45 Why Is a Bank Concerned About the Environment?

We equate a healthy environment with a healthy economy. The combined pressures of population growth and urbanization place growing demands on basic resources – such as energy, water and land. These resources, so often taken for granted, are becoming increasingly constrained, and costs are rising.

Our environmental strategy has the goal of embedding an environmental perspective into all aspects of our business. We implement our strategy through four environmental pillars:

• Reducing the environmental footprint of our business operations;

• Responsible financing that includes proactive management of environmental and related social risks;

• Developing green product and service options for our customers; and

• Engaging our employees and communities to raise environmental awareness and make an impact.

The majority of TD’s operations and business activities occur in North America, and this shapes our specific areas of focus within our environmental pillars.

The feature article on TD Forests explains how TD worked to embed an environmental perspective about paper across our business, starting with engaging our customers and employees, developing new product and service options, improving our business management processes and investing in community partnerships to provide a measurable environmental benefit.

Environmental governance

TD is committed to managing the impact of our operations on the environment and embedding environmental management and continuous improvement into all areas of our business. This commitment is the foundation of our environmental management system (EMS), which is based on International Standard ISO 14001:04 and is supported by TD’s:

• Environmental Policy; • Operational policies and procedures; • Environmental standards and positions; • Goals and targets; and • Environmental performance records,

The Chief Environment Officer is responsible for ensuring that the EMS is maintained in accordance with the requirements of ISO 14001:04 and for reporting to the Risk Committee of the Board of Directors on the performance of the EMS, including corrective action for continual improvement.

+ Environmental Governance Structure

Our key environmental impacts of greenhouse gas emissions and paper are independently assured by Ernst & Young, LLP. An internal audit of the EMS will be conducted as part of TD’s rotational audit plan.

Be an Environmental Leader

TD 2012 Corporate Responsibility Report