Teck Resources Ltd is a Canadian company that operates in the Base Metals sector. The company is headquartered in Vancouver, British Columbia, and has been in operation since 1906. Teck Resources is one of Canada's largest diversified resource companies, with operations in Canada, the United States, Chile, and Peru. The company's primary products are copper, zinc, and steelmaking coal, which are used in a variety of industries, including construction, transportation, and electronics.
Teck Resources has been actively pursuing decarbonisation initiatives in recent years. The company has set ambitious targets to reduce its greenhouse gas emissions by 33% by 2030 and to achieve carbon neutrality by 2050. To achieve these goals, Teck Resources has implemented a number of measures to reduce its carbon footprint, including investing in renewable energy and energy efficiency projects, using low-emission technologies, and promoting sustainable practices across its operations.
One of the key ways that Teck Resources is reducing its carbon footprint is through the use of renewable energy. The company has invested in several renewable energy projects, including wind, solar, and hydroelectric power. In 2020, Teck Resources signed a 15-year corporate power purchase agreement (PPA) with AES Corporation for the construction of a 250 MW wind farm in Alberta. The wind farm is expected to generate enough energy to power Teck Resources' steelmaking coal operations in the region, reducing the company's greenhouse gas emissions by approximately 1.2 million tonnes per year.
Teck Resources is also investing in energy efficiency measures to reduce its energy consumption and greenhouse gas emissions. The company has implemented several energy-saving initiatives across its operations, including the use of energy-efficient lighting, the installation of high-efficiency motors and pumps, and the implementation of energy management systems. These measures have helped Teck Resources reduce its energy consumption by over 10% since 2011.
In addition to its decarbonisation initiatives, Teck Resources is also committed to promoting sustainable practices across its operations. The company has implemented a number of programs to reduce its environmental impact, including water conservation, waste reduction, and biodiversity conservation. Teck Resources has also established partnerships with local communities to promote sustainable development and support local economic growth.
Teck Resources' commitment to sustainability and decarbonisation has earned the company recognition from a variety of sources. In 2020, Teck Resources was named to the Dow Jones Sustainability World Index for the eleventh consecutive year, recognizing the company's leadership in sustainability. The company has also been recognized by the Carbon Disclosure Project for its efforts to reduce greenhouse gas emissions and promote sustainable practices.
In conclusion, Teck Resources Ltd is a Canadian company that operates in the Base Metals sector. The company is committed to decarbonisation and has set ambitious targets to reduce its greenhouse gas emissions and achieve carbon neutrality. Teck Resources is investing in renewable energy and energy efficiency measures to reduce its carbon footprint, and is promoting sustainable practices across its operations. The company's commitment to sustainability has earned it recognition from a variety of sources, and it is a leader in the Canadian resource sector in promoting sustainable development.