Customers
Workplace
Environment
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How We Operate
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MATERIAL TOPIC
Community Investment
Context
• With some 165,000 charities and non-profits in Canada1
and 1.1
million in the U.S., we see a growing need for more collaboration within the sector.
• In the past five years, the impact investing industry has grown tremendously. Impact investing is one form of socially responsible investing, with the intention of generating social and environmental impacts as well as a financial return. In 2010, global assets under management in impact investing were estimated to be approximately $50 billion and are expected to reach at least $400 billion by 2020.2
Materiality and Strategy
Our success as a company depends on the well-being of the communities we serve, and we believe in playing an active role in their development, whether it be through volunteering or providing community investment. While there are many worthy causes to support, focusing our efforts on our key priorities allows TD to maximize our contribution and impact.
TD’s giving priorities were chosen based on research that included customer and employee feedback, as well as insight on where TD could be most effective in creating positive change within our local communities.
For the last decade we have used strategic philanthropy to guide TD’s giving to focus on four priority areas:
• Financial literacy and education; • The environment;
• Creating opportunities for young people in Canada;
• Affordable housing in the U.S.
In addition, we look for opportunities to invest in initiatives that touch on two or more giving priorities (e.g., environmental education) and support diversity across our giving priorities.
+ More on TD’s community strategy
Goals and Targets 2013 Goals and Targets
Maintain our charitable giving at or above standards: the Imagine Canada target and the Giving USA Foundation target of 1%.
50% of giving is applied to TD’s giving priorities.
Performance Benchmark Rating 2013 Results
% of five-year average pre-tax profits donated was 1.3% in Canada.
% of net pre-tax income donated was 0.87% in the U.S.
Canada: 56.2% applied to areas of focus.
U.S.: 58.6% applied to areas of focus.3
1 Imagine Canada. Sector Monitor Highlights 2012.
2 O’Donohue, N., C. Leijonhufvud and Y. Saltuk (2010). Impact Investments: An Emerging Asset Class (New York: J.P. Morgan Global Research). Available at
www.jpmorgan.com/pages/ 3 Charitable giving percentage reflects only giving from TD Charitable Foundation. Sponsorship dollars are not tracked for area of focus. 4 Giving in Numbers CECP, 2013, page 6.
Continue target into 2014. 2014 Targets Continue target into 2014.
We use Imagine Canada and the Giving USA Foundation standard of 1% of pre-tax profit as a bench- mark for corporate donations. Giving amounts from the largest 100 companies in the Fortune 500 average 0.96% of pre-tax profit.4
TD 2013 Corporate Responsibility Report
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