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Environmental Leadership


Building The Better Bank Material Issues How We Operate Responsible Banking Extraordinary Workplace Environmental Leadership


Natural Capital Adapting to a Changing Climate Eco-Efficiency Responsible Finance and Investing Green Product Options


Strengthening Communities Reporting


Introducing Natural Capital CASE STUDY


To understand TD’s environmental performance, it helps to know what we mean by the term “natural capital” and how this concept has become a focus of our environmental strategy.


As a financial institution we are committed to measuring our impacts. In 2013 we initiated a program, in collaboration with TD Economics, aimed at gaining a better understanding of the links between the environment and the economy. In 2014, we built on this program by developing a framework for the valuation of natural capital. This framework has been applied in a number of instances in this report.


“Natural capital is the stock of natural resources (finite or renewable) and ecosystems that provide direct or indirect benefits to the economy, our society and the world around us.” TD Economics


Natural capital recognizes that environmental and social benefits have a financial value that can be calculated. The concept of natural capital can be widely applied – for example to a tree, a city or an entire ecosystem.


Why is natural capital so important? Natural capital valuation helps to inform better planning and decision-making by extending a business-case assessment to include the value of environmental benefits.


What is natural capital and why is it important?


Follow TD’s Chief Environment Officer @KClarkeWhistler


Meeting our environmental challenges


TD Bank ranked 18 in the EPA’s Green Power Partnership National Top 100


Environmental Protection Agency


TD Chief Environment Officer named one of Canada’s 2014 Clean16 for “outstanding contribution to clean capitalism”


GO DEEPER


TD’S 2014 NATURAL CAPITAL VALUATIONS


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VALUING THE WORLD AROUND US: AN INTRODUCTION TO NATURAL CAPITAL +


THE VALUE OF URBAN FORESTS IN CITIES ACROSS CANADA


URBAN FORESTS: THE VALUE OF TREES IN THE CITY OF TORONTO


TD 2014 Corporate Responsibility Report Page 36


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