Mr. Jonathan Price reports

NORDEN AND TECK ANNOUNCE EMISSION REDUCTION FREIGHT CONTRACT

NORDEN and Teck Resources Ltd. have agreed to reduce carbon dioxide (CO2) emissions in Teck's steelmaking coal supply chain.

The agreement is expected to reduce annual emissions from Teck shipments handled by NORDEN by 25 per cent, or up to 6,700 tonnes of CO2, equivalent to removing over 1,400 passenger vehicles from the road.

NORDEN will achieve emission reductions by utilizing a range of solutions, including the use of fuel-efficient ships and alternative fuels such as biofuel in combination with an intelligent use of advanced data analytics to optimize vessel speed and routing.

"This innovative partnership with NORDEN is expected to reduce Scope 3 emissions associated with transportation of Teck's steelmaking coal, reducing our carbon footprint and advancing progress developing green transportation corridors," said Jonathan Price, chief executive officer, Teck. "Working with transportation providers like NORDEN to reduce emissions downstream of our business furthers our progress towards achieving our net zero by 2050 goal."

"With this initiative, we are now able to design customer-tailored freight emission contracts where we leverage our combined expertise to develop unique solutions that support our customers' ambitions to lower their supply chain emissions," said NORDEN chief executive officer Jan Rindbo. "NORDEN's strategy of helping our customers decarbonise their supply chains means that we in addition to committing to carbon neutrality in 2050, have short to medium-term commitments, where our goal is to make carbon emission reductions towards 2030."

The emission reduction freight contract is one of several of NORDEN's climate solutions for customers. Learn more about NORDEN'S climate solutions here.

As part of Teck's sustainability strategy, Teck has goals to reduce carbon intensity across operations by 33 per cent by 2030 and be a carbon-neutral operator by 2050.

About Teck Resources Ltd.

As one of Canada's leading mining companies, Teck is committed to responsible mining and mineral development with major business units focused on copper, zinc and steelmaking coal. Copper, zinc and high-quality steelmaking coal are required for the transition to a low-carbon world. Headquartered in Vancouver, Canada, Teck's shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B, and the New York Stock Exchange under the symbol TECK.

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