TD Releases 2020 Environmental, Social and Governance Report and TD Ready Commitment Report
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Reports describe how the Bank accelerated its efforts and broadened its positive impact in a year of significant change and disruption
TORONTO and CHERRY HILL, N.J., March 5, 2021 /CNW/ - In a world disrupted by COVID-19, TD directly contributed to positive change and societal progress to help promote a better, more sustainable and inclusive tomorrow.
TD's 2020 Environmental, Social and Governance (ESG) Report, Adapting with Purpose, outlines how the Bank accelerated its efforts, elevated its contributions and enhanced its oversight and measurement of ESG practices. The 2020 TD Ready Commitment Report highlights the progress and impact TD has achieved through its corporate citizenship platform with a focus on financial health, social inclusion, equitable health outcomes and the environment to create the conditions for everyone to succeed in an ever-changing world. Together, these reports demonstrate how the Bank is fulfilling its promise – to enrich the lives of our customers, communities and colleagues.
Commencing in 2021, TD will link senior executive compensation with the Bank's ESG performance, further reinforcing the importance of ESG as a core component of TD's business globally.
"TD's purpose, to enrich the lives of our customers, colleagues and communities is the foundation of all we do", said Norie Campbell, Group Head and General Counsel, TD Bank Group. "The challenges that came with 2020 have further strengthened our resolve to build a more sustainable and inclusive future. Through our strong commitment to ESG, the actions we are taking will support long-term prosperity and growth, creating opportunity for all to succeed in a rapidly changing world."
Also released today, the 2020 Managing Climate-Related Risks and Opportunities Report covers TD's progress implementing recommendations from the Task Force on Climate-related Financial Disclosures (TCFD). This report shares how the Bank is continuing to embed climate-related considerations into its business as part of its broader commitment to environmental transparency and accountability.
Key highlights described in the Bank's reports include:
About TD Bank Group
The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group ("TD" or the "Bank"). TD is the fifth largest bank in North America by assets and serves over 26 million customers in three key businesses operating in a number of locations in financial centres around the globe: Canadian Retail, including TD Canada Trust, TD Auto Finance Canada, TD Wealth (Canada), TD Direct Investing, and TD Insurance; U.S. Retail, including TD Bank, America's Most Convenient Bank®, TD Auto Finance U.S., TD Wealth (U.S.), and an investment in The Charles Schwab Corporation; and Wholesale Banking, including TD Securities. TD also ranks among the world's leading online financial services firms, with more than 14 million active online and mobile customers. TD had CDN$1.7 trillion in assets on January 31, 2021. The Toronto-Dominion Bank trades under the symbol "TD" on the Toronto and New York Stock Exchanges.
SOURCE TD Bank Group