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TD Asset Management signs on to the U.N. Principles for Responsible Investment
TORONTO, July 22 /CNW/ - TD Asset Management Inc. is pleased to announce it has become a signatory to the United Nations Principles for Responsible Investment. A signatory to the Principles makes three commitments about integrating environmental, social and corporate governance factors into its investment analysis, and three commitments about encouraging the success of the Principles, all in a way that is consistent with the signatory's legal obligations to its clients. "We have a long history of promoting good governance of the companies in which we invest," said Barbara Palk, President, TD Asset Management Inc. "We look forward to learning from the experiences of signatories from other countries who have developed sound approaches to integrating environmental and social factors into their investment analysis. Learning from their experience can help us achieve better risk-adjusted returns for our clients in a manner that is consistent with their investment objectives and our fiduciary obligations." Becoming a signatory to the Principles builds on TD Asset Management Inc.'s earlier decision to sign on to the Carbon Disclosure Project, and is consistent with the TD Bank Financial Group's Environmental Policy. "The decision by TD Asset Management to sign on to the Principles fits well with our commitment to the environment," added Mike Pedersen, Group Head Corporate Operations, TD Bank Financial Group. "TD is a signatory to a number of leading environmental initiatives worldwide, including the Equator Principles and the U.N. Environmental Program Finance Initiative. TD is also committed to the environment at the local level through our TD Friends of the Environment Foundation, which has given $45 million to fund 17,000 grassroots environment projects since its inception 18 years ago." About TD Asset Management TD Asset Management Inc. is one of Canada's largest investment management firms, with leading market positions in active, enhanced and indexed portfolio management. It is a fully integrated investment management business that offers its clients a wide range of investment options, including pooled investment funds and segregated investment accounts. As of May 31, 2008, TD Asset Management Inc. and its affiliates had over C$178 billion in assets under management for pension, insurance, endowment/foundation and corporate clients, as well as for high-net worth clients and retail mutual funds. About TD Bank Financial Group The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Financial Group. TD Bank Financial Group is the seventh largest bank in North America by branches and serves approximately 17 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; U.S. Personal and Commercial Banking through TD Banknorth and Commerce; and Wholesale Banking, including TD Securities. TD Bank Financial Group also ranks among the world's leading on-line financial services firms, with more than 5.5 million on-line customers. TD Bank Financial Group had CDN$503.6 billion in assets as of April 30, 2008. The Toronto-Dominion Bank trades on the Toronto and New York Stock Exchanges under the symbol "TD", as well as on the Tokyo Stock Exchange.
For further information: Julia Koene, Corporate Communications, TD Bank Financial Group at (416) 307-8664 or firstname.lastname@example.org
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