Skip to main content
Path to Net Zero
• Mar. 2, 2023

TD is proud to be the first Canadian bank to join other global banks in this commitment to develop and transparently share its Scope 3 targets, as well as a practical methodology that helps chart progress along the journey to achieve net-zero emissions by 2050.

Our 2030 financed emissions targets represent the next step forward in our net-zero commitment. We prioritized the Energy and Power Generation sectors for our initial release of 2030 interim financed emissions targets as those sectors are significant contributors to current global emissions. As a result, these targets will help spur large-scale transformation of the global energy supply away from fossil fuels and towards low-carbon solutions.

Our approach to developing financed emissions targets builds on existing industry frameworks, as per the IEA WEO (International Energy Agency World Energy Outlook) scenario, and is utilized by financial institutions in aligning their financing activities with the Paris Agreement. Setting emissions reduction targets requires a number of scoping and methodology decisions. Find out more about these financed emissions targets, how we’re focusing on an initial set of high-emitting sectors, and our guiding principles in our Target-Setting Methodology Paper.

Want to learn more about insights?
TD Economics Explains: What is inflation?
Alicia Rose: How my volunteer board experiences changed my life
Al Ramsay: Supporting the financial emancipation of Black and Afro-descendant communities

See you in a bit

You are now leaving our website and entering a third-party website over which we have no control.

Continue to site Return to TD Stories

Neither TD Bank US Holding Company, nor its subsidiaries or affiliates, is responsible for the content of the third-party sites hyperlinked from this page, nor do they guarantee or endorse the information, recommendations, products or services offered on third party sites.

Third-party sites may have different Privacy and Security policies than TD Bank US Holding Company. You should review the Privacy and Security policies of any third-party website before you provide personal or confidential information.