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How We Operate


51


Toward a Low-Carbon Economy


In 2010, TD committed to being carbon neutral, the first North-American-based bank to do so. We made this commitment to challenge ourselves to separate TD’s business growth from our greenhouse gas (GHG) emissions.


In managing carbon, TD aims to:


• Improve the eco-efficiency of our business operations;


• Understand risks related to financing of high-carbon-emitting industries;


• Create innovative financial products to support renewable energy development and fuel-efficient vehicles; and


• Increase employee awareness and support community energy initiatives.


Goals and Targets 2013 Goals & Targets 1. Be carbon neutral.


2. Reduce GHG emissions by 1 tonne CO2


by 2015.


3. Set specific targets for employee business travel.


4. Improve technology to encourage video-conferencing to reduce business travel.


5. At least 20% of emissions from electricity will be offset with renewable energy credits.


6. At least 50% of carbon offsets will be developed through impact investing projects.


TD 2013 Corporate Responsibility Report


Made progress by completing a detailed analysis of travel patterns.


Increased video-conferencing units by 57% and saved over 3.4 million kilometres in travel and 1,339 metric tonnes of CO2


virtual meeting technology. Offset 73% of GHG emissions from electricity.


50% of carbon offsets were developed through impact investing projects.


At least 40% of emissions from electricity will be offset with renewable energy credits.


At least 50% of carbon offsets will be developed through impact investing projects.


e through the use of Implement travel reduction plan in 2014.


Develop metrics and targets to track use of virtual meeting technology.


e per employee


Be Carbon Neutral: Our Approach Step 1


Step 2 Reduce energy use.


Green our energy supply through the purchase of renewable energy credits and incorporation of renewable energy generation into our facilities.


Step 3


Develop innovative, North-American-based carbon offsets with commercial and social partners.


Rating 2013 Results


Maintained carbon neutrality as TD continues to grow.


GHG emissions reduced by 0.63 tonnes CO2 employee since 2008.


e per


2014 Targets Be carbon neutral.


Reduce GHG emissions by 1 tonne CO2 employee by 2015.


e per


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