Canadian Real Estate Secured Lending Portfolio Highlights
G
Purpose Driven
ESG Highlights
TD
Environment
- Announced our interim target for our operational
emissions to achieve an absolute reduction in
greenhouse gas (GHG) emissions from our
operations (Scope 1 and 2 GHG emissions) by 25%
by 2025, relative to a 2019 baseline.
Developed a customized methodology for setting
Scope 3 financed emissions targets and set 2030
Scope 3 targets for the Energy and Power
Generation sectors.
Set a target to hold $15 to $20 billion in green,
social, sustainability and pandemic bonds in our
Treasury investment portfolio by the end of
2025.
- Was Co-Structuring Adviser and a Joint Lead
Manager on the Government of Canada's
inaugural $5 billion green bond issuance in
March 2022.
- Recognized with a "Global Silver Class" distinction
in the 2022 S&P Global Sustainability Yearbook.
TD is the top ranked North American bank in this
ranking.
- For the 8th consecutive year, listed on the Dow
Jones Sustainability World Index, where we are
the top ranked North American-based bank.
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Social
- Announced a US$100 million equity fund in
support of minority-owned small businesses in
the U.S., with US$25 million earmarked for Black-
and Latinx-owned small businesses.
- Increased its financial contribution to a total of $1
million to support humanitarian relief efforts in
Ukraine and assist refugees globally.
- Agreed to conduct a racial-equity assessment of
its Canadian and U.S. employment policies.
Made a broader and longer-term commitment to
increase women in roles titled vice president and
above in Canada to 45% by end of 2025.
- On track to deliver on our 2020 commitments to
double the representation of Black executives by
the end of 2022 and increase Black, Indigenous
Peoples and minority community representation
at VP+ levels by 2025.
- TD Bank (U.S.) has been recognized by DiversityInc
as Top Company for Diversity in 2022 for the
tenth consecutive year and ranked ninth on the
Forbes list of Best Employers for Diversity 2022.
Governance
Formally established the ESG Centre of Expertise
to bring together the experience, expertise and
talent of colleagues working on ESG issues in order
to coordinate and streamline efforts and provide
thought leadership to support related decision-
making.
Introduced regular ESG education sessions with
our Board of Directors and Senior Executive
Team (SET) and incorporated ESG metrics into
the SET compensation plan.
Developed a climate risk inventory to help identify
the impacts climate change may have on TD, our
assets and clients.
Developed a heatmapping framework to support
physical and transition climate risk identification and
assessment (i.e., portfolios and industries most
susceptible to climate change) as part of the
development of our Environmental and Social (E&S)
risk management approach.
Established an ESG Credit Risk team responsible
for identifying, assessing and mitigating the impact
of ESG and climate change-related risks on TD's
credit portfolio.
Building
Tomorrow
Together
2021 Environmental, Social
and Goverence Recon
2021
TD Ready
Commitment
Report
TD
2021
TD's Climate Action Plan
Report on Progress and
Update on TCFD
Advancing Our Climate Action Plan:
Methodology for TD's Interim Financed
Emissions Targets
Energy and Power Generation - March 2022
TD
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