Teck Resources’ first TNFD report shows financial benefits of aligning with climate transition
Climate solutions may create additional complexity, but benefits outweigh downsides.
In its first integrated climate and nature report, Teck Resources finds that, regardless of the climate scenario, aligning business strategy to support the ecological transition is set to positively impact earnings.
The Canadian miner – which recently sold off its last steelmaking coal business unit to focus exclusively on energy transition minerals like copper and zinc – analysed the financial impacts of climate-related risks and opportunities across three climate scenarios reflecting temperature rises from the optimistic 1.5ºC to the worst-case 3ºC+.
