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


Community Investment Financial Education Affordable Housing Sourcing Tax Policy


Reporting


Sourcing G4-12 WHY IT’S MATERIAL TO TD +


We view our suppliers as an extension of our brand, integral to helping us run a responsible, efficient business as we strive to deliver legendary experiences to our customers. TD works with thousands of suppliers each year and we can only be a truly sustainable company if those in our supply chain are too.


MANAGEMENT APPROACH HEADLINE PERFORMANCE $5.7 billion


spent in the procurement of goods and services of our expenditure was with suppliers based in North America


Supply chain management continues to grow in complexity, as our business grows and the external landscape evolves. New types of risks are emerging around geopolitics, corporate reputation and data security, generating a heightened focus on risk management as it relates to procurement.


As a major purchaser, TD is committed to using our influence to drive strong ethical, social and environmental performance across our supply chains. TD’s Strategic Sourcing Group works to ensure that we have a responsible and diverse network of suppliers who deliver high-quality and appropriate goods and services.


TD given a Greener Purchasing Award from Office Depot


GO DEEPER


RESPONSIBLE PROCUREMENT POLICY SUMMARY


SUPPLIER CODE OF CONDUCT PROSPECTIVE SUPPLIER WEBSITE


TD 2014 Corporate Responsibility Report Page 55


+ + +


We aim to buy products and services from suppliers who share our values and demonstrate responsible practices through strong sustainability programs.


Our Responsible Procurement Policy embeds a wide range of sustainability criteria into TD’s sourcing practices and decisions. Prospective suppliers must complete a questionnaire that encompasses their:


n Corporate responsibility performance n Health and safety record


n


Human rights and labour practices, including child or forced labour


n Diversity and inclusion efforts n


Code of conduct, ethics and anti-bribery/ anti-corruption practices


n Environmental sustainability efforts EC-8 FS-1 FS-2 FS-3


The questionnaire and risk assessment process help ensure that TD extends its responsible procurement agenda into the supply market. We assign a risk rating to the type of product or service being sourced and apply enhanced due diligence to higher-risk categories.


TD’s Supplier Code of Conduct provides further transparency concerning TD’s expectations. The code reflects and frames the principles set out in TD’s Responsible Procurement Policy, as well as the minimum performance standards and obligations that suppliers and their subcontractors must meet when doing business with TD.


2014 PERFORMANCE


We assessed 108 suppliers against our Responsible Procurement Policy, up from 85 in 2013. We are expanding the scope of our responsible procurement assessment by sending questionnaires to suppliers who had existing contracts before the policy was introduced. The first phase of this implementation focused on TD’s top suppliers and will continue into 2015.


2014 Spend on TD’s Sourcing


11% Real Estate


15%


HR Services, Travel


and Marketing


20% IT and


Communications $5.7 Billion


23% Professional


Services


31% Business


Operations





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