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Sourcing (continued) HOW WE OPERATE RESPONSIBLE BANKING WORKPLACE ENVIRONMENT COMMUNITY GOVERNANCE


Results from our Responsible Procurement Program in 2015 demonstrate that suppliers continue to improve their practices:


2015 Responsible Procurement Results


Percentage of invited suppliers who agreed to participate in our Responsible Procurement survey


$6+ billion 100


Suppliers who improved their own policies and procedures in response to our review:


health and safety ethical


environmental human rights and labour code


Number of contracts withdrawn as a result of non-compliance to the Responsible Procurement Policy


7


15 28 48


1


Screening for conflict minerals U.S. Dodd-Frank Act came into effect in May 2014 obligating companies that manufacture products to report whether any of their raw materials have been extracted from the Democratic Republic of the Congo (DRC) or other regions where there is armed conflict or instances of human rights abuses. While TD is not required to monitor for conflict minerals, we proactively ask relevant suppliers to report to TD on their compliance. No exceptions were identified, and we will continue to monitor this issue.


TD’s Supplier Diversity program received several awards in both Canada and the U.S.1


1Refer to list of 2015 Awards for more details.


spent in the procurement of goods and services was with suppliers headquartered in North America.


Headline Performance


Emerging issue: Modern slavery The Modern Slavery Act 2015 became law in the United Kingdom on March 26, 2015. The Act requires firms who provide goods or services in the U.K. (and meet the prescribed revenue threshold) to disclose the steps they have taken to ensure that slavery, servitude and forced or compulsory labour and human trafficking are not taking place in their business or supply chains. TD’s Sourcing Group, along with other departments across the bank, are currently assessing what action is needed to comply with these new requirements.


Supplier diversity Designed to create a level playing field, TD’s North American Supplier Diversity Program works to include women, visible minorities, Aboriginal Peoples, the LGBT community, people with disabilities, veterans and other minority groups in our procurement selection process.


TD is a member of eight diverse supplier organizations in North America that certify a supplier’s diversity credentials. We also educate our own employees to raise awareness of our Supplier Diversity Program.


In 2015:


• TD’s group mentorship program continued to help diverse suppliers develop and learn how to do business with large corporations.


• Key primary suppliers reported how much they are spending with their own network of diverse suppliers.


• TD was once again named a top 50 diversity organization by DiversityInc based in part on our supplier diversity practices.


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