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 41 is higher than 94% 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 included 14,807,000 kg CO2e from Scope 1, 49,335,000 kg CO2e from Scope 2, and significant contributions from Scope 3, particularly in business travel. In Canada, Scope 1 emissions were about 25,280,000 kg CO2e, while Scope 2 emissions totalled approximately 26,561,000 kg CO2e, with business travel also contributing to Scope 3 emissions. Over the years, TD has shown a commitment to reducing its carbon footprint, with notable emissions reductions from previous years. For instance, in 2022, the total emissions were approximately 65,174,000 kg CO2e globally, indicating a slight decrease in emissions in 2023. However, specific reduction targets or initiatives have not been disclosed, and there are no documented reduction targets or climate pledges available. TD's emissions are primarily from Scope 1 and Scope 2, which encompass direct emissions from owned or controlled sources and indirect emissions from the generation of purchased electricity, respectively. The company continues to monitor and report its emissions, aligning with industry standards for transparency and accountability in climate action.
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Get Started| 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.
