HOW WE OPERATE RESPONSIBLE BANKING WORKPLACE ENVIRONMENT COMMUNITY GOVERNANCE
Measuring our Impact
Understanding the full impact our environmental initiatives is challenging, because there are many different ways to quantify the impact (e.g. kWh saved, emissions saved, dollars invested, etc.). Natural capital valuation lets us assess our impact through an economic lens and provides a common approach to measuring impact. Here are some examples of how we are working toward applying this methodology to our key initiatives:
What is natural capital and why is it important?
BUSINESS OPERATIONS
Initiative Be carbon neutral
Action
Purchase RECs & offsets equivalent to TD's electricity use and GHG emissions
Impact
Since 2010: • $13.5 million invested • Offset over 1.5 million tonnes CO2
Since 2010: • $38 million invested • 79 million kWh saved • 14,000 tonnes CO2
In 2014: • $500 million issuance
avoided
In 2015: • 160,000 MWh energy saved/ green energy generated
• 20,419 tonnes CO2 2015 natural capital value $34 million avoided
• $1 billion in green bond underwriting
2015 natural capital value $2 million 2015 natural capital value $3.5 million
At 2015 end: • 16,605 active hybrid and EV insurance discounts
Since 2012: • Helped to protect 58,000 acres of critical forest habitat
Since 1990: $76 million to over 24,000 local environmental projects
Reduce energy use in our operations
$500 million TD Green Bond issuance
Insurance discounts for hybrid and electric vehicles
Protect critical forest habitats
Fund grassroots environmental initiatives
Energy efficiency GREEN PRODUCTS & FINANCING
Financing the low carbon economy
Green insurance discounts
Grow and enhance green spaces
COMMUNITY TD Friends of the Environment
+ See our full Environmental Impacts table Page 32
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