TD Securities

TD Securities' climate commitments and emissions data are partly inherited from its parent company, The Toronto-Dominion Bank.

In 2020, TD Securities reported its market-based Scope 1 and 2 emissions at 49,346,000 kg CO2e. This includes approximately 42,512,000 kg CO2e from Scope 1 emissions and 6,835,000 kg CO2e from market-based Scope 2 emissions. Scope 3 emissions for 2020 totalled approximately 1,761,900,000 kg CO2e, primarily driven by purchased goods and services (1,562,900,000 kg CO2e).

Looking back, in 2019, market-based Scope 1 and 2 emissions were approximately 58,772,000 kg CO2e, comprising 50,711,000 kg CO2e from Scope 1 and 8,061,000 kg CO2e from market-based Scope 2. Scope 3 emissions in 2019 were about 1,438,784,000 kg CO2e. In 2018, market-based Scope 1 and 2 emissions stood at approximately 61,103,000 kg CO2e, with Scope 1 at 53,270,000 kg CO2e and market-based Scope 2 at 7,833,000 kg CO2e. Scope 3 emissions for 2018 were approximately 1,374,698,000 kg CO2e.

TD Securities is committed to mitigating 100% of its Scope 1 and 2 emissions by 2030, leveraging energy efficiency, renewable power, lower-carbon fuels and materials, new technology, and high-quality carbon removal credits. The company has also achieved an estimated 44% reduction in its portfolio's financed Scope 1 and 2 GHG emissions intensity from a 2019 baseline as of the end of 2023, aiming for a 50% reduction in financed emissions intensity by 2030. Furthermore, TD Securities supports Canada's commitment to Net Zero by 2050 for all scopes of emissions.