HOW WE OPERATE RESPONSIBLE BANKING WORKPLACE ENVIRONMENT COMMUNITY GOVERNANCE
FS-8
Responsible Finance and Investing (continued)
Company engagement In 2015, TDAM engaged with companies across a broad range of industries, including oil and gas exploration and production, oil and gas drilling and fracturing, mining, consumer staples, consumer discretionary, railroads, pipelines, utilities and telecommunications. The topics discussed included:
• Railroad fuel efficiency, health and safety • Water use, disposal and treatment in oil and gas extraction and mining • GHG emissions in oil and gas extraction and railroads • Hazardous materials leakage during oil and gas extraction • Pipeline safety and integrity issues • Community relations, health & safety issues • Encouraging companies to participate in the Carbon Disclosure Project (CDP) survey
Sustainable investing While ESG considerations are an important part of our investment philosophy and factor into all investing decisions, we also manage a North American socially responsible investing (SRI) portfolio for our wealth management business (TD Private Investment Counsel). The portfolio consists of best-in-class sustainability leaders (80-100% of the portfolio) and emerging environmental specialists (up to 20% of the portfolio).
• The best-in-class segment seeks to invest in companies that are leaders relative to their peers in the areas of environmental impact, corporate governance and social responsibility.
• The environmental specialist segment identifies environmental leaders in water, resource efficiency and alternative energy.
• TDAM published an ESG-related research paper, “Life Under the Dome,” that assessed air pollution in China and the investment implications.
No.
Go Deeper Sustainable Investing Approach
Disclosure on Proxy Practices Page 37 +
UN PRI Transparency Report 2014/15 TDAM + +
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Among 100 SRI investors, TD remained the top holding out of Canada’s banks.
Green vehicle insurance (for hybrids and EVs)
16,605 vehicles covered at end of 2015
9.6% YOY growth
Support to government- initiated renewables and energy efficiency*
$174 million in loans $530 million since 2010 Online/mobile banking GREEN PRODUCT CHOICES – FOR RETAIL AND SMALL BUSINESS CUSTOMERS
Green products are a small but growing segment of our retail and small business offerings. Recent national and regional carbon policy developments in our North American footprint are likely to provide stimulus to this market segment – and TD is well positioned to benefit.
In 2015, we augmented our assessment and development of green products by:
• Enhancing our insurance-related risk-management, underwriting practices and advice offerings, including piloting a water-incident prevention service and introducing a claims advice line and two mobile response units.
• Supporting research aimed at better understanding how energy efficiency may have an impact on building standards and contribute to the value of residential and commercial real estate:
+ “ The Path to Net-Zero Energy Buildings in B.C.: The case for action and the role of public policy” (Pembina Institute)
+ “ Evolution of Energy Efficiency Requirements in the B.C. Building Code” (Pembina Institute)
+ “ The Market Benefits of ‘Green’ Condos in Toronto” (TD Economics special report)
7.4 million accounts 23% YOY growth * Largely in support of the Ontario Feed-in Tariff Program and energy-efficient affordable housing through the U.S. Community Reinvestment Act.
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