Toronto-Dominion Bank, commonly known as TD, is a leading financial institution headquartered in Toronto, Canada. Established in 1855, TD has evolved into a prominent player in the financial intermediation services sector, specifically focusing on services excluding insurance and pension funding. With a strong presence across North America, TD operates in key regions including Canada and the United States.
TD offers a diverse range of core products and services, including personal banking, investment services, and wealth management, distinguished by their commitment to customer service and innovative digital solutions. The bank has achieved notable milestones, such as being consistently ranked among the top banks in North America, reflecting its robust market position and dedication to excellence in financial services.
+29 vs industry average
Td’s score of 66 is higher than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Td's reported carbon emissions
TD, a financial intermediation services provider headquartered in CA, reported a total of approximately 93.1 billion kg CO2e in emissions for the year 2024. This includes Scope 1 emissions of about 39.3 million kg CO2e, Scope 2 emissions of approximately 5.4 million kg CO2e (market-based), and Scope 3 emissions totalling about 1.2 billion kg CO2e.
In 2023, TD's total emissions were approximately 85.5 billion kg CO2e, comprising Scope 1 emissions of around 40.3 million kg CO2e, Scope 2 emissions of approximately 6.9 million kg CO2e (market-based), and Scope 3 emissions of about 1.1 billion kg CO2e.
The company has established several climate commitments. TD has an interim target to achieve an absolute reduction in its location-based Scope 1 and 2 GHG emissions of 25% by 2025, relative to a 2019 baseline. Additionally, TD aims to achieve net zero emissions by 2030 for both Scope 1 and Scope 2 emissions. TD has also announced a global Climate Action Plan, which includes a target to achieve net-zero GHG emissions associated with its operations and financing activities by 2050, aligning with the Paris Agreement.
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Td’s Climate Goals (2030 & 2050)
5 goals2025
25% reduction in Scope 1
In 2021, we announced our interim target to achieve an absolute reduction in our location-based Scope 1 and 2 GHG emissions of 25% by 2025,…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 5 climate goals
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Scope 3 top emissions categories
6 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Td
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