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Teck's Approach to Sustainability

Teck's Approach to Sustainability. ISID Conference March 30, 2012. Sustainability at Teck. “In 2010, we will develop our sustainability leadership initiative across the company, to maintain and enhance our social license to operate.” Don Lindsay – 2010 Annual Report.

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Teck's Approach to Sustainability

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  1. Teck's Approach to Sustainability ISID Conference March 30, 2012

  2. Sustainability at Teck • “In 2010, we will develop our sustainability leadership initiative across the company, to maintain and enhance our social license to operate.” • Don Lindsay – 2010 Annual Report • When deciding whether to do something, Dr. Keevil always asks: • “Does this make us a better company?” • Maybe we can add a second question to this frame of thinking: • “Does this make the world a better place?” • Decisions should incorporate these questions going forward.

  3. Our Approach to Sustainability • Sustainability Working Group established in 2010 • Key focus areas: • Community • Water • Energy • Ecosystems & biodiversity • Materials stewardship • Our people • Set long term goals and visions of success

  4. Communities • Communities are the foundation of our work in Sustainability • Our Vision: “We collaborate with communities so they genuinely benefit in a self-defined and sustainable manner from our activities and products. Communities consider themselves better off as a result of their interactions with us and offer broad support for our efforts.” • Corporate goal of donating 1% of EBIT based on a five year rolling average - $25 million donated in 2011

  5. Sustainability Strategy • Published our sustainability strategy. • Marks our tenth year of reporting on our sustainability practices. • Multi-stakeholder review and engagement process. • Publishing • of Sustainability Review Snr Team Endorsement Senior Retreat Call to Action – Don Lindsay Materials Stewardship Conference Technology Conference Consultation with BUs SWG Mtg #2 SWG Retreat Mtg Don and Snr Team Ops Mtg SMT Mtg Project Development Seminar Formation of SWG SWG Mtg #3 Ops Mtg Energy Deep Dive SWG Mtg #1 2 Subgroups and 6 KFAs • Refining goals and visions SWG Mtg #4 SMT Mtg

  6. Strategy Implementation

  7. Stages of Implementation Strategy

  8. Consultation with senior management and business units • Appointment of Executive Champions • Endorsement of the goals by Executive Group and CEO • Ongoing consultation with business units, senior management, and Executive Champions

  9. Disclosure and Communication of Sustainability Strategy • Published our sustainability strategy. • 6 Key Focus Areas • Visions of Success • 28 Short Term Goals – 2015 • 21 Long Term Goals – 2030 • Opportunity to communicate Teck’s sustainability performance in ways that help build relationships with our communities of interest.

  10. Sharing of information across Teck • Key industry contacts • Documents • Strategies • Progress • Connecting Key Focus Area Leads • Create consistency, synergies and avoid duplication • Establish Communities of Practice

  11. Guidance Document and Roles and Responsibilities • Strategic decision making at the board level and in the Stage Gate process • Alignment with internal standards and external commitments • Integrated into performance management system • SMART Toolkits • Strategic community investment • Embed Sustainability Strategy in Decision Making Processes and Management Systems

  12. Assessing priorities. • Demonstration projects • Case studies • Assignment of business unit and site leads. • Workshops to establish indicators and metrics for each of the goals. • Allocation of budget and resources. • Initiate execution. • Priority Assessment, Objective Setting and Action

  13. Embedding indicators and metrics into monitoring and reporting systems. • Meet regularly to discuss progress and share successes. • Provide regular updates to senior management and implementation team. • Engage with external communities of interest. • BU/Site Management • S&S Committee of the Board • CERMC • Champions • COIs • Monitoring and Reporting Streamline Trackline

  14. Next Steps • Strategy Implementation • Assigning resources • Finalize supporting documents • Develop KPIs and metrics • Embed in Teck Decision Making Processes and Management Systems • Establish Communities of Practice and communications plan • Provide regular progress reports • Nurturing and further developing a culture of sustainability at Teck

  15. Teck's Approach to Sustainability ISID Conference March 30, 2012

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