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Climate Change and Energy Use

Energy use and efficiency initiatives, climate change-related risks, carbon pricing and greenhouse gas emissions, climate policies and regulations.

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Climate Change and Energy Use

Global imperatives to reduce emissions, adapt to the effects of climate change and transition to a low-carbon economy continue to intensify. 2019 saw numerous climate-related extreme weather events around the world and over six million people participating in climate demonstrations across 150 countries.1,2在回应中,政府和公司正在采取前所未有的行动和承诺。

To achieve the objectives of UN Sustainable Development Goal 13 on climate action and the Paris Agreement, which commits governments to limiting global temperature rise to well below 2°C, a number of major mining jurisdictions, including Canada and Chile, have made climate change commitments and are reporting on their progress towards implementing them.3

在Teck,我们认识到气候变化是一个关键的全球风险,即它直接受到人类活动的影响,并且需要决定性的全球行动。未能采取行动将使世界暴露于气候变化的影响,这将是全球生态系统和整体社会的昂贵的。我们是巴黎行动的签署行动,并认为我们有责任通过减少我们运营的排放,倡导有效的气候政策和负责任地生产对构建技术至关重要的金属,矿物质和能源来帮助解决这一全球挑战和过渡到低碳经济所需的基础设施。

The copper, lead, zinc and steelmaking coal produced at our operations are among the lowest carbon intensity products in the world compared to our peers and we are building on that track record in how we approach our oil sands developments. For example, the paraffinic froth treatment used at our Fort Hills oil sands mine has about half the upstream GHG intensity of older oil sands mining operations.4Building on this track record, we set new goals in climate change, with a new strategic priority to be a carbon neutral operator by 2050.

我们的responsibility to address climate change also includes accounting for climate-related risks and opportunities in our business strategies and at our operations. In August 2019, we released our secondPortfolio Resilience in the Face of ClimateChange report, which outlines the potential implications of three climate-related scenarios for our business looking forward to 2040, ranging from a scenario that limits climate change to 2° Celsius (C) above pre-industrial levels to scenarios with more significant climate change in that time frame.


我们的Approach to Climate Change and Energy Use

在皇后,我们认为气候变化是一个关键的global risk, that it is directly influenced by human activity and that it requires decisive global action. Failure to act will expose the world to climate change impacts that will be costly for global ecosystems and for society as a whole. We believe we have a responsibility to help address this global challenge by reducing emissions at our operations and by sustainably producing the metals, minerals and energy that are essential for building the technologies and infrastructure needed to transition to a low-carbon economy.

We understand that investors, lenders and other users of climate-related financial disclosures are interested in understanding the role an organization’s board plays in overseeing climate-related issues, as well as management’s role in assessing and managing those issues. We work to ensure that climate-related issues receive appropriate Board and management attention — our Board and senior management consider climate-related issues and risks in strategic planning across our business units. Teck’s climate-related disclosures are reviewed using similar governance processes and disclosure procedures as those used for financial disclosures.

Teck的董事会为所有战略事项提供监督,包括与气候变化有关的风险和机会。董事会已建立由董事会成员主持的安全和可持续发展委员会。通过SSC,董事会审查和监测环境绩效,并审议了公司级战略和资本投资决策中的气候相关问题。委员会季度举行并报告公司董事会。

健康、安全、环境和社区(HSEC) Risk Management Committee, chaired by our CEO, consists of corporate officers and senior managers who establish priorities and direction for environmental programs, and who monitor results. During both Safety and Sustainability Committee and HSEC Risk Management Committee meetings, specific issues related to energy and climate change management may be raised as individual items.

Climate-related risks and opportunities are identified using risk management tools internal to Teck, and rely on both internal and external expertise on climate change. These risks and opportunities are then prioritized based on their likelihood and severity of impact on our business, and are considered in our overall strategic planning.

The following senior leaders are involved in implementing the management of energy and greenhouse gas (GHG) emissions:

  • The Senior Vice President, Sustainability and External Affairs reports directly to our CEO and is responsible for sustainability, health and safety, environment and community affairs, including our climate action strategy
  • The Vice President, Environment oversees compliance with environmental standards for projects, operations and our legacy properties, and regularly reviews environmental performance risks and strategic issues, including our climate action strategy
  • The Vice President, Community and Government Relations is involved in engaging provincial and federal governments on climate policy
  • The Manager of Sustainability & Climate Change coordinates the risk and opportunity management for climate-related risks and the implementation of our climate action strategy and energy and GHG reduction goals

我们的commitment to efficient energy and climate change management is outlined in ourPortfolio Resilience in the Face of Climate Changereport, which includes scenario analysis, as well as in oursustainability strategy.我们的Code of Sustainable Conductdescribes our commitment to promote the efficient use of energy and material resources in all aspects of our business, and outlines our support of sustainable development and willingness to accept our obligation to constantly improve our methods of extracting the world’s resources to the benefit of our stakeholders. Our HSEC Management Standards stipulate that all of Teck’s major capital projects will include the identification and evaluation of opportunities for improving energy efficiency.

我们与各种当地,国家和国际组织和计划合作,以支持气候行动:

  • CDP: We annually report our global GHG emissions data to the CDP, an independent not-for-profit organization working to drive GHG emissions reduction by businesses and cities
  • GHG Protocol for Calculating Emissions: Our energy and carbon accounting practices follow these rigorous standards from the World Resources Institute and the World Business Council for Sustainable Development
  • The Paris Pledge for Action: Teck is a signatory to the Paris Pledge for Action in support of reducing emissions and achieving the objectives of the Paris Agreement
  • Carbon Pricing Leadership Coalition: A partnership of national and sub-national governments, businesses and organizations working toward integrating carbon pricing into the global economy
  • Council for Clean Capitalism:一群前瞻性思维公司共同努力,确保充足的融资和透明度,以平稳我们的过渡到低碳经济
  • Canada’s Oil Sands Innovation Alliance (COSIA): An alliance of oil sands producers focused on accelerating improvement in environmental performance in Canada’s oil sands through collaborative action and innovation
  • Climate Solutions and Clean Growth Advisory Council: This council provides strategic advice to government on climate action and clean economic growth; Teck’s Senior Vice President, Sustainability and External Affairs is currently a council co-chair

我们的strategy to contribute to global climate action, to adapt to a low-carbon economy and to continue to responsibly produce the materials essential for society is built around four pillars:

  1. Positioning Teck for the low-carbon economy
  2. Reducing our carbon footprint
  3. 支持适当的碳定价政策
  4. 适应身体影响

定位低碳经济

The minerals and metals we produce — including steelmaking coal, copper and zinc — are some of the basic building blocks of low-carbon technology and infrastructure. We are developing a cost- and carbon-competitive energy business, based in Alberta, Canada, which is home to some of the most progressive climate action policies of any oil-producing jurisdiction globally. One of these projects, Fort Hills, will have one of the lowest carbon intensities among North American oil sands producers.

我们的approach to ensuring Teck remains competitive throughout the shift to a low-carbon economy also focuses on ensuring our operations remain efficient and low cost. This gives us increased ability to weather potential carbon-related costs and shifts in demand while remaining competitive.

碳强度是在生产商品的给定单元的生产过程中产生的温室气体排放量,例如二氧化碳量(CO2) generated per tonne of copper or steelmaking coal produced. According to the ICMM, at 60 kilograms of CO2-equivalent per tonne of steelmaking coal produced, the emissions intensity of our steelmaking coal is less than half the industry average of more than 150 kilograms.

Similarly, our copper production averages 2.6 tonnes of CO2- 每吨生产的铜等量,低于行业平均值4吨的35%。前进,我们的目标是继续提高我们运营和未来项目的碳强度。作为我们在2020年的可持续发展战略更新的一部分,我们设定了雄心勃勃的新目标,以减少我们的排放,包括到2050年碳中性运营商。下面包括进一步的细节。

Low-Carbon Energy

Each of Teck’s operations has an Energy Lead and when sites find opportunities to optimize energy use, these strategies are shared across sites to continuously work to lower our total energy consumption.

Many of our operations access low-carbon sources of electricity. For example, for our B.C. operations, 92% of grid electricity is renewable and almost entirely generated from hydro. Trail Operations’ electricity, which accounts for 44% of our company’s total electricity consumption, is from the Waneta hydroelectric dam and transmission system. This enables Trail Operations to produce refined zinc and lead at a lower GHG intensity, compared to producers powered by fossil fuel-based electricity grids.

We are making progress on decarbonizing our operations in Chile. At our Quebrada Blanca Operations, we are currently sourcing 30% of our total energy needs from solar power, and in 2020, we entered into a long-term power purchase agreement for our Quebrada Blanca Phase 2 project. Once effective, more than 50% of total operating power needs at Quebrada Blanca Phase 2 are expected to be from renewable sources.

Teck is exploring additional opportunities for solar, wind and other low-carbon technologies across our portfolio. In 2020, we purchased SunMine, a 1.05 MW (megawatt) solar facility, which is located on fully reclaimed land at Teck’s former Sullivan Mine site.

As we work towards our long-term commitment towards carbon neutrality, we will continue to gain expertise in renewables and prioritize technologies that provide other sustainability benefits such as for local communities.

Teck advocates for broad-based carbon pricing and we build carbon pricing into our business planning, capital planning and risk-decision processes. Currently, all of our steelmaking coal operations are covered by carbon pricing, as is half of our copper business and all of our metals refining business. Where a clear and certain carbon price is present, we incorporate that price into our planning, along with any known or planned changes to the carbon price.

We continue to advocate for carbon pricing policies that maintain the global competitiveness of trade-exposed industries to prevent carbon leakage, which is when GHG emissions move from one jurisdiction to another as a result of differences in carbon prices.

Adapting to Physical Impacts

We are taking steps to guard against the future impacts of climate change. The physical risks of climate change to our activities can include rising sea levels, rising temperatures and changes in precipitation. They can result in the increased intensity and duration of extreme weather events such as storms, drought and flooding. Consequently, we integrate climate variables (e.g., precipitation, temperature, water runoff) into our project designs and ongoing mine planning processes — including closure and reclamation planning.

We work with technical experts in the field of climate modelling and forecasting to better understand potential changes in climate-related conditions in the regions where we operate. This helps us to assess how climate change modelling can be integrated into our decision-making and risk management practices. We typically take climate change into consideration in project development, mine planning and closure planning.

We are taking steps to guard against the future impacts of climate change. The physical risks of climate change to our activities can include rising sea levels, rising temperatures and changes in precipitation. They can result in the increased intensity and duration of extreme weather events such as storms, drought and flooding. Consequently, we integrate climate variables (e.g., precipitation, temperature, water runoff) into our project designs and ongoing mine planning processes — including closure and reclamation planning.

We work with technical experts in the field of climate modelling and forecasting to better understand potential changes in climate-related conditions in the regions where we operate. This helps us to assess how climate change modelling can be integrated into our decision-making and risk management practices. We typically take climate change into consideration in project development, mine planning and closure planning.

The Task Force on Climate-Related Financial Disclosures (TCFD) made recommendations in 2017 for how companies can improve climate-related public disclosure.5Teck'sPortfolio Resilience in the Face of Climate Changereport is structured to align with the TCFD’s recommendations.

Building on our existing climate-related work and disclosures, Teck has analyzed and disclosed the potential implications of various climate-related scenarios for our business, including a scenario that limits climate change to 2° Celsius above pre-industrial levels. The use of scenarios aids our decision-making and strategic planning. We will build on our report in future years to continue to clearly communicate Teck’s approach to climate action and our potential climate-related risks and opportunities.

我们的sustainability strategy outlines our goals in relation to continuously improving our energy use and emissions at our operations. In 2019, we conducted broad engagement with employees and external stakeholders to identify and prioritize global trends and issues and set a new sustainability strategy, including new goals in energy and climate change.

Strategic Priority:

  • Be a carbon-neutral operator by 2050

Goals:

  • 到2030年将我们运营的碳强度降低33%
  • 从2025年,从清洁能源促进智利的50%的电力需求到2010年和100%
  • Accelerate the adoption of zero-emissions alternatives for transportation by displacing the equivalent of 1,000 internal combustion engine (ICE) vehicles by 2025

我们的focus in 2020 will be on making progress towards our new goals and concluding final steps on the 2020 energy and climate change goals within our previous sustainability strategy.

By the end of 2020, we will:

  • Implement projects that reduce energy consumption by 2,500 terajoules (TJ).
  • Implement projects that reduce GHG emissions by 275 kilotonnes (kt) of CO2-equivalent. This goal was completed in 2018.
  • Assess opportunities and identify potential project partners toward achieving our 2030 alternative energy goals
  • Engage with governments to advocate for effective and efficient carbon pricing

For more information on our existing and new sustainability strategy goals, seethe Sustainability Strategy section of our website.

Type

Organization

Items Reviewed

External

加拿大采购协会:迈向可持续采矿保证

  • Energy use and GHG emissions management systems

  • Energy use and GHG emissions reporting systems

  • Energy use and GHG emissions performance targets

External

国际矿业和金属协会:Sustainability Report assurance

  • GHG emissions — direct scope 1

  • GHG emissions — indirect scope 2

  • GHG emissions — indirect scope 3 (use of sold products)

  • 原则6:追求环境绩效问题的持续改进,如水管理,能源使用和气候变化

External

GHG Regulation Assurance (B.C. and Alberta)

  • 报告的温室气体数据的验证和量化方法

External

ISO 14001 external audits

  • 每个网站的环境管理系统的组成部分

内部的

ISO 14001内部审计

  • 每个网站的环境管理系统的组成部分

内部的

Risk-based Health, Safety and Environment audits at each site

  • Adherence to regulatory and permit requirements
  • Effectiveness of controls based on risk profile

Following each of these types of assurance, applicable management teams use the results to inform future actions and Teck’s five-year planning process.

我们向这些指标的表现报告,我们对我们的能源消费和温室气体排放的进展情况每年在我们的年度依据sustainability report. Also see ourPortfolio Resilience in the Face of Climate Changereport for information on our climate change strategy, how we analyze climate-related risks and opportunities, and analyses of various climate scenarios and their implications for Teck.

我们的Performance in Climate Change and Energy Use in 2019

Reducing Our Carbon Footprint

Throughout our business units, operations and project planning stages, we assess a full spectrum of environmental risks, including those associated with energy use and GHG emissions. As shown in Figure 9, Scope 1 (direct) GHG emissions are those that occur from energy sources that are owned or controlled by the company. Scope 2 (indirect) GHG emissions are those that occur from the generation of purchased electricity consumed by the company and physically occur at the facility where electricity is generated.

In 2019, our total GHG emissions (Scope 1 and Scope 2), as CO2e, were 3,226 kilotonnes (kt), compared to 3,210 kt in 2018. Of those totals, our direct (Scope 1) GHG emissions were 2,936kt in 2019, compared to 2,869 kt in 2018. We estimate our indirect (Scope 2) GHG emissions associated with electricity use for 2019 to be 290 kt, or approximately 9% of our total emissions. These emissions are associated primarily with our Cardinal River, Carmen de Andacollo and Quebrada Blanca operations, as their electricity power grids are based heavily on fossil fuels. Elsewhere, our indirect emissions were relatively small, as operations in B.C. obtain a significant proportion of their electricity from hydroelectric generation.

Scope 3 emissions are other emissions that arise from sources owned or controlled by other entities within our value chain, such as those arising from the use of our products, business travel by employees and the transportation of materials that we purchase and sell. In 2019, our most material Scope 3 emissions were 73,000kt, which are from the use of our steelmaking coal product by our customers.

In this report, we have also introduced two updates to our GHG quantification methodologies that have resulted in restatements to our historical figures. The first update was made to the emission factor used to estimate fugitive methane at our coal operations. This update was made to reflect changes within our regulatory reporting obligations. The second update was made to the electricity emission factors used in British Columbia to more accurately reflect historical annual estimates of the electricity grid’s GHG intensity.

图9:燃料类型的范围1和范围2温室气体排放量

(1) For electricity emissions in Canada, the emission factors use 2010 as a base year and are based on the most recent version of the Canadian National Inventory Report.
(2) Fugitive emissions from our coal operations (i.e., estimated methane release) are captured as direct emissions. For fugitive emissions, the emission factors use 2010 as a base year and are based on the most recent version of the Canadian National Inventory Report.
(3) In 2016, we updated the Global Warming Potential values for all of our GHG accounting to align with regulatory requirements; therefore, historical values have been restated. Global Warming Potentials are the factors that convert greenhouse gases — like methane (CH4) — to a carbon dioxide equivalent (CO2e), thereby standardizing the quantification of GHG emissions.

Table 14: Total Emissions (kilotonnes CO2e)(1)

2019 2018 2017 2016
总排放 - 直接(范围1) 2,936 2,869 2,954 2,817
Total Emissions — Indirect (Scope 2) 290 341 284 372
总排放量(范围1 +范围2) 3,226 3,210 3,238 3,189
Total Emissions — Scope 3 73,000 76,000 78,438 79,053
(1)Teck'squantification methodology for our Scope 1 and Scope 2 emissions is aligned with the Greenhouse Gas Protocol: A Corporate Accounting and Reporting Standard

定位Teck在低碳经济中茁壮成长

Energy Use and Reduction

In 2019, we consumed a total of 44,032TJ of energy (i.e., electricity and fuels), as compared to 43,866 TJ in 2018, as shown in Figure 10. In 2019, six of our operations (Cardinal River, Coal Mountain, Greenhills, Carmen de Andacollo, Quebrada Blanca and Pend Oreille) reduced their absolute energy consumption from 2018. Collectively, projects implemented in 2019 have reduced annual energy consumption at our operations by 249 TJ — enough to power 2,311 homes for a year. Since 2011, our efforts have resulted in reduction projects totalling 2,964 TJ of savings.

Figure 10: Energy Consumption by Type(1)

(1) Other includes propane, waste oil, fuel oils and other process fuels.

2019年,大约27%的我们的能源需要uirements (i.e., electricity and fuels) were supplied by non-carbon-emitting sources, primarily hydroelectricity, compared to 27% in 2018. Of our total electricity consumption in 2019, 82%, or 11,491 TJ, was from renewable energy sources, the majority of which is hydroelectricity.

In Figures 11 to 13, we outline our energy intensity, or the amount of energy used per tonne of product, as well as the carbon intensity. According to data from the ICMM, at 80 kilograms of CO2-equivalent per tonne of steelmaking coal produced, the emissions intensity of our steelmaking coal is less than half the industry average of more than 150 kilograms. Similarly, our copper production averages 2.56 tonnes of CO2- 每吨生产的铜等量,低于行业平均值4吨的35%。我们的goal is to continue to improve the carbon intensity of our operations and future projects.

Figure 11: Steelmaking Coal Production Intensity

(2) Carbon intensity includes Scope 1 and Scope 2 emissions and is stated on a CO2e basis, which is inclusive of CO2, CH4, N2O, PFCs, SF6and NF3as appropriate.

Energy and carbon intensity for the production of steelmaking coal increased in 2019 (Figure 11). This change is primarily a result of mining in new, recently permitted areas at a number of our operations, with increased strip ratios to generate production after the closure of Coal Mountain. Increased strip ratios require more waste material to be moved for an equivalent amount of coal production therefore increasing the energy and carbon intensity of the product.

Figure 12: Zinc and Lead Production Intensity

(2) Carbon intensity includes Scope 1 and Scope 2 emissions and is stated on a CO2e basis, which is inclusive of CO2, CH4, N2O, PFCs, SF6and NF3as appropriate.

Energy and carbon intensity for the production of zinc and lead increased in 2019 (Figure 12). This change is primarily due to lower throughput and zinc grades. Trail Operations also experienced a decline in refined zinc production due to the electrical equipment failure.

图13:铜生产强度

(2) Carbon intensity includes Scope 1 and Scope 2 emissions and is stated on a CO2e basis, which is inclusive of CO2, CH4, N2O, PFCs, SF6and NF3as appropriate.

Energy and carbon intensity for the production of copper decreased in 2019 (Figure 13). This change is attributed to a larger proportion of the total copper production coming from Highland Valley Copper, which is a low-carbon and energy intensive operation, in relation to Carmen de Andacollo and Quebrada Blanca operations. In 2019, Highland Valley Copper experienced higher ore grades and improved recovery.

Figure 14: Teck Carbon Intensity on a Copper Equivalent(1)Production Basis

(1) Only the primary commodities we report on – i.e. Coal, Copper and Zinc – are included within the equivalency calculation. Lead has been excluded. Carbon Equivalency was calculated by using a three-year commodity price average, using prices reported in our previous annual reports.
(2) Carbon intensity includes Scope 1 and Scope 2 emissions and is stated on a CO2e basis, which is inclusive of CO2, CH4, N2O, PFCs, SF6and NF3as appropriate.

Figure 14 is new to our sustainability disclosures. It is demonstrating Teck’s carbon intensity which includes total Scope 1 and 2 emissions as reported above against a tonne of copper equivalent. We have used this metric – intensity per tonne of copper equivalent – in order to provide a single carbon intensity metric for the organization as a whole.

Investing in our Energy Business Unit

As the International Energy Agency (IEA) has articulated in looking at all future energy use scenarios, oil and gas will continue to be an important part of the world’s energy mix for the foreseeable future, even in the transition to a low-carbon economy. Our focus is on helping to meet that need and on developing Canada’s oil sands resources in the most sustainable way possible for people, for communities and for the environment.

We have a strong track record of taking steps to improve energy efficiency, reduce GHGs and lower the carbon intensity of our products. Both our steelmaking coal and copper production are among the lowest carbon intensity in the world and we are building on that track record in how we approach our oil sands development. Fort Hills incorporates industry-leading technologies to achieve best-in-class environmental performance. As a result, at 37.5 kilograms of CO2-equivalent per bbl the carbon intensity of oil produced from Fort Hills is the lowest in the oil sands by a significant factor (Figure 15). While we believe that lower-carbon production such as from Fort Hills can help to displace more carbon-intensive barrels as the world transitions to cleaner energy sources and seeks to minimize GHGs, we are further focused on continuing to push for further reductions in carbon intensity through new technology as we work towards our commitment of carbon-neutrality.

图15:温室气体排放强度油砂cilities

碳定价和倡导气候行动

We believe that broad-based pricing of carbon is one of the most effective ways to incentivize real reductions in GHG emissions by ensuring that all emitters contribute to the solution. In 2019, we continued to advocate for carbon pricing policies that maintain the global competitiveness of trade-exposed industries to prevent carbon leakage, which is when GHG emissions move from one jurisdiction to another as a result of differences in carbon prices. Currently, all of our steelmaking coal operations are covered by carbon pricing, as is half of our copper business, our Fort Hills oil sands mine and all of our metals refining business.

我们继续看到各国政府的趋势,以追求气候变化政策。我们在加拿大发生了一些最重要的行动,其中大多数业务都位于,加拿大在世界上有一些最高的碳价格。5In 2019, the federal government implemented theGreenhouse Gas Pollution Pricing Act,which prices carbon in Canadian provinces not already covered by their own carbon price. The Province of British Columbia also increased the B.C. carbon tax by $5 per tonne of CO2e from $35 to $40 in 2019. This price is expected to increase by $5 per tonne of CO2e per year until reaching $50 per tonne of CO2e in 2021.

As part of its commitment to address impacts on emissions-intensive, trade-exposed industries, the B.C. government continued to develop its Clean Growth Program for Industry, which includes an industrial incentive to reduce carbon tax costs for operations meeting ambitious emissions standards, as well as an industry fund to invest carbon tax revenue directly into emission reduction projects. In Alberta, a new industry-specific carbon price policy, called the Technology Innovation and Emissions Reductions (TIER), is expected to be implemented in 2020. Details are still emerging and we will continue to engage with regulators and assess the potential implications of these policies on our operations and projects.

In 2019, we continued to work with the Mining Association of British Columbia (MAC) and the Business Council of British Columbia (BCBC) on carbon pricing policy, to provide both policy direction and technical input to the government, with a view to maintaining the competitiveness of industry in the province.

We are also engaging with the British Columbia government directly through the provincial Clean Growth Advisory Council, for which Marcia Smith, Teck’s Senior Vice President, Sustainability and External Affairs, is the co-chair. Teck has more than a decade of experience with carbon pricing policies, which has informed our work to help advance the effective design and acceptance of carbon pricing policies globally. This is best demonstrated by our participation in the Carbon Pricing Leadership Coalition.

及时,透明的气候和环境披露对Teck及其兴趣的社区非常重要,并且是驾驶可持续性的关键组成部分。在2019年,建立在关于气候变化的公众报告中,我们继续参加碳披露项目(CDP)。我们还从事100+的气候行动,这是一项支持气候变化行动的领先投资者倡议,就我们减排和替代能源目标等主题。


5Carbon Pricing in Action. Carbon Pricing Leadership Coalition. (https://www.carbonpricingleadership.org/who).

Summary of Portfolio Resilience in the Face of Climate Change

In August 2019, we released our面对气候变化报告的投资组合弹性. The report looks at how Teck is positioned for a low-carbon economy by analyzing potential business risks and opportunities under three different climate change scenarios:

  1. 3.5°C: A Story of Inaction
  2. 2.7°C: A Story of Transition
  3. Below 2°C Scenario: A Story of Transformation

These scenarios provide information on how Teck is analyzing and preparing for the risks and opportunities that may emerge as the global community combats climate change and moves to a lower-carbon future. This report builds on our 2018 Climate Action and Portfolio Resilience report and aligns with recommendations from the与气候相关财务披露的工作队, which we support.

Adapting to Physical Climate Risks

我们正在采取措施防范气候变化的未来影响,因为我们认识到对气候的持续变化可以增加我们采矿业务的物质风险和相关基础设施。我们的一些业务经历了具有潜在气候相关的天气事件,包括红狗运营的变暖条件,并增加了在高地山谷铜(HVC)操作中淹没的雪花径流。

In 2019, we implemented climate adaptation measures at several of our operations. At HVC, we continued to execute our spring runoff water management strategy to protect key infrastructure and we completed climate change analyses to contribute to long-term adaptation plans for the mine. At our Fording River Operations, we continue to advance a flood mitigation project, in response to erosion caused by high water levels in 2013. At our operations in Chile, we advanced projects to reduce our fresh water consumption in response to potential water availability constraints due to future climate conditions.


Outlook for Energy and Climate Change

In 2020, Teck will continue to incorporate planning for climate-related risks and opportunities into our business strategies and at our operations. We will also continue to track and refine indicators that influence the strength and resilience of our assets in a low-carbon world, such as the electric vehicle market, growth in renewables and global carbon prices. As in previous years, we will advance the four pillars of our Strategy for Climate Action — reducing our carbon footprint, positioning Teck for the low-carbon economy, advocating for climate action and adapting to the physical impacts — and work to achieve our 2020 goals for Energy and Climate Change.

Moving forward, we will work towards our strategic priority of being a carbon neutral operator by 2050. We have set new goals in climate change, which include reducing the carbon intensity of our operations by 33% by 2030, procuring 50% of our electricity demands in Chile from clean energy by 2025 and 100% by 2030 and accelerating the adoption of zero-emissions alternatives for transportation by displacing the equivalent of 1,000 internal combustion engine (ICE) vehicles by 2025. Our focus in 2020 will be on concluding the final steps of our 2020 goals within our previoussustainability strategy,and on making progress towards achieving our new goals.


Teck

Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, steelmaking coal and zinc, as well as investments in energy assets.