Energy Efficiency, Energy Storage, GHG Emissions  -  February 28, 2022

Teck Expands Net Zero Goals

Teck Resources Limited announced an expansion to its climate action strategy, including a new short-term goal to achieve net zero Scope 2 (purchased electricity) GHG emissions by 2025 and a goal to achieve net zero Scope 3 (value chain) emissions by 2050, building on the existing commitment to achieve net zero emissions across operations by 2050.

Under the expanded strategy, Teck has set additional climate goals and will take further actions to reduce emissions across all activities, including operations and the downstream value chain:

Operational (Scope 1 and 2) emissions goals, which include GHG emissions from energy sources owned and operated by Teck and emissions related to the generation of purchased electricity used by Teck:

•  Accelerate the adoption of zero emissions alternatives for transportation by replacing the equivalent of 1,000 internal combustion engine vehicles by 2025 in our mobile equipment fleets and 
• Reduce the carbon intensity of our operations by 33% by 2030 

Teck does not have direct control over steelmaking production processes and associated Scope 3 GHG emissions and will work to partner and accelerate decarbonization pathways by supporting the application of technologies such as carbon capture, utilization and storage (CCUS) to achieve net zero Scope 1 and 2 commitments for our customers and the company’s net zero Scope 3 ambition. More than 50% of the steelmaking coal sales are made to customers who have made public commitments to be net-zero by 2050 or sooner, and we expect this trend to increase over time.

• Support partners in advancing GHG reduction solutions capable of reducing the global carbon intensity of steelmaking 30% by 2030 and  
• Partner with customers and transportation providers to establish low-emission supply chain corridors for the transportation of our products and support a 40% reduction in shipping emission intensity by 2030 for shipping we contract.

The company began taking concrete steps towards achieving Scope 3 reductions associated with transportation. In November 2021 Teck announced a partnership with Oldendorff Carriers to employ energy-efficient bulk carriers for shipments of our steelmaking coal, contributing to Scope 3 goals. This partnership is estimated to reduce up to 45,000 tons of CO2 annually.

 “Teck is committed to reducing emissions across our operations and throughout the value chain of our products. This expanded climate strategy builds on the progress we have made so far to reduce our GHG footprint and to support global action on climate change,” said CEO Don Lindsay in a statement. “We will work closely with our customers and suppliers to support their own emissions reductions and achieve our net-zero Scope 3 ambition while continuing to provide the metals and minerals essential to the world’s transition to a low-carbon economy.”

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