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Teck Sustainability Leadership

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TeckResourcesLtd

The document summarizes key points from a presentation at the Global Metals and Mining Conference on sustainability at Teck Resources. It discusses Teck's commitment to sustainability leadership, governance around sustainability issues, material sustainability topics, 2021 performance on health and safety and other issues, innovation initiatives, and goals for tailings management, climate change, and other areas. It also provides an overview of Teck's portfolio of metals and minerals, low carbon operations, and targets to reduce operational carbon emissions to achieve net zero by 2050.

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Global Metals and Mining Conference 1 Sustainability Leadership October 28, 2022
Global Metals and Mining Conference 2 Caution Regarding Forward-Looking Statements Both these slides and the accompanying oral presentation contain certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to as forward-looking statements). These statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “predict”, “potential”, “should”, “believe” and similar expressions is intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These statements speak only as of the date of this presentation. These forward-looking statements include, but are not limited to, statements concerning: forecast production; forecast operating costs, unit costs, capital costs and other costs; sales forecasts; our strategies, objectives and goals; future prices and price volatility for copper, zinc, steelmaking coal, blended bitumen and other products and commodities that we produce and sell, as well as oil, natural gas and petroleum products; the future demand for and supply of copper, zinc, steelmaking coal, blended bitumen and other products and commodities that we produce and sell; our RACE21 initiatives and expectations regarding the benefits generated by our RACE21 initiatives, both financially and in terms of improved productivity, safety and sustainability performance; our plan to be compliant with Global Industry Standard on Tailings Management at all facilities by August 2023; our sustainability strategy and our plan to implement it, including all future oriented statements on the slides titled “Our Sustainability Strategy”, “Operational Decarbonization Goals”, “Pathway to Zero Emissions from Haul Trucks”’ “Supporting Scope 3 Emissions Reductions Across our Value Chain” and “Our Decarbonization Journey”, our emissions reductions targets and ambitions and our goal to become a nature positive company by 2030; our expectation that QB2 will double our consolidated copper production by 2023; projected copper growth and our potential to become a top 10 copper producer; our expectations regarding increased focus on nature positive initiatives; and our nature positive and biodiversity goals and all future orientated actions, statements or expectations related thereto, including our intention to conserve or rehabilitate three hectares for every one hectare disturbed, to dedicate 25% of community investment to nature and that by 2030 our conservation, protection and restoration of land and biodiversity will exceed the disturbance caused by our mining activities from a 2020 baseline and all other future orientated statements or expectations on the slides titled “How could Teck be Nature Positive?” and “Immediate Action”. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this presentation. Such statements are based on a number of assumptions that may prove to be incorrect, including, but not limited to, assumptions regarding: general business and economic conditions; commodity and power prices; assumption that QB2 becomes fully producing within expected timeframes; the supply and demand for, deliveries of, and the level and volatility of prices of copper, zinc, steelmaking coal, and blended bitumen and our other metals and minerals, as well as oil, natural gas and other petroleum products; the timing of the receipt of permits and other regulatory and governmental approvals for our development projects and other operations, including mine extensions; our costs of production, and our production and productivity levels, as well as those of our competitors; continuing availability of water and power resources for our operations; credit market conditions and conditions in financial markets generally; our ability to procure equipment and operating supplies and services in sufficient quantities on a timely basis; the availability of qualified employees and contractors for our operations, including our new developments and our ability to attract and retain skilled employees; the satisfactory negotiation of collective agreements with unionized employees; the impact of changes in Canadian-U.S. dollar exchange rates, Canadian dollar-Chilean Peso exchange rates and other foreign exchange rates on our costs and results; the accuracy of our mineral, steelmaking coal and oil reserve and resource estimates (including with respect to size, grade and recoverability) and the geological, operational and price assumptions on which these are based; tax benefits and tax rates; the impacts of the COVID-19 pandemic on our operations and projects and on global markets; and our ongoing relations with our employees and with our business and joint venture partners. Expectations regarding our operations are based on numerous assumptions regarding the operations. Statements concerning future production costs or volumes are based on numerous assumptions of management regarding operating matters and on assumptions that demand for products develops as anticipated; that customers and other counterparties perform their contractual obligations; that operating and capital plans will not be disrupted by issues such as mechanical failure, unavailability of parts and supplies, labour disturbances, COVID-19, interruption in transportation or utilities, or adverse weather conditions; and that there are no material unanticipated variations in the cost of energy or supplies. Our sustainability goals and strategies are based on a number of additional assumptions, including regarding the biodiversity and climate-change consequences; availability and effectiveness of technologies needed to achieve our sustainability goals and priorities; availability of land or other opportunities for conservation, rehabilitation or capacity building on commercially reasonable terms and our ability to obtain any required external approvals or consensus for such opportunities; the availability of clean energy sources and zero-emissions alternatives for transportation on reasonable terms; our ability to implement new source control or mine design strategies on commercially reasonable terms without impacting production objectives; our ability to successfully implement our technology and innovation strategy; and the performance of new technologies in accordance with our expectations. The foregoing list of important factors and assumptions is not exhaustive. Other events or circumstances could cause our actual results to differ materially from those estimated or projected and expressed in, or implied by, our forward-looking statements. See also the risks and assumptions discussed under “Risk Factors” in our 2021 Annual Information Form and in subsequent filings, which can be found under our profile on SEDAR (www.sedar.com) and on EDGAR (www.sec.gov). Except as required by law, we undertake no obligation to update publicly or otherwise revise any forward-looking statements or the foregoing list of factors, whether as a result of new information or future events or otherwise.
Global Metals and Mining Conference Sustainability at Teck
Global Metals and Mining Conference 4 Sustainability Leadership Committed to the highest standards of safety and sustainability Reporting Frameworks GRI Standards SASB Standards Task Force on Climate Related Financial Disclosures (TCFD) Industry Groups Gold Class Award 2022 “AA” rating Performance in top 10% of subindustry #3 ranked diversified metals mining company Top ranked North American Mining company Top percentile mining subsector Rated Prime among the top 10% of Metals & Mining companies Ratings & Rankings Top-ranked mining company DJSI World & North American Indices
Global Metals and Mining Conference 5 Sustainability Governance Commitment to transparency and accountability • Sustainability embedded across governance, management and operations • Executive remuneration linked to sustainability performance: ‒ 10-20% of annual incentive program connected to sustainability performance ‒ 20% of long-term incentive program performance share unit plan based on sustainability performance • Annual disclosure of all payments to governments • Anonymous whistleblower hotline publicly available to all stakeholders • Policy of no political donations • US$4 billion sustainability linked finance facility: carbon emissions, health and safety, gender diversity
Global Metals and Mining Conference 6 Materiality Reporting and focus on most material sustainability issues Importance to Teck Importance to External Stakeholders Environmental Social Governance Health & Safety 1 Indigenous Peoples 2 Climate Change 3 Water Management 4 Communities 5 Innovation & Technology 6 Regulatory Landscape 7 Equity, Diversity & Inclusion 8 Tailings 9 Reclamation & Land Use 10
Global Metals and Mining Conference * All indicators include employees and contractors. Performance metrics are related to performance of Teck-managed operations and do not include joint ventures. Rates are based on 200,000 hours. 38% reduction in high-potential incident frequency rate vs 2020* 11% reduction in lost-time disabling injury frequency vs 2020* 1.00 0.80 0.60 0.40 0.20 0.00 2014 2015 2016 2017 2018 2019 2020 2021 High Potential Incident Frequency Lost Time Disabling Injury Frequency 7 Health and Safety 2021 performance
Global Metals and Mining Conference 8 Innovation & Technology • RACE21TM initiatives expected to generated $1.1 billion in annual benefits • Improved productivity, safety and sustainability performance Human & Indigenous Rights • Zero human rights incidents in 2021 • 85 active agreements with Indigenous Peoples Inclusion & Diversity • 1/3 of all new hires in 2021 women • 21% women at Teck vs. Bloomberg 2019 industry average of 15.7% • Forbes World’s Best Employers 2022 Water & Tailings • Desalinated seawater in place of freshwater at QB2 • Quadrupling Elk Valley water treatment from 2020 to 2022 • Global Industry Standard on Tailings Management (GISTM) at all facilities August 2023 Sustainability Performance Highlights from key material topics
Global Metals and Mining Conference 9 Sustainability Case Study Digital innovation to improve water performance • Developing in-house digital application to track water flow and quality at Fording River Operations through our RACE21TM program • First of its kind tool to help manage water in real-time • Similar application in development for tailings management aligned with GISTM
Global Metals and Mining Conference 10 Our Sustainability Strategy Short- and long-term improvement goals in key areas of focus Tailings Climate Change Water Health and Safety Our People Responsible Production Biodiversity Communities & Indigenous Peoples Eliminate fatalities, serious injuries and occupational disease Foster a workplace where everyone is included, valued and equipped for today and the future Work towards securing a net positive impact on biodiversity Achieve net zero Scope 1 and 2 emissions by 2050 Manage our tailings across their life cycle in a safe and environmentally responsible way Collaborate with communities and Indigenous Peoples to generate economic benefits, advance reconciliation and improve community well-being Provide the metals and minerals needed for the transition to an economy focused on reducing waste and keeping products in use Transition to low-quality or seawater sources in water- scarce regions. Implement innovative water management and treatment solutions to protect water quality
Global Metals and Mining Conference 11 Sustainability Resources for Investors • Sustainability reporting for 21 years in Core accordance with the Global Reporting Initiative (GRI) Standards • Aligned with Sustainability Accounting Standards Board (SASB) • Task Force for Climate-Related Financial Disclosure (TCFD) aligned report “Climate Change Outlook 2021” • Separate data download with sustainability data of interest to investment community • Detailed performance and management approach for each Material Issue Key Sustainability Data Click here or scan the QR code below for our Interactive Analyst Centre Sustainability Report and Disclosure Portal Click here or scan the QR code below for our Disclosure Portal
Global Metals and Mining Conference Low Carbon Transition
Global Metals and Mining Conference 13 Metals and minerals for a low-carbon economy • Rebalancing portfolio towards copper with our attractive portfolio of copper projects • QB2 to double consolidated copper production by 2023 Our Climate Change Strategy Starting from a strong position Competitive low carbon operations • Among world’s lowest carbon intensities for copper, zinc and steelmaking coal production • Proven operational excellence and RACE21TM underpins cost and carbon competitiveness Support emissions reduction in our value chain • Working with steelmaking coal customers and transportation providers to reduce downstream emissions by 2030 • Ambition to achieve net zero Scope 3 emissions by 2050 Reducing our operational carbon footprint • Targeting: ‒ Net zero Scope 2 emissions by 2025 ‒ 33% Scope 1 and 2 carbon intensity reduction by 2030 ‒ Net zero Scope 1 and 2 emissions by 2050 • Set a goal to be a nature positive company by 2030
Global Metals and Mining Conference 14 Grow Maximize Value, Drive Free Cash Flow Copper Zinc Steelmaking Coal Global Growth to 2050  2.3x Green technologies, electrification and energy efficiency  2.1x Galvanizing to protect steel, batteries, renewables, infrastructure → 1.0x Seaborne steelmaking coal Decarbonization of coastal blast furnaces, and steel demand resulting from population growth, urbanization and a growing middle class Teck Market Position Top 20 producer today, Potential to become top 101 Largest net zinc miner globally Second largest seaborne steelmaking coal supplier Teck Cost Competitiveness Antamina First quartile2 QB2 Second quartile2 Red Dog First quartile3 Antamina Second quartile3 Steelmaking Coal Delivered Operating Margin Top quartile4 Portfolio of Future-Essential Resources Capitalizing on strong demand in the transition to a low-carbon economy
Global Metals and Mining Conference 15 Teck is Among the Lowest Carbon Intensity Miners Our low carbon transition starts from a strong position Teck Carbon pricing already built into majority of our business CO2 Coal Intensity Curve (2020) t CO2e/t saleable coal Cumulative production (Million tonnes) Cumulative production (Million tonnes) Renewable, zero-carbon power sources make up 96% of our operational power CO2 Zinc Intensity Curve (2020) t CO2e/t zinc equivalent CO2 Copper Intensity Curve (2020) t CO2e/t copper equivalent 5 10 Teck Cumulative production (Million tonnes) 5 10 15 Teck 100 200 Low-quartile CO2 emissions per tonne of copper, zinc and steelmaking coal production1 Copper Zinc Steelmaking Coal 300
Global Metals and Mining Conference 16 Operational Decarbonization Goals Focusing on material drivers to deliver on our commitments -1 0 1 2 3 4 Carbon Offsets Million tonnes of CO 2 e Carbon Reduction Pathways By 2050 Achieve net zero emissions across operations By 2030 Reduce carbon intensity of operations by 33% By 2025 Achieve net zero Scope 2 emissions Baseline Natural Gas and Coal Electricity Diesel Fugitive Methane Offsets & Insets Legend: Contracting remaining 50% renewable energy at QB2 by 2025 Trolley-assist & zero emission haul trucks Renewable fuels / CCUS / coal drying Assessing fugitive methane emissions
Global Metals and Mining Conference 17 Operational Decarbonization Goals Focusing on material drivers to deliver on our commitments Carbon Emission Reduction Activities Exploring the potential use of carbon capture, utilization, and storage (CCUS) Pilot CCUS Assessing fugitive methane emissions 2020 2021 2022 2023 2024 2026 2027 2028 2029 Sourcing 100% renewable energy at Carmen de Andacollo Agreement with Caterpillar to deploy 30 zero-emissions large haul trucks by 2030 Field test early-learner haul truck with Caterpillar Contracting 100% of operational energy at QB2 from renewable sources Evaluating the elimination of fossil-fuel power dryers at our steelmaking coal operations Complete first nature-based solutions offset project Begin transition to zero-emission coal drying Contracted 50% of operational energy at QB2 from renewable sources Piloting and adopting smaller zero emissions vehicles (e.g. electric buses) Teck to pilot electric transport truck at Highland Valley Copper Operations 2025 Net zero Scope 2 emissions 2030 33% intensity reduction Natural Gas and Coal Electricity Diesel Fugitive Methane Offsets & Insets Legend: Begin deployment of 30 Caterpillar zero-emission trucks
Global Metals and Mining Conference 18 Near term diesel displacement Zero-emission fleet Zero-emission fleet infrastructure Pathway To Zero Emissions from Haul Trucks Trolley-Assist implementation Electrical infrastructure Hydrogen infrastructure Renewable Fuel Zero-Emission Haul Trucks Energy Intensity Modeling Economic analysis Implement pilot Develop retrofit kits Maximize trolley-assist in 5-year planning process Implement pilot Optimize for blend and cost Refine energy requirements by technology by site Original Equipment Manufacturer collaborations, including Caterpillar – Early Learner & Pilot from 2024 Battery vs. fuel cell economic trade-off analysis Charging station Accelerate capacity expansion Commercialize dynamic charging solutions from ChargeOn Challenge Existing Fleet Legend Zero Emission Solution Infrastructure Existing Fleet Pursuing near term diesel displacement opportunities with renewable fuels and trolley-assist deployments Future Fleet Partnerships with OEMs and other miners to accelerate deployment of zero emission hydrogen and battery electric fleet at our mine sites
Global Metals and Mining Conference 19 Supporting Scope 3 Emission Reductions Across Our Value Chain 2030 Goal: Support partners to advance GHG reduction solutions capable of reducing the global carbon intensity of steelmaking by 30% 2030 Goal: Support a 40% reduction in shipping intensity of our steelmaking coal through partnership with customers and transportation providers to establish low-emissions supply chain corridors Transportation Processing 2050 Ambition: Achieve net zero Scope 3 emissions by 2050 Teck/Oldendorff energy efficient bulk carrier agreement (Nov 2021) Rendering of Trail Smelter carbon capture pilot evaluation (May 2022)
Global Metals and Mining Conference 20 Our Decarbonization Journey Progressive abatement through 2050 Sourcing 100% renewable energy at Carmen de Andacollo from 2020 Achieving 100% Renewable Power Sourcing >50% of operational energy at QB2 from renewable sources US $4 billion sustainable financing facility inclusive of climate change goals Teck 2020 Climate Change Report Teck and Oldendorff Carriers agree to employ energy efficient bulk carriers to reduce emissions by 45,000 TCO2 Reducing Downstream Emissions Teck’s Highland Valley Copper achieves Canada’s first copper mark verification Teck and DLT Partner to pilot traceability for critical minerals with blockchain Improving Traceability Teck and Caterpillar to advance zero-emissions 30 mining haul trucks through to 2030 Decarbonizing Our Operational Footprint Teck first to pilot electric transport truck at Highland Valley Copper operations Climate Change Transparency
Global Metals and Mining Conference Nature Positive
Global Metals and Mining Conference 22 Global Context Increased focus on nature: ‘The Next Climate Change’ What we expect to see going forward • Increased international law (Post-2020 Global Biodiversity Framework; 30x30 goals and Nature Positive global goal) • Increased financial disclosure (TNFD) • Future extractive sector action and increased regional regulation • Biodiversity goals critical to sustainability leadership Global biodiversity decreased by 68% from 1970 to 2016 Climate change increasingly linked to biodiversity crisis Continuation of current trajectory will result in 20% of all species becoming extinct in next several decades Over half the world’s economic output (US$44 trillion) is highly or moderately dependent on nature
Global Metals and Mining Conference 23 Teck’s Nature Positive Goal Actions include: • Conserving or rehabilitating > 3 ha for every 1 disturbed • Dedicating 25% community investment to nature By 2030, our conservation, protection and restoration of land and biodiversity will exceed the disturbance caused by our mining activities from a 2020 baseline Rehabilitation Nature Positive Conservation
Global Metals and Mining Conference How Could Teck be Nature Positive? Nature-informed decision making across mine life cycle and value chain • Guided by Western science and Indigenous learning • Assess biodiversity impacts of our actions, avoid or minimize negative impacts where possible Rehabilitation excellence to accelerate pace and success • In progress for all eligible land impacted by mining at our operations by 2030 • Innovative research and development Conservation, protection and restoration by 2030 to exceed disturbance since 2020 • Actions in each region we operate Mountain goat at a Teck mine site in Canada 24
Global Metals and Mining Conference Immediate Action New initiatives include 14,000 hectares (ha) of new conservation at program launch: • Purchase of last remaining unprotected land within the Darkwoods Conservation Area (~8,000 ha in southeast BC, Canada) • Land donation of endangered grassland ecosystem (162 ha in the Luke Creek Conservation Corridor, southeast BC, Canada) • Conserve a unique and high-value wetland ecosystem in partnership with the Ollagüe Quechua community (5,800 ha Salar de Alconcha, Chile) • $10 million Indigenous Stewardship Fund to support capacity building for engagement and participation in conservation • $12 million to support future high priority conservation projects in BC (Nature Conservancy of Canada) Salar de Alconcha wetland ecosystem conservation area in Chile 25
Global Metals and Mining Conference Appendix
Global Metals and Mining Conference 27 For Further Information Supplemental Information for Investors Click here or scan the QR code below to reference slides Contact Investor Relations investors@teck.com 1.877.759.6226 604.699.4257
Global Metals and Mining Conference 28 Endnotes Slide 14: Portfolio of Future-Essential Resources 1. Based on Wood Mackenzie’s Q4 2021 long term outlook. Based on equity ownership and including all probable and possible projects to 2040. 2. Data compiled by Teck based on Wood Mackenzie’s total cash + capex cost curve 2021. 3. Data compiled by Teck based on Wood Mackenzie’s total cash + capex cost curve 2023. 4. Data compiled by Teck based on Wood Mackenzie’s data.

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Teck Sustainability Leadership

  • 1. Global Metals and Mining Conference 1 Sustainability Leadership October 28, 2022
  • 2. Global Metals and Mining Conference 2 Caution Regarding Forward-Looking Statements Both these slides and the accompanying oral presentation contain certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to as forward-looking statements). These statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “predict”, “potential”, “should”, “believe” and similar expressions is intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These statements speak only as of the date of this presentation. These forward-looking statements include, but are not limited to, statements concerning: forecast production; forecast operating costs, unit costs, capital costs and other costs; sales forecasts; our strategies, objectives and goals; future prices and price volatility for copper, zinc, steelmaking coal, blended bitumen and other products and commodities that we produce and sell, as well as oil, natural gas and petroleum products; the future demand for and supply of copper, zinc, steelmaking coal, blended bitumen and other products and commodities that we produce and sell; our RACE21 initiatives and expectations regarding the benefits generated by our RACE21 initiatives, both financially and in terms of improved productivity, safety and sustainability performance; our plan to be compliant with Global Industry Standard on Tailings Management at all facilities by August 2023; our sustainability strategy and our plan to implement it, including all future oriented statements on the slides titled “Our Sustainability Strategy”, “Operational Decarbonization Goals”, “Pathway to Zero Emissions from Haul Trucks”’ “Supporting Scope 3 Emissions Reductions Across our Value Chain” and “Our Decarbonization Journey”, our emissions reductions targets and ambitions and our goal to become a nature positive company by 2030; our expectation that QB2 will double our consolidated copper production by 2023; projected copper growth and our potential to become a top 10 copper producer; our expectations regarding increased focus on nature positive initiatives; and our nature positive and biodiversity goals and all future orientated actions, statements or expectations related thereto, including our intention to conserve or rehabilitate three hectares for every one hectare disturbed, to dedicate 25% of community investment to nature and that by 2030 our conservation, protection and restoration of land and biodiversity will exceed the disturbance caused by our mining activities from a 2020 baseline and all other future orientated statements or expectations on the slides titled “How could Teck be Nature Positive?” and “Immediate Action”. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this presentation. Such statements are based on a number of assumptions that may prove to be incorrect, including, but not limited to, assumptions regarding: general business and economic conditions; commodity and power prices; assumption that QB2 becomes fully producing within expected timeframes; the supply and demand for, deliveries of, and the level and volatility of prices of copper, zinc, steelmaking coal, and blended bitumen and our other metals and minerals, as well as oil, natural gas and other petroleum products; the timing of the receipt of permits and other regulatory and governmental approvals for our development projects and other operations, including mine extensions; our costs of production, and our production and productivity levels, as well as those of our competitors; continuing availability of water and power resources for our operations; credit market conditions and conditions in financial markets generally; our ability to procure equipment and operating supplies and services in sufficient quantities on a timely basis; the availability of qualified employees and contractors for our operations, including our new developments and our ability to attract and retain skilled employees; the satisfactory negotiation of collective agreements with unionized employees; the impact of changes in Canadian-U.S. dollar exchange rates, Canadian dollar-Chilean Peso exchange rates and other foreign exchange rates on our costs and results; the accuracy of our mineral, steelmaking coal and oil reserve and resource estimates (including with respect to size, grade and recoverability) and the geological, operational and price assumptions on which these are based; tax benefits and tax rates; the impacts of the COVID-19 pandemic on our operations and projects and on global markets; and our ongoing relations with our employees and with our business and joint venture partners. Expectations regarding our operations are based on numerous assumptions regarding the operations. Statements concerning future production costs or volumes are based on numerous assumptions of management regarding operating matters and on assumptions that demand for products develops as anticipated; that customers and other counterparties perform their contractual obligations; that operating and capital plans will not be disrupted by issues such as mechanical failure, unavailability of parts and supplies, labour disturbances, COVID-19, interruption in transportation or utilities, or adverse weather conditions; and that there are no material unanticipated variations in the cost of energy or supplies. Our sustainability goals and strategies are based on a number of additional assumptions, including regarding the biodiversity and climate-change consequences; availability and effectiveness of technologies needed to achieve our sustainability goals and priorities; availability of land or other opportunities for conservation, rehabilitation or capacity building on commercially reasonable terms and our ability to obtain any required external approvals or consensus for such opportunities; the availability of clean energy sources and zero-emissions alternatives for transportation on reasonable terms; our ability to implement new source control or mine design strategies on commercially reasonable terms without impacting production objectives; our ability to successfully implement our technology and innovation strategy; and the performance of new technologies in accordance with our expectations. The foregoing list of important factors and assumptions is not exhaustive. Other events or circumstances could cause our actual results to differ materially from those estimated or projected and expressed in, or implied by, our forward-looking statements. See also the risks and assumptions discussed under “Risk Factors” in our 2021 Annual Information Form and in subsequent filings, which can be found under our profile on SEDAR (www.sedar.com) and on EDGAR (www.sec.gov). Except as required by law, we undertake no obligation to update publicly or otherwise revise any forward-looking statements or the foregoing list of factors, whether as a result of new information or future events or otherwise.
  • 3. Global Metals and Mining Conference Sustainability at Teck
  • 4. Global Metals and Mining Conference 4 Sustainability Leadership Committed to the highest standards of safety and sustainability Reporting Frameworks GRI Standards SASB Standards Task Force on Climate Related Financial Disclosures (TCFD) Industry Groups Gold Class Award 2022 “AA” rating Performance in top 10% of subindustry #3 ranked diversified metals mining company Top ranked North American Mining company Top percentile mining subsector Rated Prime among the top 10% of Metals & Mining companies Ratings & Rankings Top-ranked mining company DJSI World & North American Indices
  • 5. Global Metals and Mining Conference 5 Sustainability Governance Commitment to transparency and accountability • Sustainability embedded across governance, management and operations • Executive remuneration linked to sustainability performance: ‒ 10-20% of annual incentive program connected to sustainability performance ‒ 20% of long-term incentive program performance share unit plan based on sustainability performance • Annual disclosure of all payments to governments • Anonymous whistleblower hotline publicly available to all stakeholders • Policy of no political donations • US$4 billion sustainability linked finance facility: carbon emissions, health and safety, gender diversity
  • 6. Global Metals and Mining Conference 6 Materiality Reporting and focus on most material sustainability issues Importance to Teck Importance to External Stakeholders Environmental Social Governance Health & Safety 1 Indigenous Peoples 2 Climate Change 3 Water Management 4 Communities 5 Innovation & Technology 6 Regulatory Landscape 7 Equity, Diversity & Inclusion 8 Tailings 9 Reclamation & Land Use 10
  • 7. Global Metals and Mining Conference * All indicators include employees and contractors. Performance metrics are related to performance of Teck-managed operations and do not include joint ventures. Rates are based on 200,000 hours. 38% reduction in high-potential incident frequency rate vs 2020* 11% reduction in lost-time disabling injury frequency vs 2020* 1.00 0.80 0.60 0.40 0.20 0.00 2014 2015 2016 2017 2018 2019 2020 2021 High Potential Incident Frequency Lost Time Disabling Injury Frequency 7 Health and Safety 2021 performance
  • 8. Global Metals and Mining Conference 8 Innovation & Technology • RACE21TM initiatives expected to generated $1.1 billion in annual benefits • Improved productivity, safety and sustainability performance Human & Indigenous Rights • Zero human rights incidents in 2021 • 85 active agreements with Indigenous Peoples Inclusion & Diversity • 1/3 of all new hires in 2021 women • 21% women at Teck vs. Bloomberg 2019 industry average of 15.7% • Forbes World’s Best Employers 2022 Water & Tailings • Desalinated seawater in place of freshwater at QB2 • Quadrupling Elk Valley water treatment from 2020 to 2022 • Global Industry Standard on Tailings Management (GISTM) at all facilities August 2023 Sustainability Performance Highlights from key material topics
  • 9. Global Metals and Mining Conference 9 Sustainability Case Study Digital innovation to improve water performance • Developing in-house digital application to track water flow and quality at Fording River Operations through our RACE21TM program • First of its kind tool to help manage water in real-time • Similar application in development for tailings management aligned with GISTM
  • 10. Global Metals and Mining Conference 10 Our Sustainability Strategy Short- and long-term improvement goals in key areas of focus Tailings Climate Change Water Health and Safety Our People Responsible Production Biodiversity Communities & Indigenous Peoples Eliminate fatalities, serious injuries and occupational disease Foster a workplace where everyone is included, valued and equipped for today and the future Work towards securing a net positive impact on biodiversity Achieve net zero Scope 1 and 2 emissions by 2050 Manage our tailings across their life cycle in a safe and environmentally responsible way Collaborate with communities and Indigenous Peoples to generate economic benefits, advance reconciliation and improve community well-being Provide the metals and minerals needed for the transition to an economy focused on reducing waste and keeping products in use Transition to low-quality or seawater sources in water- scarce regions. Implement innovative water management and treatment solutions to protect water quality
  • 11. Global Metals and Mining Conference 11 Sustainability Resources for Investors • Sustainability reporting for 21 years in Core accordance with the Global Reporting Initiative (GRI) Standards • Aligned with Sustainability Accounting Standards Board (SASB) • Task Force for Climate-Related Financial Disclosure (TCFD) aligned report “Climate Change Outlook 2021” • Separate data download with sustainability data of interest to investment community • Detailed performance and management approach for each Material Issue Key Sustainability Data Click here or scan the QR code below for our Interactive Analyst Centre Sustainability Report and Disclosure Portal Click here or scan the QR code below for our Disclosure Portal
  • 12. Global Metals and Mining Conference Low Carbon Transition
  • 13. Global Metals and Mining Conference 13 Metals and minerals for a low-carbon economy • Rebalancing portfolio towards copper with our attractive portfolio of copper projects • QB2 to double consolidated copper production by 2023 Our Climate Change Strategy Starting from a strong position Competitive low carbon operations • Among world’s lowest carbon intensities for copper, zinc and steelmaking coal production • Proven operational excellence and RACE21TM underpins cost and carbon competitiveness Support emissions reduction in our value chain • Working with steelmaking coal customers and transportation providers to reduce downstream emissions by 2030 • Ambition to achieve net zero Scope 3 emissions by 2050 Reducing our operational carbon footprint • Targeting: ‒ Net zero Scope 2 emissions by 2025 ‒ 33% Scope 1 and 2 carbon intensity reduction by 2030 ‒ Net zero Scope 1 and 2 emissions by 2050 • Set a goal to be a nature positive company by 2030
  • 14. Global Metals and Mining Conference 14 Grow Maximize Value, Drive Free Cash Flow Copper Zinc Steelmaking Coal Global Growth to 2050  2.3x Green technologies, electrification and energy efficiency  2.1x Galvanizing to protect steel, batteries, renewables, infrastructure → 1.0x Seaborne steelmaking coal Decarbonization of coastal blast furnaces, and steel demand resulting from population growth, urbanization and a growing middle class Teck Market Position Top 20 producer today, Potential to become top 101 Largest net zinc miner globally Second largest seaborne steelmaking coal supplier Teck Cost Competitiveness Antamina First quartile2 QB2 Second quartile2 Red Dog First quartile3 Antamina Second quartile3 Steelmaking Coal Delivered Operating Margin Top quartile4 Portfolio of Future-Essential Resources Capitalizing on strong demand in the transition to a low-carbon economy
  • 15. Global Metals and Mining Conference 15 Teck is Among the Lowest Carbon Intensity Miners Our low carbon transition starts from a strong position Teck Carbon pricing already built into majority of our business CO2 Coal Intensity Curve (2020) t CO2e/t saleable coal Cumulative production (Million tonnes) Cumulative production (Million tonnes) Renewable, zero-carbon power sources make up 96% of our operational power CO2 Zinc Intensity Curve (2020) t CO2e/t zinc equivalent CO2 Copper Intensity Curve (2020) t CO2e/t copper equivalent 5 10 Teck Cumulative production (Million tonnes) 5 10 15 Teck 100 200 Low-quartile CO2 emissions per tonne of copper, zinc and steelmaking coal production1 Copper Zinc Steelmaking Coal 300
  • 16. Global Metals and Mining Conference 16 Operational Decarbonization Goals Focusing on material drivers to deliver on our commitments -1 0 1 2 3 4 Carbon Offsets Million tonnes of CO 2 e Carbon Reduction Pathways By 2050 Achieve net zero emissions across operations By 2030 Reduce carbon intensity of operations by 33% By 2025 Achieve net zero Scope 2 emissions Baseline Natural Gas and Coal Electricity Diesel Fugitive Methane Offsets & Insets Legend: Contracting remaining 50% renewable energy at QB2 by 2025 Trolley-assist & zero emission haul trucks Renewable fuels / CCUS / coal drying Assessing fugitive methane emissions
  • 17. Global Metals and Mining Conference 17 Operational Decarbonization Goals Focusing on material drivers to deliver on our commitments Carbon Emission Reduction Activities Exploring the potential use of carbon capture, utilization, and storage (CCUS) Pilot CCUS Assessing fugitive methane emissions 2020 2021 2022 2023 2024 2026 2027 2028 2029 Sourcing 100% renewable energy at Carmen de Andacollo Agreement with Caterpillar to deploy 30 zero-emissions large haul trucks by 2030 Field test early-learner haul truck with Caterpillar Contracting 100% of operational energy at QB2 from renewable sources Evaluating the elimination of fossil-fuel power dryers at our steelmaking coal operations Complete first nature-based solutions offset project Begin transition to zero-emission coal drying Contracted 50% of operational energy at QB2 from renewable sources Piloting and adopting smaller zero emissions vehicles (e.g. electric buses) Teck to pilot electric transport truck at Highland Valley Copper Operations 2025 Net zero Scope 2 emissions 2030 33% intensity reduction Natural Gas and Coal Electricity Diesel Fugitive Methane Offsets & Insets Legend: Begin deployment of 30 Caterpillar zero-emission trucks
  • 18. Global Metals and Mining Conference 18 Near term diesel displacement Zero-emission fleet Zero-emission fleet infrastructure Pathway To Zero Emissions from Haul Trucks Trolley-Assist implementation Electrical infrastructure Hydrogen infrastructure Renewable Fuel Zero-Emission Haul Trucks Energy Intensity Modeling Economic analysis Implement pilot Develop retrofit kits Maximize trolley-assist in 5-year planning process Implement pilot Optimize for blend and cost Refine energy requirements by technology by site Original Equipment Manufacturer collaborations, including Caterpillar – Early Learner & Pilot from 2024 Battery vs. fuel cell economic trade-off analysis Charging station Accelerate capacity expansion Commercialize dynamic charging solutions from ChargeOn Challenge Existing Fleet Legend Zero Emission Solution Infrastructure Existing Fleet Pursuing near term diesel displacement opportunities with renewable fuels and trolley-assist deployments Future Fleet Partnerships with OEMs and other miners to accelerate deployment of zero emission hydrogen and battery electric fleet at our mine sites
  • 19. Global Metals and Mining Conference 19 Supporting Scope 3 Emission Reductions Across Our Value Chain 2030 Goal: Support partners to advance GHG reduction solutions capable of reducing the global carbon intensity of steelmaking by 30% 2030 Goal: Support a 40% reduction in shipping intensity of our steelmaking coal through partnership with customers and transportation providers to establish low-emissions supply chain corridors Transportation Processing 2050 Ambition: Achieve net zero Scope 3 emissions by 2050 Teck/Oldendorff energy efficient bulk carrier agreement (Nov 2021) Rendering of Trail Smelter carbon capture pilot evaluation (May 2022)
  • 20. Global Metals and Mining Conference 20 Our Decarbonization Journey Progressive abatement through 2050 Sourcing 100% renewable energy at Carmen de Andacollo from 2020 Achieving 100% Renewable Power Sourcing >50% of operational energy at QB2 from renewable sources US $4 billion sustainable financing facility inclusive of climate change goals Teck 2020 Climate Change Report Teck and Oldendorff Carriers agree to employ energy efficient bulk carriers to reduce emissions by 45,000 TCO2 Reducing Downstream Emissions Teck’s Highland Valley Copper achieves Canada’s first copper mark verification Teck and DLT Partner to pilot traceability for critical minerals with blockchain Improving Traceability Teck and Caterpillar to advance zero-emissions 30 mining haul trucks through to 2030 Decarbonizing Our Operational Footprint Teck first to pilot electric transport truck at Highland Valley Copper operations Climate Change Transparency
  • 21. Global Metals and Mining Conference Nature Positive
  • 22. Global Metals and Mining Conference 22 Global Context Increased focus on nature: ‘The Next Climate Change’ What we expect to see going forward • Increased international law (Post-2020 Global Biodiversity Framework; 30x30 goals and Nature Positive global goal) • Increased financial disclosure (TNFD) • Future extractive sector action and increased regional regulation • Biodiversity goals critical to sustainability leadership Global biodiversity decreased by 68% from 1970 to 2016 Climate change increasingly linked to biodiversity crisis Continuation of current trajectory will result in 20% of all species becoming extinct in next several decades Over half the world’s economic output (US$44 trillion) is highly or moderately dependent on nature
  • 23. Global Metals and Mining Conference 23 Teck’s Nature Positive Goal Actions include: • Conserving or rehabilitating > 3 ha for every 1 disturbed • Dedicating 25% community investment to nature By 2030, our conservation, protection and restoration of land and biodiversity will exceed the disturbance caused by our mining activities from a 2020 baseline Rehabilitation Nature Positive Conservation
  • 24. Global Metals and Mining Conference How Could Teck be Nature Positive? Nature-informed decision making across mine life cycle and value chain • Guided by Western science and Indigenous learning • Assess biodiversity impacts of our actions, avoid or minimize negative impacts where possible Rehabilitation excellence to accelerate pace and success • In progress for all eligible land impacted by mining at our operations by 2030 • Innovative research and development Conservation, protection and restoration by 2030 to exceed disturbance since 2020 • Actions in each region we operate Mountain goat at a Teck mine site in Canada 24
  • 25. Global Metals and Mining Conference Immediate Action New initiatives include 14,000 hectares (ha) of new conservation at program launch: • Purchase of last remaining unprotected land within the Darkwoods Conservation Area (~8,000 ha in southeast BC, Canada) • Land donation of endangered grassland ecosystem (162 ha in the Luke Creek Conservation Corridor, southeast BC, Canada) • Conserve a unique and high-value wetland ecosystem in partnership with the Ollagüe Quechua community (5,800 ha Salar de Alconcha, Chile) • $10 million Indigenous Stewardship Fund to support capacity building for engagement and participation in conservation • $12 million to support future high priority conservation projects in BC (Nature Conservancy of Canada) Salar de Alconcha wetland ecosystem conservation area in Chile 25
  • 26. Global Metals and Mining Conference Appendix
  • 27. Global Metals and Mining Conference 27 For Further Information Supplemental Information for Investors Click here or scan the QR code below to reference slides Contact Investor Relations investors@teck.com 1.877.759.6226 604.699.4257
  • 28. Global Metals and Mining Conference 28 Endnotes Slide 14: Portfolio of Future-Essential Resources 1. Based on Wood Mackenzie’s Q4 2021 long term outlook. Based on equity ownership and including all probable and possible projects to 2040. 2. Data compiled by Teck based on Wood Mackenzie’s total cash + capex cost curve 2021. 3. Data compiled by Teck based on Wood Mackenzie’s total cash + capex cost curve 2023. 4. Data compiled by Teck based on Wood Mackenzie’s data.