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Teck Resources Ltd

ISIN: CA8787422044 | Canada | North America
Score 4 - Comprehensive
Full assessment

Teck Resources discloses a detailed and multi-layered governance system that explicitly covers both direct and indirect climate-related lobbying and is supported by a published third-party reviewed audit. It issued an "Industry Associations Review" which "seek[s] to provide greater transparency to our approach to working with associations on climate action" and "establishes a robust framework for ongoing and future association reviews and disclosure as well as internal governance", and it engaged "a third-party consultant, Kirk & Co. Consulting Ltd., to undertake a comprehensive audit of the 16 associations scoped into this review, and to determine their level of alignment with our Climate Change Guiding Principles." For misaligned bodies, "Teck will engage directly with these associations...then advocate for better alignment...[and] may choose to withdraw from that association," demonstrating an active mechanism to manage indirect lobbying. Direct engagement is governed by an ex-ante sign-off process: "Prior to Teck employees conducting engagement activities relating to climate change...the approach and tactics involve approval from Teck's Senior Management Team. This oversight and approval helps ensure that the engagement activities are consistent with Teck's overall climate change positions and actions." The company also states that it "regularly review[s] our engagements to ensure that we take a position consistent with our...commitments to the objectives of the Paris Agreement," showing ongoing monitoring of its own advocacy. Oversight responsibility is clearly assigned: "Overall accountability of our climate change positions and actions is assumed by the Sustainability Committee of Teck's Board of Directors," while "Teck's Senior Management Team is responsible for overseeing and making decisions on the day-to-day engagement activities." Together, a board-level committee, senior-management approval, recurring reviews, and a publicly available, third-party-audited association alignment report indicate strong transparency, monitoring, and escalation procedures for both channels of lobbying, with no disclosed gaps in how alignment with climate commitments is governed.

This assessment is part of the Lobbying Governance Index, covering 8,500 companies scored on whether they have processes to oversee their climate lobbying. See all companies in North America or all companies in Canada.