20 What is TD Forests?

TD Forests is the first program we have developed that explicitly seeks to embed an environmental perspective across all aspects of our business. We aim to:

• Reduce the environmental impact of our business operations;

• Support responsible resource development through industries that we finance;

• Develop green product options for our customers; and

• Engage our employees and communities to provide measurable environmental benefit.

Launched in 2012, the program has two simple components:

1) Reduce the total amount of paper that we use and ensure that the paper that we purchase comes from sustainably managed forests.

2) Grow the area of protected natural forest ecosystems across North America.

GOAL: reduction

in TD’s paper usage by 2015 (relative to a 2010 baseline)

20% Reducing paper

Each and every year we use about 14,000 tonnes of paper. Our commitment to paper reduction means:

• Reducing all types of paper that we use, including office paper, commercial print, business forms and paper we send to our customers;

• Increasing the recycled content of our paper; and

• Ensuring that the paper we do use comes from certified sustainably managed forests.

Reducing our dependency on paper-based information means changing our business processes. Some of the ways that we are doing this are:

• Providing incentives for business managers by developing a costing model that puts a price on paper and the cost of paper management;

• Expediting projects that have the potential to reduce paper demand, such as printer consolidation, print on demand, e-reporting and digitization of business processes;

• Creating opportunities for knowledge exchange among our businesses;

• Enhancing our online statement and other e-banking services; and

• Engaging our employees to identify ways to reduce paper use, to change behaviours and to measure the impact of that change.

But let’s face it, despite these actions, we will continue to use a lot of paper. That is why it is equally important to educate our suppliers and employees on best practices in sustainable forest management.

Modern forestry techniques incorporate practices to ensure that managed forests are replanted to provide a renewable and sustainable natural resource. Programs such as the Forest Stewardship Council (FSC) and the Sustainable Forestry Initiative (SFI) provide certifications of sustainable forest management. Through TD Forests, we encourage the use of sustainably produced forest products and, through partnerships with groups such as the Ontario Forestry Association, we provide educational opportunities.

Explore the TD Forests Interactive Map to view tree planting and conservation projects across North America.

TD 2012 Corporate Responsibility Report