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2012 Scorecard Material Topic Area
Community Development
Corporate Giving
Financial Literacy and Education
Did not meet Goal
Maintain our charitable giving at or above standards such as the Imagine Canada target and the Giving USA Foundation target of 1%.
Work with community organizations to raise financial literacy levels, with a focus on underserved communities.
Promote access to post-secondary education.
Environment Green our urban environment and enhance biodiversity.
Promote environmental education. Creating
Opportunities for Young People
Promote children’s literacy.
Support young people from diverse and underserved communities.
Help youth access arts and culture.
Affordable Housing
Diversity
Improve the quality and availability of affordable housing units.
In Canada, we designate at least 15% of TD’s giving to diversity-related organizations.
Volunteerism Grow the number of volunteering opportunities available to employees.
Supply Chain Governance
Supplier Diversity
Public Policy
Develop and implement a Responsible Procurement Policy.
Create a level playing field for suppliers certified as being minority- owned.
Transparency Expand reporting of political donations to include U.S. activities.
Rating Comments
• % of five-year average pre-tax profits donated was 1.3% in Canada. • % of net pre-tax income donated was 0.96% in the U.S.
• $2.9 million donated across North America and the U.K. • 49,316 individuals participated in TD-sponsored financial literacy programs across Canada. • Over 2,300 TD volunteers taught money skills in classrooms and community centres in 2012.
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• TD funding supported outreach programs for 10,428 students hoping to pursue post-secondary education in Canada.
• 717 post-secondary education students received a TD-funded scholarship or bursary in Canada.
• 3,600 TD employees and volunteers planted more than 40,000 trees in 138 communities across Canada, the U.S., the U.K. and Luxembourg.
• 513,652 children received environmental education as part of a TD or TD FEF sponsored program in Canada.
• 4 million donated across North America to children’s literacy programs. • Over 550,000 Grade 1 students in Canada received a children’s book to take home.
• 205,569 children and youth who participated in a TD program were from diverse or underserved communities in Canada.
• 254,566 children and youth participated in an arts/culture access or discounted ticket program in Canada.
• $3.45 million donated to organizations dedicated to improving affordable housing. • More than 300,000 bed nights created at the projects funded by the 2012 TD Charitable Foundation Housing for Everyone grant competition.
• 16.5% of community giving in Canada was directed to diversity-focused organizations.
• Through the Volunteer Grants Program, TD donated more than $437,000 to 723 different organizations where TD employees volunteered 40 or more hours. Although participation in the program declined in Canada, we saw over 100% growth in the U.S.
• The new policy came into effect on November 1, 2012.
• We continue to raise awareness of TD’s supplier diversity program through local and regional activities.
• We introduced reporting on TD’s Political Action Committee, which was established in 2011.
» 2012 Context
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Cutbacks in government spending, at all levels, continue to increase pressure on community organizations to raise funds. We continue to see an increased volume of corporate funding applications.
» » Made progress
Strengthen Our Communities
Fully achieved » More detail 2012 Business Highlights
• In 2012, we taught our 1 millionth student through the TD Bank WOW!Zone financial education program.
• We introduced a new survey in Canada to gather more information on the impact of TD’s funding. Going forward, we will use this survey to set targets and track performance.
» TD implemented a new Responsible Procurement Policy.
» Our 2012 reporting now includes improved disclosure on political donations and tax payments.
2012 Challenges
• The launch of an employee volunteer management system was delayed until 2013.
TD 2012 Corporate Responsibility Report