ Book.