Toronto-Dominion Bank (TD Bank)Canada
Created before Nov 2016
Last update: 2019-03-04 17:22:58
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About Toronto-Dominion Bank (TD Bank)

The Toronto-Dominion Bank is a Canadian multinational banking and financial services corporation, operating as TD Bank Group. The bank was created in 1955 through the merger of the Bank of Toronto and Dominion Bank, which were founded in 1855 and 1869 respectively. TD Bank Group is now the second largest bank in Canada by market capitalization and deposits, and one of the ten largests banks in the United States.

Website http://www.td.com
Headquarters
12th Floor, 55 King St. West
ON M5K 1A2 Toronto
Canada
CEO/chair Bharat Masrani
Group President and Chief Executive Officer
Supervisor
Bank of Canada
Annual reports CSR report 2018
Annual report 2018
Ownership
listed on NYSE Euronext & Toronto Stock Exchange

TD Bank's share holder structure can be accessed here.

Related Dodgy Deals

Toronto-Dominion Bank (TD Bank) has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Projects - active profiles

Dakota Access Pipeline United States profile

energy distribution | oil and gas
Debt – project finance
USD 235 million
2 August 2016 - 2 August 2019
source: Sunoco Logistics Partners L.P. 8-K Filing to the US Securities and Exchange Commission, courtesy of Rainforest Action Network
link

Keystone XL pipeline United States profile

oil and gas | transport and infrastructure
Debt – corporate loan
USD 993 million
2007 - 2010
source: Bloomberg
Uncategorised
USD 1.6 billion
2007 - 2010
shares/bonds underwriter or manager
source: Bloomberg

Line 3 Pipeline Replacement Project (L3RP) United States profile

oil and gas | transport and infrastructure
Debt – corporate loan
TD Bank does not provide direct financing for the Line 3 replacement but provides revolving credit for Enbridge.
source: Greenpeace
link

Trans Mountain Pipeline Expansion project (TMEP) Canada profile

oil and gas | transport and infrastructure
Debt – corporate loan
 415 million
31 May 2017
Financed CAD 415 million as part of CAD 5.5 billion credit facility
source: Securities & Exchange Commission
link
There are no active projects for Toronto-Dominion Bank (TD Bank) now.

Projects - on record profiles

Annova LNG Terminal United States profile

oil and gas | transport and infrastructure
Debt – corporate loan
USD 20 million
26 May 2016 - 26 May 2021
Part finance of USD 600 million revolving credit facilty
source: Rainforest Action Network
link

Atlantic Coast Pipeline United States profile

oil and gas | transport and infrastructure
Debt – corporate loan
USD 375 million
August 2016
Participation in syndicated loan (revolving credit) of USD 1.5 billion to Duke Energy
source: Duke SEC 10.1
link
Debt – corporate loan
USD 142 million
January 2015
Participation in syndicated loan (revolving credit) of USD 7.5 billion to Duke Energy
source: Duke SEC 10.1
link

Canadian tar sands Canada profile

oil and gas
Uncategorised
USD 16,027.2 million
2009
Total Tar Sands Financing
source: link
Debt – corporate loan
2007
Bond issue – underwriter
2007
Share issue – underwriter
2007
Uncategorised
2007
Owning or managing shares or bonds

Enbridge Northern Gateway pipelines Canada profile

oil and gas | transport and infrastructure
Debt – corporate loan
USD 3.89 billion
2007 - 2010
general purpose
source: Bloomberg
Uncategorised
USD 1.1 billion
2007 - 2010
shares/bonds underwriter or manager
source: Bloomberg

Companies - active profiles

BAE Systems United Kingdom profile

arms industry and trade
Debt – corporate loan
EUR 100 million
30 April 2018
TD-Bank participated in a syndicated loan to BAE Systems for 100.13 million euro of a total package of 2.3 billion euro.
source: ThomsonEikon

Kinder Morgan United States profile

energy distribution | oil and gas | transport and infrastructure
Debt – corporate loan
USD 137 million
19 September 2014
Co-financed USD 5 billion revolving credit facility
source: www.sec.gov
link

TransCanada Corporation Canada profile

Debt – corporate loan
USD 500 million
14 December 2017 - 14 December 2018
Co financed USD 500 million credit facility to TransCanada American Investment
source: Rainforest Action Network via Bloomberg Professional Services
Debt – corporate loan
December 2017
Co financed USD 1.5 billion credit renewal
source: Data provided by Rainforest Action Network via Bloomberg Professional Services
Debt – corporate loan
December 2016
Co financed USD 5 billion revolving credit facility

Vale Brazil profile

mining - coal | mining - non coal
Debt – corporate loan
USD 3 billion
May 2015 - May 2020
Co-financed USD 3 billion credit facility
source: Vale press release
link
There are no active companies for Toronto-Dominion Bank (TD Bank) now.

Dodgy Deals map

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News

| |
Type:
Year:
blog
external news
our news

BankTrack 2019 Human Rights Benchmark: criteria and scope announced

2019-06-25 | Nijmegen | BankTrack
blog
external news
our news

Banking on Climate Change – Fossil Fuel Finance Report Card 2019

World's top banks have poured $1.9 trillion into fossil fuel financing since the Paris Agreement was adopted, with financing on the rise each year
2019-03-20 | Nijmegen, the Netherlands | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
blog
external news
our news

Global Banks, Led by JPMorgan Chase, Invested $1.9 Trillion in Fossil Fuels Since Paris Climate Pact

2019-03-20 | Desmogblog.com
blog
external news
our news

Banks massively financing fossil fuels unclear about future of ... fossil fuels

Few banks acknowledge relation between fossil fuels and climate breakdown
2018-12-20 | Nijmegen | Claire Hamlett – BankTrack
blog
external news
our news

HSBC's shift on energy lending has Suncor throwing its toys out of the pram

But new policy is no isolated move - finance for tar sands will dry up, just as it is doing for coal.
2018-08-09 | Claire Hamlett – BankTrack, Ryan Brightwell – BankTrack
blog
external news
our news

TD vows to continue financing resource sector

2018-03-30 | The Globe and Mail
blog
external news
our news

'Extreme' fossil fuel investments have surged under Donald Trump, report reveals

2018-03-28 | The Guardian
blog
external news
our news

Bank financing of ‘extreme fossil fuels’ rises 11% to $115bn

2018-03-28 | The Financial Times
blog
external news
our news

Report finds major banks ramped up fossil fuel financing to $115 billion in 2017

Despite 2017 being the costliest year on record for weather disasters, new report reveals that banks increased extreme fossil fuel financing last year, led by a more than doubling in lending to tar sands companies and pipelines.
2018-03-28 | Nijmegen, the Netherlands | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
blog
external news
our news

Banks warned of tar sands pipelines investment risks in new report

2017-10-31 | Greenpeace, Oil Change International
blog
external news
our news

Indigenous Groups Lead Movement to Call on Banks to Drop Enbridge’s Controversial Line 3 Pipeline

Tribal Nations based in Minnesota oppose the project and the Minnesota Department of Commerce has condemned it
2017-09-21 | Minneapolis, MN | Honor the Earth, Rainforest Action Network
blog
external news
our news

Greenpeace Investor Briefing: Problematic Pipelines

Investor risk from bank financing of tar sands pipelines
2017-09-20 | Greenpeace
blog
external news
our news

TCFD: banks supporting better disclosure are not the ones exiting coal project finance

Bank support for FSB Task Force recommendations is welcome, but reveals lack of joined-up thinking
2017-07-31 | Ryan Brightwell – BankTrack, Yann Louvel – BankTrack
blog
external news
our news

28 major banks warned not to finance Trans Mountain pipeline expansion

Over 20 Indigenous and environmental groups deliver urgent letter.
2017-06-09 | BankTrack, Rainforest Action Network, others
blog
external news
our news

Indigenous leaders launch new campaign to defund all four proposed tar sands pipelines

2017-05-09 | Turtle Island | Mazaska Talks
blog
external news
our news

Energy Transfer: Which banks continue to support the company behind DAPL?

2017-04-06 | Alison Kirsch - Rainforest Action Network
blog
external news
our news

First Nations across North America ask TD Bank to step away from financing of Kinder Morgan Pipeline

Grand Chief Simon Appeals to Investors, Shareholders at TD Annual General Meeting
2017-03-31 | Toronto | Treaty Alliance
blog
external news
our news

Who's bankrolling TransCanada?

Banking on TransCanada means banking on Keystone XL
2017-03-24 | Alison Kirsch - Rainforest Action Network
blog
external news
our news

New report finds banks betting on climate change

Seventh annual bank finance Report Card reveals major banks poured hundreds of billions into extreme fossil fuels
2016-06-14 | Nijmegen, San Francisco | BankTrack, Rainforest Action Network, Sierra Club and Oil Change International
blog
external news
our news

Katuah EF! Shuts Down TD Bank in Protest Against Keystone XL Pipeline

2013-03-22 | Katuah Earth First!
blog
external news
our news

Equator Principles goes beyond project finance, improves transparency

2012-08-13 | Environmental Finance
blog
external news
our news

Greenwash of the Week

2012-04-25 | RAN understory blog
blog
external news
our news

While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning

2011-10-25 | Washington | prizmablog.com
blog
external news
our news

Time to Improve the Equator Principles, BankTrack Says

2011-10-24 | Washington | Social Funds
blog
external news
our news

BankTrack to Equator Principles banks; ‘get the Outside Job done’

Equator Principles update must lead to new Principles focused on people and planet
2011-10-23 | Washington | BankTrack
blog
external news
our news

Financiers search for sustainable future

2011-10-20 | Washington | Environmental Finance
blog
external news
our news

New rules for Equator Principles, but no new commitments from banks

New governance rules represent missed chance for Equator Principles to take bold steps forward on transparency and accountability
2010-07-01 | Nijmegen, the Netherlands | BankTrack
blog
external news
our news

Equator Principles: Action, not words needed

BankTrack calls upon Citi, new chair of Equator Principles to take bold steps forward
2010-03-15 | Nijmegen, The Netherlands | BankTrack
blog
external news
our news

Civil society groups call for bold steps forward with Equator Principles

Major reforms needed on transparency, accountability, implementation and climate change
2010-01-14 | Nijmegen | BankTrack
blog
external news
our news

Rainforest Action Network study ranks financed emissions of Canadian banks

Website lets customers compare carbon footprint of personal accounts
2008-11-19 | San fransisco | Rainforest Action Network
blog
external news
our news

Activists to banks: behave better in the Boreal

Market activists invite bank executives to develop new best practices
2005-09-07 | San Fransisco | Rainforest Action Network

Documents

| | | | | | | | | | | |
Type:
Year:
annual reports

CSR report 2018

2019-06-24 00:00:00 | TD Bank
our publications

Annual General Meeting Shareholder Briefing TD

2019-04-10 00:00:00 | BankTrack
annual reports

Annual report 2018

2019-03-04 00:00:00 | TD Bank
csr policies

Exclusion list

Date listed represents date as accessed on website
2019-03-04 00:00:00 | TD Bank
csr policies

Environment policy

Date listed represents date as accessed on website
2019-03-04 00:00:00 | TD Bank
correspondence

Letter from BankTrack and 120 organisations to TD Bank on Demands FBNT campaign

2018-10-16 00:00:00 | BankTrack and 120 organisations
annual reports

Annual Report 2017

2018-04-01 00:00:00 | TD Bank Group
annual reports

CSR report 2017

2018-03-31 00:00:00 | TD Bank Group
csr policies

Slavery and Human Trafficking Statement

2018-03-31 00:00:00 | TD Bank Group
ngo documents

How banks contribute to human rights violations: responses to the Business & Human Rights Resource Centre

2018-02-28 00:00:00 | Business & Human Rights Resource Centre
correspondence

Letter from TD Bank to Business and Human Rights Resource Centre, BankTrack on How banks contribute to human rights violations

2018-01-15 00:00:00 | TD Bank
csr policies

Statement on anti-corruption

2017-12-31 00:00:00 | TD Bank
ngo documents

Problematic pipelines: Investor risk from bank financing of tar sands pipelines

2017-09-20 00:00:00 | Greenpeace
correspondence

Letter from RAN and 13 others to 14 banks that underwrote Kinder Morgan Canada IPO on warning to finance the IPO

2017-06-06 00:00:00 | Rainforest Action Network et al
annual reports

Annual report 2016

2017-06-01 00:00:00 | TD Bank Group
annual reports

CSR report 2016

2017-06-01 00:00:00 | TD Bank Group
annual reports

CSR report 2015

2017-04-06 00:00:00 | TD Bank Group
csr policies

Details on Environmental and Social Credit Risk Process and Prohibited Transactions

2017-04-06 00:00:00 | TD Bank Group
bank documents

Equator Principles reporting 2016

2016-12-31 00:00:00 | TD Bank Group
correspondence

Letter from 500 organisations to TD Bank on financing DAPL

2016-11-30 00:00:00 | 500 organisations
bank documents

Carbon and water assessment

2016-10-31 00:00:00 | TD Bank Group
our publications

Banking with Principles? Second Edition June 2016

Benchmarking Banks against the UN Guiding Principles on Business and Human Rights
2016-06-30 00:00:00 | BankTrack
our publications

Shorting the Climate

Fossil Fuel Finance Report Card 2016
2016-06-14 00:00:00 | BankTrack, Rainforest Action Network, Sierra Club and Oil Change International
annual reports

2015 Annual Report

2016-01-24 00:00:00 | TD Bank Group
annual reports

CSR Report 2014

2015-09-08 00:00:00 | TD Bank Financial Group
bank documents

TD's 2014 Natural Capital Valuations

2015-04-21 00:00:00 | TD Bank Financial Group
annual reports

Annual Report 2014

2015-04-02 00:00:00 | TD Bank Financial Group
csr policies

Position Statement on Responsible Energy Development

2014-03-31 00:00:00 | TD Bank Group
csr policies

Environmental and Social Credit Risk Process for non-retail credit business lines

2014-03-21 00:00:00 | TD Bank Group
correspondence

Letter from BankTrack to EPFIs on issues around Equator Principles Review process

2010-12-18 00:00:00 | Banktrack
ngo documents

Financing Global Warming: Canadian Banks and Fossil Fuels

2008-11-19 00:00:00 | RAN

Media



Links

TD corporate responsibility pages

http://www.td.com/corporateresponsibility/

TD's Policies and References page

https://www.td.com/corporate-responsibility/policies/index.jsp

TD Bank environment page

https://www.td.com/corporate-responsibility/environment/index.jsp

TD Bank's web page on policies and references

https://www.td.com/corporate-responsibility/report-centre/policies.jsp

Policies

Voluntary initiatives

Toronto-Dominion Bank (TD Bank) has committed itself to the following voluntary standards:

Investment policies

TD Bank's corporate responsibility web page can be accessed here.

Year:
csr policies

Exclusion list

Date listed represents date as accessed on website
2019-03-04 00:00:00 | TD Bank
csr policies

Environment policy

Date listed represents date as accessed on website
2019-03-04 00:00:00 | TD Bank
csr policies

Slavery and Human Trafficking Statement

2018-03-31 00:00:00 | TD Bank Group
csr policies

Statement on anti-corruption

2017-12-31 00:00:00 | TD Bank
csr policies

Details on Environmental and Social Credit Risk Process and Prohibited Transactions

2017-04-06 00:00:00 | TD Bank Group
csr policies

Position Statement on Responsible Energy Development

2014-03-31 00:00:00 | TD Bank Group
csr policies

Environmental and Social Credit Risk Process for non-retail credit business lines

2014-03-21 00:00:00 | TD Bank Group

Campaigns

Toronto-Dominion Bank (TD Bank) and the Equator Principles

The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.

The Equator Principles exist already since 2003. Toronto-Dominion Bank (TD Bank) adopted the Equator Principles in 2007.

Reporting on the Equator Principles

Toronto-Dominion Bank (TD Bank) must report annually on its implementation of the Equator Principles. All information is supposed to be found here.

Dodgy Deals

Toronto-Dominion Bank (TD Bank) is involved in financing the following Equator Principles projects that BankTrack considers controversial.

Active

Dakota Access Pipeline United States

energy distribution | oil and gas
Active

Trans Mountain Pipeline Expansion project (TMEP) Canada

oil and gas | transport and infrastructure

Human rights

True leader Front runner Follower Laggard
BankTrack has assessed Toronto-Dominion Bank (TD Bank) on its implementation of the UN Guiding Principles on Business and Human Rights in June 2016. Toronto-Dominion Bank (TD Bank) is assessed as a Laggard, with a total score of 0.5/12.
Policy: 0/3Due dilligence: 0/3
Reporting: 0.5/3Remedy: 0/3
For more details, see Banking with Principles? 2016 update.

Equator Principles

Implementation and reporting

Toronto-Dominion Bank (TD Bank) is reporting on the implementation here.

Contact and complaints

Equator Principles Dodgy Deals

Projects

Active

Dakota Access Pipeline United States

energy distribution | oil and gas
Active

Trans Mountain Pipeline Expansion project (TMEP) Canada

oil and gas | transport and infrastructure

Good moves

Year: