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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


Eco-Efficiency EC-6 WHY IT’S MATERIAL TO TD +


Eco-efficiency means doing more with less – finding ways to grow our business while reducing our environmental impact. The business case for eco-efficiency is clear. It results in improved business-process efficiency, cost savings, and increased customer and employee satisfaction.


TD’s sustainable energy-efficient concept branch. MANAGEMENT APPROACH


We focus on those aspects of our business operations where we have the biggest opportunity to reduce our environmental footprint:


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Maintaining our carbon-neutral commitment by reducing our energy use, greening our energy supply and offsetting the remaining carbon that we emit


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Reducing our office paper use as well as paper used for our customer statements and commercial printing


n Reducing our water use and waste generation


TD has developed multi-year metrics and targets to track and improve upon our performance. Eco-efficiency programs and reporting are managed through a collaborative approach with key internal business stakeholders: Enterprise, Real Estate, Strategic Sourcing and Information Technology. We collect and review data on a quarterly basis as part of our Environmental Management System.


Achieving Carbon Neutrality


Step 1: Energy Reduction Our electricity use represents a total of 59% of emissions. In 2014, we managed 25 million square feet of North American real estate including more than 2,500 retail stores and branches and 190 corporate offices.


TD 2014 Corporate Responsibility Report Page 39


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Improving the eco-efficiency of our buildings is key to reducing both our carbon footprint and our operating expenses. In 2014, energy-reduction initiatives translated into 55 million KW of energy saved.


In 2014, we added 23 LEED-certified buildings to our portfolio, bringing the total to 140, comprising nearly 1.1 million square feet.


Energy-reduction initiatives: A list of initiatives and the energy saved is available on our website.


Steps 2 and 3: Renewable Energy Credits (RECs) and Carbon Offsets


TD purchases high-quality RECs within North America from renewable-energy projects that have achieved EcoLogoTM


or Green-e®


certification. n


Energy


RECs used to offset 52% of our electricity use, which represents 70% of our emissions from electricity


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More than $7.6 million spent on North American carbon-offset projects since 2010


Over 63% of TD’s carbon offsets were generated through impact investing projects in 2014


First Canadian financial institution to fully adopt Energy Star®


Portfolio Manager®


In 2014, we made the key decision to adopt Energy Star®


Portfolio Manager® to manage


our entire North American real-estate portfolio. Developed and supported by the U.S. Environmental Protection Agency and Natural Resources Canada, the online tool allows TD to track energy use, greenhouse-gas emissions and water use on a facility-by-facility basis, enabling us to benchmark the performance of our facilities against hundreds of similar buildings. We became the first Canadian company to use the online tool across our entire building portfolio. Our goal is to set individual performance targets for each of our facilities by the end of 2015.


+ TD Renewable Energy Credits and Carbon Offsets Map


DID YOU KNOW


The reduction in atmospheric emissions achieved through TD’s 2014 purchases of REC’s and offsets has a natural capital value of over $118 million for the year.





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