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A collective journey
• Mar. 2, 2023

Achieving the goals of the Paris Agreement will require collective effort over the long term, with complex transition strategies within and across multiple industries. In many cases, new solutions will need to be envisioned, developed and deployed at scale.

The combined resources and continued collaboration across the private, public and research sectors are needed to help successfully transition each industry and the broader economy. TD customers and clients want TD to address climate change as an urgent issue and support their efforts. However, they are concerned about the economic and social implications of the transition for the future of the communities in which they live. We intend to understand the unique challenges and opportunities within key industries and work closely with businesses, regulators and organizations as they build and deploy their transition programs. There are clear opportunities to accelerate progress in many sectors, while others will require significant planning and investment.

Here are a few concrete steps we have taken:

• We have established an ESG Centre of Expertise to participate in the global efforts needed to enable the low-carbon economy.

• We are providing clients with advisory services and important transition and sustainability- focused financing globally through the newly formed Sustainable Finance and Corporate Transitions group within TD Securities.

• We announced a $1.25-million, five-year commitment to the Institute for Sustainable Finance (ISF30) to support aligning mainstream financial markets with Canada’s transition to a lower-carbon economy.

• We joined Net Zero Banking Alliance (NZBA) and Glasgow Financial Alliance for Net Zero (GFANZ), to bring our deep expertise and strong balance sheets to drive solutions for the sustainable economy that Canada and the world needs.

• We joined the Partnership for Carbon Accounting Financials (PFAC) to support the development of carbon accounting methodologies for financial institutions globally.

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