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TD Bank Group Recognized as World Leader for Corporate Action on Climate Change
TORONTO, Oct. 15, 2014 /CNW/ - TD Bank Group today was awarded a position on The A List: The CDP Climate Performance Leadership Index 2014 for its actions to reduce carbon emissions and mitigate the business risks of climate change. TD is the only Canadian financial institution named to the index.
The global index includes 187 listed companies identified as demonstrating a superior approach to climate change mitigation. It was produced by CDP at the request of 767 investors who represent more than a third of the world's invested capital. Information provided by nearly 2,000 listed companies was independently assessed against CDP's widely respected scoring methodology and the companies ranked accordingly.
"TD is proud to be recognized as a global leader by CDP," said Karen Clarke-Whistler, Chief Environment Officer, TD. "We've been a leader in both understanding carbon risks and opportunities in all our business activities, and this recognition is a great endorsement of our efforts and will inspire us as we continue to look for innovative ways to manage carbon."
Climate performance leaders on CDP's A List index have collectively reduced their total emissions by 33 million metric tons in the past reporting year, while also achieving impressive financial results.
"We've made carbon reduction a driver of how we design facilities and operate our business across North America," said Roger Johnson, Senior Vice President, Enterprise Real Estate, TD. "We continually look for ways to make our facilities more energy efficient, whether by reducing energy use or generating renewable energy. Our focus on green building design and renewable energy use are transforming the way we do business."
CDP performance scores provide a tool for institutional investors and stakeholders to evaluate and track corporate efforts to mitigate climate change.
"Global greenhouse gas emissions continue to rise and we face steep financial risk if we do not mitigate them," said Paul Simpson, Chief Executive Officer, CDP." The business case for action to mitigate climate change has never been stronger or more urgent. For this reason we congratulate those businesses that have achieved a position on The A List: The CDP Climate Performance Leadership Index. These companies are responding to market demand for environmental accountability and at the same time are making progress towards the realization of sustainable economies."
The A List: CDP Climate Performance Leadership Index 2014, along with the climate disclosures of all companies publicly taking part in CDP's climate change program this year, is available on the CDP website: https://www.cdp.net/en-US/Pages/events/2014/cdp-leaders.aspx
About TD Bank Group
The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group ("TD"). TD is the sixth largest bank in North America by branches and serves over 22 million customers in three key businesses operating in a number of locations in financial centres around the globe: Canadian Retail, including TD Canada Trust, TD Auto Finance Canada, TD Wealth (Canada), TD Direct Investing, and TD Insurance; U.S. Retail, including TD Bank, America's Most Convenient Bank, TD Auto Finance U.S., TD Wealth (U.S.), and an investment in TD Ameritrade; and Wholesale Banking, including TD Securities. TD also ranks among the world's leading online financial services firms, with approximately 8.8 million active online and mobile customers. TD had $922 billion in assets on July 31, 2014. The Toronto-Dominion Bank trades under the symbol "TD" on the Toronto and New York Stock Exchanges.
CDP is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. CDP works with market forces, including 767 institutional investors with assets of US$92 trillion, to motivate companies to disclose their impacts on the environment and natural resources and take action to reduce them. CDP now holds the largest collection globally of primary climate-change, water and forest risk commodities information and puts these insights at the heart of strategic business, investment and policy decisions. Please visit www.cdp.net or follow us @CDP to find out more.
SOURCE TD Bank Group
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