TD Bank Group Helps in Transition to Low-Carbon Economy

TD Bank Group recently released its 2016 Corporate Responsibility Report showcasing its continued commitment to support the transition to a low-carbon economy.

Since 2006, TD has contributed $12 billion to low-carbon initiatives in various areas of focus, such as green bonds, eco-efficiency upgrades and community environment projects.  

Over the last decade, TD has provided $10.8 billion in financing to the low-carbon sector, helping fund companies and projects that help reduce greenhouse gas emissions. In 2016, there were more than 1,900 loans made to small-scale energy-efficiency projects, an increase of 50% from 2014.

TD has continued to meet its carbon neutral commitment across its operational footprint and has reduced its greenhouse gas emissions by 24% since 2008. Over the last decade, TD invested $83 million in eco-efficiency upgrades to its corporate and retail facilities, such as the generation of renewable energy through on-site solar panels and paper waste reduction.

In 2014, TD issued the TD Green Bond, the first in Canada by a commercial bank, with an issuance of $500 million; funds were allocated to green infrastructure, renewable energy development and energy efficiency projects. The bank also participated in green bond underwriting, totaling $5.4 billion since 2010. Last year, TD issued a $750 million Ontario green bond that supported eight low-carbon infrastructure projects in the province.

To learn more about how TD is supporting the transition to the low-carbon economy, visit www.td.com/corporate-responsibility/