In 2010 we became the first North American-based financial institution to achieve carbon-neutral status. Since then, we have continued to meet our commitment to carbon neutrality.
How we meet our carbon neutral commitment:
Reduce energy use and charge our businesses $10/tonne of CO2e
Generate renewable electricity from our facilities; purchase certified EcoLogo or Green-e renewable energy credits (RECs)
Offset remaining GHG emissions with innovative North American-based carbon offsets
Step 1: Reduce our Energy Use
TD’s commitment to carbon neutrality has transformed the way we design and operate our buildings. With an increased understanding of green building principles we have developed standards that challenge us to design buildings that produce energy rather than consume it. In 2014, we became the first Canadian financial institution to fully adopt Energy Star® Portfolio Manager®.
There are many other ways that we are working to reduce TD’s energy use:
Green IT initiatives to reduce the demand for energy from the technology that keeps our business running;
Improved videoconference options to cut down on business travel; and
Employee awareness campaigns to encourage energy-saving behaviour in the workplace.
Step 2: Green Our Energy Supply
TD is recognized across North America as an environmental leader in the purchase of green renewable energy. All of the electricity for our U.S. operations, including our ATM network, is supplied by renewable energy, as well as a, significant portion in Canada. Our electricity supply is our greatest producer of carbon, but we are able to offset this by purchasing Renewable Energy Credits.
Step 3: Develop Innovative, North-American Based Carbon Offsets
TD is committed to developing innovative carbon offsets from projects located within our North American operating footprint. In addition, at least 50% of our carbon offsets are generated through impact investing in projects undertaken with social partners such as schools, institutions, and Aboriginal communities.