Td
Toronto-Dominion Bank, commonly known as TD, is a leading financial institution headquartered in Toronto, Canada. Established in 1855, TD has grown to become one of North America's largest banks, with a significant presence across Canada and the United States. The bank operates primarily in the banking and financial services industry, offering a wide range of products including personal and commercial banking, wealth management, and insurance services. TD is renowned for its customer-centric approach and innovative digital banking solutions, which set it apart in a competitive market. With a strong commitment to sustainability and community engagement, TD has achieved notable recognition, including being named one of the world's most sustainable banks. As a trusted financial partner, TD continues to expand its services while maintaining a robust market position.
DitchCarbon Score
How does Td's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Td's score of 46 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Td's reported carbon emissions
In 2023, TD reported total carbon emissions of approximately 64,142,000 kg CO2e in the US and about 51,840,000 kg CO2e in Canada. The emissions breakdown for the US includes 14,807,000 kg CO2e from Scope 1 and 49,335,000 kg CO2e from Scope 2, while Scope 3 emissions accounted for 21,226,000 kg CO2e. In Canada, Scope 1 emissions were 25,280,000 kg CO2e, Scope 2 emissions were 26,561,000 kg CO2e, and Scope 3 emissions from business travel were 20,849,000 kg CO2e. Over the years, TD has shown a commitment to reducing its carbon footprint. In 2021, the total emissions were approximately 67,017,000 kg CO2e in the US and 53,811,000 kg CO2e in Canada. This indicates a reduction in emissions in both regions by 2023. However, specific reduction targets or initiatives have not been disclosed, and there are no documented climate pledges or SBTi (Science Based Targets initiative) reduction targets available. TD's emissions data spans multiple years, with significant figures from previous years including 120,101,000 kg CO2e in 2020 and 159,304,000 kg CO2e in 2019. The company has reported emissions across all three scopes, demonstrating a comprehensive approach to carbon accounting. Overall, while TD has made strides in reducing its emissions, further transparency regarding specific reduction targets and initiatives would enhance its climate commitment profile.
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| 2015 | 2016 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 2,100,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 17,400,000 | 00,000,000 | 000,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 3,700,000 | 0,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Td is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
