reflects the commitments we make and is represented by the actions we take together to drive progress. It is embedded in our proven business model, guided by our purpose and inspired by our forward focus. The TD Ready Commitment accelerates and amplifies our collective actions in the communities we serve.
Support climate goals and create a more vibrant planet through our collective actions and sustainable financial products, services and programs
Provide equitable access to financial products, services and information, and contribute to more inclusive economic outcomes
Build enterprise resilience through ESG integration
We see opportunity in change and value in innovating for the future. Working together, we can find solutions, overcome local and global challenges and help people, businesses and communities thrive in a changing world.
Norie C. Campbell
Group Head and General Counsel TD Bank Group
“Our Climate Action Plan reflects our commitment to take action to support a just transition to the low-carbon economy. This is a critical priority for us, both within our operations and with clients, so we can deliver new approaches and creative solutions that support a vibrant planet. As we focus on the work ahead to get there, we do so with a strategic mindset and commitment to concentrate our efforts on where we can drive the greatest impact.”
TD’s Climate Goals
The path to net-zero
1st North American bank to become carbon neutral
1st commercial bank in Canada to issue a green bond dedicated to the funding of green initiatives
1st Canadian bank to announce $100 billion target by 2030 to support the transition to a low-carbon economy
Advance clean technology innovation through development of the TD Sustainable Future Lab and expanding Patents for Startups
Issue TD’s first Task Force on Climate-related Financial Disclosures report
Launch the TD Ready Commitment, our global corporate citizenship platform
Announce Climate Action Plan and target net-zero GHG emissions from operations and financing by 2050
End new project-specific financial services within the Arctic Circle, including the Arctic National Wildlife Refuge (ANWR)
Support 479 environmental projects through TD Friends of the Environment Foundation donations
Establish Sustainable Finance and Corporate Transitions Group to support TD Securities clients with ESG services
52% of TD properties are LEED, BOMA, Fitwel and Wired building certified
Meet $56 billion of our $100 billion target through low-carbon lending, financing, asset management and internal corporate programs since 2017
Issue inaugural sustainability bond (US$500 million)
TD Securities a Structuring Advisor for the Government of Canada’s inaugural issuance of green bonds
Join RMI’s Center for Climate-Aligned Finance to align financial decision-making and help decarbonize the global economy
Inaugural TD Securities ESG conference to bring together leading experts and innovators, initiate substantive discussions, and build broader understanding
8th consecutive year on the S&P Global Dow Jones Sustainability World Index
Pledge to join the Net-Zero Banking Alliance to accelerate efforts to address climate change
TD Asset Management (TDAM) becomes a founding institutional investor signatory to the Responsible Investment Association’s (RIA) investor statement on diversity and inclusion (D&I) and RIA’s Canadian Investor Statement on Climate Change
TD Securities is a Joint Lead Manager on the European Union's inaugural NextGenerationEU Green Bond transaction and the only Canadian bank to be involved in the world’s largest green bond issuance
Report on progress against our interim Scope 1 and 2 GHG emissions targets and begin to publish our interim Scope 3 (financed emissions) targets for key carbon intensive sectors
Achieve an absolute reduction in GHG emissions from our operations (Scope 1 and 2 GHG emissions) by 25% by 2025, relative to a 2019 baseline
Achieve $100 billion by 2030 target in support of low-carbon economy through low-carbon lending, financing, asset management, and internal corporate programs
Achieve net-zero GHG emissions associated with our operations and financing activities, aligned to the associated principles of the Paris Agreement