Customers Measuring Our Financial Impact
In both Canada and the U.S., corporate giving increased from 2012 levels. In the U.K. corporate donations are generated through an employee matching program. The reduction in giving can be attributed to a lower number of employees in the U.K. office compared to 2012.
When measuring our financial impact, TD takes a conservative approach as to what types of donations to include. Our corporate giving total does not include in-kind donations, program management costs (i.e., salaries of the community relations team), marketing sponsorships or the value of hours volunteered by employees.
+ London Benchmarking Group Canada Summary
Corporate Giving
Canada1 U.S.2
(millions of Canadian dollars) (millions of U.S. dollars) U.K. (thousands of pounds sterling)
2013 50.9 22.9 55
2012 45.3 19.5 64
1 Excludes in-kind donations, such as donated equipment, computers and furniture, and program management costs. 2 Includes US$16.38 million from the TD Charitable Foundation (2012 – US$15.8 million, 2011 – US$16.2 million).
2011 42.6 23.6 74
Workplace
Environment Impact Investing
A relatively new term, “impact investing” describes a range of finance and investment activities that have the dual goal of creating positive social impact in their communities and providing a financial return. Impact investments range from clean technology financing, social impact bonds and microfinance to investments in community-based initiatives such as affordable housing, Aboriginal-led businesses and social enterprises.
TD has been committed to the principles of impact investing for over a decade, both within our own operations and through participation in external initiatives. Our activity can be grouped into the the four areas outlined below:
Building on our range of work in impact investing, in 2013 we increased our engagement by finding ways to further promote and support development of this growing industry. Beyond its relevance to TD and our customers, we are eager to play a bigger role in tapping its potential to help resolve some of the complex social challenges we see around us.
Among our activities during the past year, TD became a founding sponsor of the Ontario Catapult Microloan Fund, the first of its kind in Canada to support enterprises that address social, environmental, cultural or economic challenges while generating revenue. This social finance initiative between CSI, the Province of Ontario, Alterna Savings, Microsoft Canada, TD Bank Group, KPMG and Social Capital Partners provides early-stage entrepreneurs and innovators with low-interest loans of $5,000–25,000 and support services such as mentorship.
Community Giving in Canada Community Giving in U.S.
Responsible Lending
Sustainable Investment
Impact Products
Education and Financial Literacy Environment
Opportunities for Young People Other
16.4% 14.5% 25.3% 43.8%
Education and Financial Literacy Environment
Affordable Housing Other
28.1% 1.1%
19.3% 51.5%
1
Community Development
• Environmental and Social Risk Policy » • Lending for Renewable Energy Projects »
• Signatory to the United Nations Principles of Responsible Investing (UNPRI) »
• TD is the largest Canadian green bond underwriter.1 • Green product offering for customers »
• Community development loans in the U.S. to help economic development of underserved areas »
www.climatebonds.net/2014/01/green-bond-underwriters-league-table-released-for-2013-10-billion-biggest-issuance-year-yet-seb- boaml-morgan-stanley-credit-agricole-and-jp-morgan-on-top/
TD 2013 Corporate Responsibility Report
Communities
How We Operate
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