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TD Bank Financial Group Publishes New Environmental Management Framework
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
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