TORONTO, June 4 /CNW/ - On the eve of World Environment Day, TD Bank
Financial Group today announced it has updated its environmental strategy and
published an Environmental Management Framework available on its corporate
website at www.td.com/environment.
    The framework outlines how TD will manage and minimize the impact of
environmental risks and issues arising from its business operations and is
organized around Forest Biodiversity, Climate Change, Aboriginal Peoples and
TD's Operational Footprint. The framework builds on the Bank's 2005
environmental policy and its support for community-based environmental
activities through the TD Friends of the Environment Foundation, which since
1990 has provided more than $40 million in funding to grassroots environmental
and wildlife projects.
    "As responsible corporate citizens, we recognize that environmental and
social sustainability are important to all of us," said Fred Tomczyk, Vice
Chair, Corporate Operations, TD Bank Financial Group. "The publishing of our
framework helps us to reflect the values of our stakeholders, in addition to
being fundamental to risk management and our long-term economic growth."
    During the course of developing the framework, TD consulted with a
variety of non-governmental organizations (NGOs), shareholders, research
centres and customers. TD also worked with Sustainable Finance Ltd., advisors
to the financial sector on sustainability opportunities. "We'd like to thank
each of the organizations with whom we consulted for their constructive input
and we look forward to continuing to have an active dialogue with them," said
Tomczyk.
    "Managing our business in a way that takes account of environmental risks
and opportunities is simply good business," said Tomczyk. "We know it's going
to take hard work, resources, and a willingness to act, yet we believe issues
such as biodiversity, climate change and the health of forest ecosystems are
important and we're confident that by doing our part, we can make a
difference."
    Beginning in February 2008, TD's Corporate Responsibility Report will
outline the progress it has made in the implementation of its Environmental
Management Framework.

    About TD Bank Financial Group

    The Toronto-Dominion Bank and its subsidiaries are collectively known as
TD Bank Financial Group. TD Bank Financial Group serves more than 14 million
customers in four key businesses operating in a number of locations in key
financial centres around the globe: Canadian Personal and Commercial Banking
including TD Canada Trust; Wealth Management including TD Waterhouse and an
investment in TD Ameritrade; Wholesale Banking, including TD Securities; and
U.S. Personal and Commercial Banking through TD Banknorth. TD Bank Financial
Group also ranks among the world's leading on-line financial services firms,
with more than 4.5 million on-line customers. TD Bank Financial Group had
CDN$397 billion in assets, as of April 30, 2007. The Toronto-Dominion Bank
trades on the Toronto and New York Stock Exchanges under the symbol "TD".

For further information: Matthew Cram, TD Bank Financial Group, (416)
983-1514