49 Business Travel

In 2011 travel-related emissions represented 19% of our total GHG emissions. We saw an 8% increase between 2010 and 2011, which is largely due to U.S. travel relating to bank acquisitions and integration activities.

We conducted research to better understand our business travel patterns and found that:

• Air travel accounts for 68% of our travel-related emissions; • Long-haul trips account for 52% of air-travel-related emissions; and

• Acceptance of video-conferencing is increasing, which has the potential to reduce travel-related emissions significantly.

GHG Emissions by Transportation Mode 2011 (tonnes CO2

e) 2008 2010

Improving Energy Efficiency Carbon Footprint Efficiency (C02

Carbon Footprint Reduction CO2

emissions per employee 3.58 tonnes 2.92 tonnes 3.14 tonnes 3.08 tonnes 2.58 tonnes

Be an Environmental Leader

emissions per employee)

2011

2012

2015 22,807 5,374 195

28,376 Total

CANADA 10,661 12,064 42

22,766 Total

U.S.

In 2011, TD announced a goal to reduce GHG emissions by one tonne per employee by 2015, relative to 2008 levels. This represents a 28% reduction in carbon per person. To date we have achieved a 12% reduction relative to 2008. Most of the reduction will come from embedding energy efficiency into the design, construction and operation of our facilities. Additional savings will be developed through greening our information technology systems, reducing business travel and promoting energy-saving behaviour among employees.

Réduction de l'empreinte carbone Émissions de CO2

par employé 3,58 tonnes 2,92 Green Building Design and Operations tonnes

• Designing and building new green facilities, such as net-zero-energy branches and stores;

Over the past three years TD set a course to become a leader in green building design and operation by: 2008

2010 2011 2012 2015

• Collaborating with our landlords and facilities managers to implement green leases; and

• Energy retrofits of existing buildings that include “smart” building manage- ment programs.

$34 million

invested in green building design and technology since 2009

Since 2009, TD has invested more than $34 million in green building design and technology. During the process, we’ve learned a great deal about energy efficiency and renewables, all of which has been incorporated into TD’s Green Building Standards, which we began implementing across our entire building portfolio in 2012. We recognize the challenge that continuing to reduce our GHG emissions will require more capital-intensive programs with rates of return that stretch from five to eight years.

Case Study

Greening Our Buildings »

3,14 tonnes 3,08 tonnes 2,58 tonnes

TD 2012 Corporate Responsibility Report