TD Securities

TD Securities, headquartered in CA and operating within financial intermediation services (excluding insurance and pension funding), reported a total of approximately 1.78 billion kg CO2e across Scope 1, 2, and 3 emissions in 2020. This figure is a calculated total combining all scopes.

In 2019, TD Securities' total emissions were approximately 1.52 billion kg CO2e. The company's Scope 1 emissions in 2020 were about 42.5 million kg CO2e, with Scope 2 emissions (market-based) at approximately 6.8 million kg CO2e and Scope 2 emissions (location-based) at about 94 million kg CO2e. Scope 3 emissions in 2020 were substantial, with purchased goods and services accounting for approximately 1.56 billion kg CO2e.

TD Securities has made several climate commitments. The organization plans to mitigate 100% of Scope 1 and 2 emissions by 2030 through strategies such as energy efficiency, renewable power, and the use of carbon removal credits. Furthermore, it aims for a 50% reduction in its portfolio's financed Scope 1 and 2 greenhouse gas emissions intensity from a 2019 baseline by 2030. As of the end of 2023, an estimated 44% reduction in this financed emissions intensity had already been achieved. Canada, as a nation, has committed to Net Zero by 2050, a goal that aligns with long-term climate strategies.

The emissions data for TD Securities is cascaded from its parent organisation, TD Securities, Inc. Certain initiatives, such as CDP and RE100, are reported at the cascade level 1, sourced from The Toronto-Dominion Bank.