Td Sustainability Profile
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 83 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Td's reported carbon emissions
In 2024, TD Bank reported total carbon emissions of approximately 46,661,000 kg CO2e in Canada and about 67,586,000 kg CO2e in the US. Globally, their emissions included 39,292,000 kg CO2e from Scope 1, 53,500,000 kg CO2e from Scope 2, and a significant 1,144,923,000 kg CO2e from Scope 3 emissions. The bank has set ambitious targets to reduce its carbon footprint, aiming for a 25% absolute reduction in Scope 1 and Scope 2 emissions by 2025, relative to a 2019 baseline. Additionally, TD Bank has committed to achieving net zero emissions by 2030 for both Scope 1 and Scope 2 emissions. The bank's previous commitments included maintaining zero increase in absolute Scope 1 and 2 emissions from a 2015 baseline by 2020, which reflects a 32% reduction target. These initiatives are part of TD's broader sustainability strategy, which is aligned with industry standards and best practices in climate action. The emissions data and reduction targets are sourced directly from The Toronto-Dominion Bank, ensuring transparency and accountability in their climate commitments.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 53,680,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 146,995,000 | 000,000,000 | 000,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | 0,000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Td's Industry?
How Carbon Intensive is Td's Location?
Td's Scope 3 Categories Breakdown
Td's Scope 3 emissions, which increased by 11% last year and decreased by approximately 5% since 2018, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 88% of Scope 3 emissions.
Top Scope 3 Categories
Td's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Td has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
