Teck Resources Ltd – Lobbying Governance & Transparency

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Lobbying Governance

Overall Assessment	Analysis	Score
Comprehensive	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 associationsthen 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 changethe approach and tactics involve approval from Tecks Senior Management Team. This oversight and approval helps ensure that the engagement activities are consistent with Tecks 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 ourcommitments 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 Tecks Board of Directors, while Tecks 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. View Sources	A

Overall Assessment

Analysis

Score

Comprehensive

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 associationsthen 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 changethe approach and tactics involve approval from Tecks Senior Management Team. This oversight and approval helps ensure that the engagement activities are consistent with Tecks 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 ourcommitments 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 Tecks Board of Directors, while Tecks 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.

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Lobbying Transparency

Overall Assessment	Analysis	Score
Comprehensive	Teck Resources Ltd provides extensive, specific disclosure of its climate-policy lobbying. It names multiple concrete measures it has engaged on, including the federal Clean Electricity Regulations, British Columbia’s Carbon Tax together with the CleanBC Industrial Incentive Program and CleanBC Industry Fund, the Pan-Canadian Framework on Clean Growth and Climate Change, the Clean Fuel Standard, Bill C-12, the Strategic Assessment of Climate Change, and the Canadian Critical Minerals Strategy, as well as provincial carbon-pricing regimes and the B.C. Government’s Net-Zero New Industry Policy. The company also spells out how it seeks to influence these initiatives, detailing actions such as “submitting comments and recommendations into public consultations on the design of the CER,” direct meetings with federal and B.C. officials, participation on the B.C. Climate Solutions Council, joining the Government of Canada delegation to the G7 Transport Ministers’ Summit, and indirect work through the Mining Association of British Columbia and other trade bodies. Targets are clearly identified—e.g., the Government of Canada, the Provinces of British Columbia and Alberta, and federal public officials. Finally, Teck is explicit about the outcomes it pursues: for the CER it wants “more financial incentives for early action” and “incentives for the use of cogeneration”; on carbon pricing it seeks “output-based allocation systems” and compensation based on emissions-intensity benchmarks to “maintain the global competitiveness of trade-exposed industries”; within the Critical Minerals Strategy it advocates measures to “drive research, innovation and exploration” and accelerate permitting and grid infrastructure to enable decarbonisation. By articulating the specific policies, the mechanisms and forums it uses, and the concrete regulatory changes it is seeking, Teck demonstrates a comprehensive level of transparency around its climate-related lobbying activities.	A