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2007 Sustainability Report

Management Systems

Teck’s Core Values - safety, integrity, excellence, discipline, commitment, teamwork, innovation and respect - guide the company's decisions and actions.

Our commitment to sustainability is integrated throughout our company and is embodied in four interrelated documents:

  • Our Charter of Corporate Responsibility is a set of principles related to business ethics, environment, safety, health and community that governs all operating practices and provides the overarching sustainability governance commitments
  • The Code of Sustainable Conduct outlines our commitments to sustainable development
  • Our Code of Ethics sets out the company’s dedication to upholding high moral and ethical standards, and specifies basic business conduct and behaviour
  • Our Safety and Health Policy, Toward Zero Incidents, fortifies a corporate commitment to providing leadership and resources for entrenching core values of safety and health.

Together, these documents form the foundation of our commitment to operational sustainability worldwide.

These Codes are reviewed annually by the CORPORATE ENVIRONMENT AND RISK MANAGEMENT COMMITTEE (CERMC) and updated as necessary with revisions approved by the Board of Directors. In 2007, the company replaced the 2004 Code of Business, Environmental and Health and Safety Practices with the Code of Sustainable Conduct. The modifications mainly pertained to:

  • Promoting a culture of safety and entrenching safety as a core value
  • Integrating biodiversity and conservation measures
  • Incorporating energy management systems into business planning

This new Code of Sustainable Conduct (the Code) was approved by the Board and signed by our CEO and COO in February, 2007. In October of 2007, a revised Safety and Health Policy, Toward Zero Incidents, was also ratified.

Policy Implementation

Our Charter, Codes and the Safety and Health Policy provide a foundation and a framework for the Environment, Health, Safety and Community Management Standards (EHSCMS) comprised of 19 standards that guide all business activities and form an integral part of management decision-making. These standards are based on the ISO 14001:2004 international standard for Environmental Management Systems and OHSAS 18001:2007 for Standards on Health and Safety, incorporating additional social sections. In 2007, the EHSCMS were reviewed and revised to reflect the Code.