REUTERS

TD Bank Group Launches Initiatives to Support a Sustainable and Prosperous Future

TD Bank Group (No. 38 on the DiversityInc Top 50 Companies list) has announced a set of initiatives to advance the low-carbon economy of the future.


These initiatives include a target of CDN$100 billion in low-carbon lending, financing, asset management and other programs by 2030. TD is taking clear steps to help accelerate the development of a low-carbon economy, while recognizing the importance of responsibly developing conventional energy, vital to North America’s economic strength and security.

“Our economy is changing and TD intends to fully participate” said Bharat Masrani, Group President and CEO, TD Bank Group. “The initiatives outlined today build on our heritage of environmental and financial leadership to further advance a sustainable and prosperous future, where communities thrive economically and environmentally for both the short and long-term.”

TD’s low-carbon initiatives to support the $100 billion target include:

  • Work with companies, ventures and projects that are driving innovation and contributing to carbon emissions reduction, energy-efficient housing and urban green space enhancement.
  • Accelerate the low-carbon economy including renewable and clean energy technologies, businesses and processes through TD’s low-carbon lending, financing, asset management (in accordance with TD Asset Management’s sustainable investing approach) and other programs.
  • Foster understanding and dialogue through research, publishing and conversations to help society and the economy make a successful transition.
  • Enhance focus on successful green bonds strategy, (issuing, underwriting and investing) to support projects that provide both economic growth and environmental benefit.
  • Build on a 7-year track record of carbon neutrality to further reduce TD’s carbon footprint.
  • Plant 1 million new trees in communities in North America, more than doubling the number planted since 1990.

“TD is demonstrating the crucial role that financial institutions can and should play in supporting economic prosperity and transformational technology. We are determined to identify and advance initiatives with positive impact for society and our economies,” said Norie Campbell, Group Head, Customer & Colleague Experience, TD Bank Group.

TD was among the first in the banking industry to recognize climate change as an economic and environmental megatrend. This understanding has served as the foundation for TD’s expanding focus on low-carbon initiatives.

TD Milestones

  • 2009: TD Economics issues its first paper on carbon pricing
  • 2010: First major North American-based financial institution to become carbon neutral
  • 2013-2017: Recognized as a top performing Canadian bank for climate disclosure by CDP
  • 2013-2017: Listed on DJSI World Sustainability Index; only Canadian bank last 3 years
  • 2014: First Canadian bank to issue a green bond
  • 2015: Joined RE100; met our 100% renewable electricity commitment
  • 2016: Reduced TD’s GHG emissions by 24% since 2008
  • 2016: Helped protect 60,000 acres of critical forest habitat in the past five years and helpe plant 900,000 trees since 1990
  • 2016: TD Securities participated in $6.5 billion of green bond underwriting since 2010
  • 2017: TD Friends of the Environment Foundation enters its 27th year with the support ofmore than 180,000 donors, having providedapproximately $82 million toover 24,000 environmental projects and programs across Canada.
  • 2017: Issued US$1 billion green bond, TD’s first in the United States
  • 2017: One of 16 banks around the world committed to pilot the recommendations of the Task Force on Climate-related Financial Disclosures under the leadership of the United Nations Environment Programme Finance Initiative
  • 2017: TD achieves 249 LEED-certified locations in North America

Surveys conducted for TD by Environics Research found that a majority of people in the U.S. and Canada are concerned about climate change, but most don’t have a clear understanding of the low-carbon economy and how it has the potential to shape the future over the next several decades.

  • Over 70 percent of people surveyed in Canada and 60 percent of people surveyed in the U.S. feel poorly informed about climate change and energy issues
  • The majority of people surveyed in both Canada and the U.S. consider environmental concerns a priority
  • More than half support responsible energy development to meet existing energy demands.

Learn about career opportunities at TD Bank

Latest News

thanksgiving, truth

The Truth You May Not Know About Thanksgiving

On Thursday, Nov. 26, many Native Americans and their allies across the country will observe the 51st National Day of Mourning. While most Americans will sit down to Thanksgiving dinners — albeit (hopefully) smaller ones than in years past due to COVID-19 — this counter-observance is designed as an ongoing…

President-elect Joe Biden

President-Elect Joe Biden’s Potential New Cabinet Filled With Historic Firsts; New Report Details the Top 10 Careers Most Impacted by COVID-19; and More

President-elect Biden continues his push for an administration that “looks like America.” With more than a month to go until he is even sworn in as the 46th president of the United States and his transition to the office finally underway after weeks of delay, President-elect Joe Biden is already…

Pascal Desroches

AT&T Chief Financial Officer John Stephens to Retire in March 2021. WarnerMedia’s Pascal Desroches to Succeed Stephens

Originally published on att.com. AT&T [DiversityInc Hall of Fame company] Chief Financial Officer John Stephens has announced his plans to retire next March after 28 years with the company. WarnerMedia CFO Pascal Desroches has been named to succeed Stephens, effective April 1, 2021. During the transition period, Desroches will serve as…

Atatiana Jefferson

Wrongful Death Lawsuit Filed in Police Shooting of Atatiana Jefferson; Drug Industry Announces Diversity Guidelines in Development of New Medications; and More

Wrongful death lawsuit filed in the fatal shooting of Atatiana Jefferson by police. Family members of Atatiana Jefferson, a 28-year-old Black woman who was fatally shot by police through a window in her own home, have filed a wrongful death lawsuit against the city of Fort Worth, Texas and the…

Southern Company: Georgia Natural Gas Opens 10th Annual TrueBlue Community Awards Call for Entries

Originally published on southerncompany.com. Honor recognizes nonprofits supporting Georgia during COVID-19 and distributes grants to sustain continued efforts Georgia Natural Gas (GNG), Georgia’s leading natural gas provider, announces the call for entries for the 10th Annual TrueBlue Community Awards. This year, the awards will recognize hardworking Georgia nonprofits for their service providing COVID-19 relief…

Cori Bush

Multiple Congressmen ‘Accidentally’ Called Cori Bush, Missouri’s New Representative, ‘Breonna’; American Medical Association Classifies Racism as a Threat to Public Health; and More

Multiple congressmen “accidentally” called Missouri’s new representative Cori Bush  “Breonna” during Capitol event. Congresswoman-elect Cori Bush said she was stunned and hurt on the evening of Nov. 16, after a number of different Republicans called her “Breonna” during a new member orientation at the Capitol in Washington, D.C. Bush, who…

transgender, election

Meet 6 Transgender and Gender-Nonbinary Politicians Who Broke Ground in 2020

Despite the fraught nature of the 2020 presidential election results, victories at state levels put at least six transgender and nonbinary individuals in legislative positions. These small but significant gains for transgender visibility in politics came just before Transgender Awareness Week, which celebrates transgender people from Nov. 13–19 before Transgender…