Customers Responsible Finance
Sustainable Investing
Headline Performance
48 companies engaged on governance issues through the Canadian Coalition for Good Governance.
107 shareholder proposals
supported on environmental and social issues.
ESG considerations
applied to 100% of TDAM’s investment research process.
Workplace
Environment
Communities
How We Operate
67
Performance Benchmark
TD is the top holding among the big five Canadian banks in more than 100 SRI funds that represent some US$25 billion in assets under management.
Based on fund holding data collected in November 2013 from public sources, including fund filings, and other sources. The big five Canadian banks include TD, Bank of Montreal, CIBC, Royal Bank and Scotiabank.
TD Asset Management (TDAM) manages more than $220 billion in assets on behalf of retail and institutional investors. TDAM is a fiduciary for its clients and a signatory to the United Nations Principles for Responsible Investing (UNPRI).
A recent survey of fund managers reported that there continues to be a lack of understanding from investors and a lack of clarity from managers on the value of including environmental, social and governance (ESG) matters as part of investment decision-making.1
TD believes that integrating relevant ESG factors into investment decision- making provides an enhanced analysis of investment risk. As a signatory to the UNPRI, TDAM is the only investment business of a major Canadian financial institution to make this commitment.
TDAM integrates ESG factors into its research and investment decision-making process and is an active owner. They directly engage with companies through:
• Management meetings with company leaders to understand the potential impacts of ESG risks on company earnings and on the processes in place to manage those risks;
• Formal written communications on specific ESG issues; and
• Proxy voting on items presented at portfolio meetings.
1
ESG Interest and Implementation Survey, Callan Associates, 2013.
TD 2013 Corporate Responsibility Report
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