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Home › Banks ›
Bank
Toronto-Dominion Bank (TD Bank)Canada

Active

This profile is actively maintained
Last update: 2024-12-17 11:14:18
Toronto-Dominion Bank head office. Photo: Al x alx_andru via Wikimedia Commons (CC0 1.0 public domain)

Active

This profile is actively maintained
Last update: 2024-12-17 11:14:18
Bank info
BankTrack campaigns
All
About
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
Ownership
listed on NYSE & Toronto Stock Exchange

TD Bank's shareholder structure can be accessed here.

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 largest banks in North America.

Sustainability
Commitments
Policies
Voluntary standards

TD Bank's most important sustainability commitments can be found at the website sections listed below.

Links

TD Ready commitment

ESG policies and references

2024-11-25 00:00:00

Sustainable financing framework

Bank policy
2024-11-25 00:00:00 | Toronto-Dominion Bank
2024-08-01 00:00:00

Statement on Human Rights

Bank policy
2024-08-01 00:00:00 | TD Bank
2024-03-01 00:00:00

Statement on Anti-Corruption

Bank policy
2024-03-01 00:00:00 | TBD Bank
2024-01-01 00:00:00

Code of Conduct

Bank policy
2024-01-01 00:00:00 | TD Bank
2023-11-28 00:00:00

Environmental and Social Risk Policy

Bank policy
2023-11-28 00:00:00 | TD Bank
2023-03-01 00:00:00

Cautionary Statement Regarding Thermal Coal Position

Bank policy
2023-03-01 00:00:00 | TD Bank
2022-03-23 00:00:00

Modern slavery and human trafficking statement

Bank policy
2022-03-23 00:00:00 | TD Bank
2022-03-01 00:00:00

Statement on Anti-Money Laundering, Anti-Terrorist Financing and Sanctions

Bank policy
2022-03-01 00:00:00 | TD Bank
2022-01-31 00:00:00

Code of Conduct and Ethics

Bank policy
2022-01-31 00:00:00 | TD Bank
2021-07-09 00:00:00

Statement on human rights

Bank policy
2021-07-09 00:00:00 | TD Bank
2020-11-09 00:00:00

Climate action plan

Bank policy
2020-11-09 00:00:00 | TD Bank
2020-11-03 00:00:00

Non-Retail Environmental and Social Credit Risk Process

Bank policy
2020-11-03 00:00:00 | TD Bank
2020-03-31 00:00:00

Statement on Anti-Corruption

Bank policy
2020-03-31 00:00:00 | TB Bank
2019-06-24 00:00:00

Responsible Financing

Page 17 of TD's CSR report 2018
Bank policy
2019-06-24 00:00:00 | TD
2019-03-04 00:00:00

Exclusion list

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

Environment policy

Bank policy
2019-03-04 00:00:00 | TD Bank
Toronto-Dominion Bank (TD Bank) has committed itself to the following voluntary standards:
Business for Social ResponsibilityTags: corporate social responsibility
Carbon Disclosure ProjectTags: carbon | climate change | greenhouse gas emissions
Equator PrinciplesTags: Equator Principles | project finance | corporate social responsibility | sustainable development
Global Reporting InitiativeTags: sustainable development | human rights
Partnership for Carbon Accounting Financials (PCAF)Tags: carbon | corporate social responsibility
Principles for Responsible Investment (PRI)Tags: corporate social responsibility | sustainable development | United Nations
Principles for Sustainable InsuranceTags: corporate social responsibility | United Nations
Task Force on Climate-related Financial Disclosures (TCFD)Tags: corporate social responsibility | finance
UNEP Finance InitiativeTags: United Nations | sustainable development
Dodgy Deals

Toronto-Dominion Bank (TD Bank) is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Toronto-Dominion Bank (TD Bank)'s link to these deals.

Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
BankTrack news BankTrack blog Partner news Partner blog

The world’s biggest climate finance coalition is in crisis. Is it worth saving?

BankTrack mentioned
2025-02-19 | Climate Home News
BankTrack news BankTrack blog Partner news Partner blog

RBC Quits Climate Group as Canadian Banks Follow Wall Street

2025-01-31 | BNN Bloomberg
Blog
BankTrack news BankTrack blog Partner news Partner blog

Without tackling plastic finance, we walk on a dead-end road

2025-01-29 | Manon Stravens - Profundo
BankTrack news BankTrack blog Partner news Partner blog

Top Canadian banks latest to pull out of Net Zero Banking Alliance

BankTrack mentioned
2025-01-28 | Global Trade Review (GTR)
Blog
BankTrack news BankTrack blog Partner news Partner blog

The NZBA’s moment of truth

With 11 major US and Canadian banks leaving the Net Zero Banking Alliance (NZBA), it’s a pivotal moment for the initiative to finally live up to its promise - or die trying
2025-01-21 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Most large banks still failing to implement UN human rights principles, new BankTrack benchmark finds

Despite gradual progress, banks show little action in addressing impacts, protecting vulnerable groups and supporting affected communities.
2024-11-27 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

The 2024 Global Coal Exit List: Too much coal and too little exit

2024-10-30 | Berlin | urgewald
Blog
BankTrack news BankTrack blog Partner news Partner blog

As the world chokes in plastic, banks continue to finance plastic production

New research reveals a lack of bank policies dealing with the impact of plastics on climate, nature and humans
2024-10-17 | Amsterdam | BankTrack, Plastic Soup Foundation, Profundo
Blog
BankTrack news BankTrack blog Partner news Partner blog

Energy supply financing ratios: the next milestone in banks’ climate strategy

The energy supply financing ratio is a key indicator that synthesizes two major challenges in limiting global warming to 1.5°C: the phase-out of fossil fuels and the development of sustainable alternatives.
2024-10-07 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks must overhaul climate targets to deliver emissions cuts, new analysis finds

Reclaim Finance is urging banks to rethink their targets, and in particular to jettison the widely used “financed emissions” and “facilitated emissions” targets.
2024-09-19 | Reclaim Finance
BankTrack news BankTrack blog Partner news Partner blog

Commentary: Canada’s Big Five Bank CEOs On Trial

On June 13, 2024, I traveled to Ottawa to watch an unprecedented event.
2024-08-13 | Fossil Free RBC
Blog
BankTrack news BankTrack blog Partner news Partner blog

BankTrack set to publish 2024 Global Human Rights Benchmark in November

50 of the world’s largest banks were invited to provide feedback on draft assessments of their human rights disclosures
2024-07-23 | Nijmegen, Netherlands | Giulia Barbos – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Gulf Coast residents and major organizations call on financial institutions to phase out financing of LNG projects in the Rio Grande Valley

“We will hold any financial institutions that choose to support these projects accountable for such impacts.”
2024-07-22 | New York City | Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Biggest banks finance more carbon pollution than emissions of Italy, Germany, France and UK combined

New report by ReCommon exposes carbon pollution financed by the world’s biggest banks ahead of G7 finance ministers meeting
2024-05-21 | Rome, Italy | ReCommon
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks financed fossil fuels by $6.9 trillion dollars since the Paris Agreement; $705 billion provided in 2023 alone; JPMorgan Chase, Mizuho, and Bank of America are worst 3 funders

Annual Banking on Climate Chaos report with an updated methodology offers comprehensive look at who’s bankrolling the climate crisis
2024-05-13 | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks have not quit coal, 8 years after the Paris Agreement

Banks in China dominate global coal financing; those in Indonesia are outliers in having increased finance for coal since 2016
2024-05-03 | Nijmegen | Will O'Sullivan – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Canada's Big Five Banks: Heading to Net Zero?

Assessments of climate governance, financing portfolios, and policy engagement
2024-03-06 | InfluenceMap
Blog
BankTrack news BankTrack blog Partner news Partner blog

Financiers warned of huge risks to communities and biodiversity as Rio Tinto approves world’s biggest mining project

2024-02-26 | Accra, Ghana and Nijmegen, Netherlands | BankTrack, Advocates for Community Alternatives (ACA)
BankTrack news BankTrack blog Partner news Partner blog

Canada's TD Bank faces penalty for faulty anti-money laundering controls - The Globe and Mail

2024-01-26 | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

67 organisations call on banks to cease financing metallurgical coal

Banks risk stranded assets & climate catastrophe in steel lending without metallurgical coal exclusions
2023-12-07 | Nijmegen | BankTrack, Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Decarbonization: steel not making the cut

Analysis by Reclaim Finance shows that few financial institutions have steel targets, and that those that have been adopted are riddled with flaws
2023-08-23 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Canadian bank RBC the #1 financier of fossil fuels, world’s biggest banks continued to pour billions into fossil fuel expansion

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
2023-04-13 | San Francisco | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

TD Bank eyes $500bn sustainable and decarbonisation finance target for 2030

2023-03-20 | | Fintech Global
BankTrack news BankTrack blog Partner news Partner blog

TD announces new interim financed emissions targets and TD Pathways to Economic Inclusion as part of its continued efforts to advance a sustainable and inclusive future

2023-03-16 | TD Bank
Blog
BankTrack news BankTrack blog Partner news Partner blog

Throwing fuel on the fire: GFANZ members provide billions in finance for fossil fuel expansion

2023-01-17 | Paris, France /Nijmegen, Netherlands | BankTrack, Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Exposed: Western banks funding Qatar’s carbon bombs

US$ 20 trillion estimated damage linked to massive gas expansion by hosts of 2022 World Cup
2022-12-08 | Henrieke Butijn – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

New human rights assessment of banks shows slow progress and lack of action to address key gaps on reporting and remedy

BankTrack’s 2022 Global Human Rights Benchmark finds reporting at a standstill, remedy still lacking and no clear leaders
2022-11-17 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Canadian banks having second thoughts about Mark Carney’s green alliance over legal, governance risks

2022-09-29 | The Globe and Mail
Blog
BankTrack news BankTrack blog Partner news Partner blog

Canadian banks will get kicked out of UN net zero club unless they up their game: Report

2022-08-31 | Toronto | Greenpeace Canada
Blog
BankTrack news BankTrack blog Partner news Partner blog

Jackdaw shows once again Shell is failing on climate. So why are its bankers failing to act?

2022-07-19 | The Hague, The Netherlands | Sumeyra Arslan – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks have arranged US$2.7 trillion in bonds for fossil fuel companies

2022-07-12 | Australia | The Sunrise Project
Blog
BankTrack news BankTrack blog Partner news Partner blog

Climate groups call on Shell’s bankers to stop Jackdaw gas field

UK government’s regulatory approval opens the door for Shell to move ahead with the Jackdaw field
2022-06-03 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Canadian banks keep financing fossil fuels

BankTrack mentioned
2022-03-31 | The Tyee
BankTrack news BankTrack blog Partner news Partner blog

Investors ask banks to rethink funding fossil fuel projects, including Line 3

Banks are under pressure from investors to match corporate practices with their environment and social statements * Updated
2022-03-31 | IndianCountryToday
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
2022-03-30 | San Francisco, Bemidji, Nijmegen, Oakland, Paris, Sassenberg, Washington DC | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club, Urgewald
BankTrack news BankTrack blog Partner news Partner blog

Largest U.S. banks to face shareholder votes on climate change

2022-03-29 | American Banker
BankTrack news BankTrack blog Partner news Partner blog

Trans Mountain Pipeline: a climate risk no investor should take

2022-02-21 | Canada | Greenpeace Canada
BankTrack news BankTrack blog Partner news Partner blog

Government Announces Next Steps on Trans Mountain Expansion Project

2022-02-18 | Ottowa, Ontario | Government of Canada, Government of Canada
BankTrack news BankTrack blog Partner news Partner blog

Wet’suwet’en hereditary chief takes fight against Coastal GasLink all the way to the banks

2021-12-20 | National Observer
Blog
BankTrack news BankTrack blog Partner news Partner blog

Total’s deal with Suriname: the greenwashing of oil Block 58

Will this be the final red flag for the oil major’s financiers?
2021-11-24 | Maaike Beenes – BankTrack
BankTrack news BankTrack blog Partner news Partner blog

How green is your bank? New research says banks still fund fossil fuel projects

BankTrack mentioned
2021-11-06 | Canada | The Weather Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Meet the banks funding the owners of the Cambo oil field

New research shines a spotlight on the banks backing Shell and Siccar Point Energy
2021-10-29 | #StopCambo
Blog
BankTrack news BankTrack blog Partner news Partner blog

Equator Banks involved in financing at least 200 fossil fuel projects since Paris

BankTrack research sheds new light on finance for fossil fuels by Equator banks
2021-10-26 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Canadian fossil-heavy banks join GFANZ

The news last Friday that Canada’s biggest banks have finally joined Mark Carney’s “Net Zero” Banking Alliance was met with a giant ho-hum by climate campaigners.
2021-10-15 | RBC Revealed
BankTrack news BankTrack blog Partner news Partner blog

‘Wreckers of the Earth’: 300 London-based companies destroying the planet

2021-10-14 | Corporate Watch
Blog
BankTrack news BankTrack blog Partner news Partner blog

As extreme weather rages, RBC extends "sustainability" loan to Enbridge, actively expanding gas and tar sands pipelines

Consortium of banks finance pipeline builder in the lead up to COP 26 climate summit
2021-09-24 | Toronto, Canada | Giniw Collective, Stand.earth
Blog
BankTrack news BankTrack blog Partner news Partner blog

Fossil Banks No Thanks demands banks commit to end fossil fuel finance before Glasgow Climate Summit

210+ groups support urgent call to action
2021-09-23 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

New bank links to Myanmar junta and atrocities found

19 international banks together invest over US$65 billion in shares of companies with ties to the Myanmar military junta
2021-07-28 | BankTrack, Justice For Myanmar
BankTrack news BankTrack blog Partner news Partner blog

Canada is burning, and our banks are fanning the flames

Canada’s big banks are financing the climate crisis through their fossil fuel lending, argues Richard Brooks
2021-07-13 | Responsible Investor
BankTrack news BankTrack blog Partner news Partner blog

Dear bank CEO, you are cordially invited to defund this pipeline

Anti-oil activists are turning their focus on fossil fuel funding, aiming to stop the flow of money for good.
2021-07-01 | Bloomberg Green
Blog
BankTrack news BankTrack blog Partner news Partner blog

Revealed: Businesses and banks behind global plastic waste crisis

Just 20 companies produce over 50 per cent of all single-use plastic - Top financial institutions enabling plastic waste identified
2021-05-18 | Minderoo Foundation
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banking on Climate Chaos 2021: World’s 60 largest banks have poured USD 3.8 trillion into fossil fuels since Paris Agreement

Even amidst the global economic downturn, fossil fuel financing numbers were higher in 2020 than 2016
2021-03-24 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Enbridge’s “sustainable” credit: tar sands and rights violations

2021-03-10 | Reclaim Finance
BankTrack news BankTrack blog Partner news Partner blog

Demonstrators protest banks’ funding fossil fuels

2021-01-29 | Radio Canada International
BankTrack news BankTrack blog Partner news Partner blog

Bank lending to plastics industry faces scrutiny as pollution concerns mount

2021-01-07 | Reuters
BankTrack news BankTrack blog Partner news Partner blog

Scotiabank becomes fifth major Canadian bank to refuse to fund oil drilling in Arctic refuge

2020-12-14 | The Star
Blog
BankTrack news BankTrack blog Partner news Partner blog

The battle to stop Line 3 is heating up on the ground and across the US

Activists around the US join national day of action to end financing for tar sands pipelines like Enbridge's Line 3
2020-12-14 | Maaike Beenes – BankTrack
BankTrack news BankTrack blog Partner news Partner blog

The Big Banks’ Green Bafflegab

Look behind their pro-climate ads and do what they do. Follow the money.
2020-11-25 | The Tyee
Blog
BankTrack news BankTrack blog Partner news Partner blog

Equator Banks fail communities on consultation and grievance mechanisms, new study finds

BankTrack research into nine projects financed ‘under Equator’ finds routine failures to conduct proper community consultation and a lack of effective project-level grievance mechanisms
2020-11-24 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

TD Bank is latest financial institution to pledge net-zero emissions by 2050

Plan also rules out Arctic drilling, but fails to drop tar sands
2020-11-09 | Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

Barclays, HSBC and Credit Suisse among worst offenders on oil sands finance

ShareAction says Barclays has participated in 11 loan and bond deals to oil sands companies since its net zero announcement in March
2020-10-29 | London | ShareAction
Blog
BankTrack news BankTrack blog Partner news Partner blog

New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Major blow to Keystone XL pipeline as judge revokes key permit

Campaigners welcomed Wednesday’s ruling as a victory for tribal rights and environmental protection
2020-04-16 | The Guardian
Blog
BankTrack news BankTrack blog Partner news Partner blog

Reckless Keystone XL decision by TC Energy endorsed by JPMorgan Chase, Citi and Canadian peers

Big banks lead multi-billion dollar bond issuances days after company pushes pipeline forward amid global pandemic
2020-04-03 | San Francisco | 350 Seattle, Amazon Watch, Indigenous Environmental Network, Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banking on Climate Change – Fossil Fuel Finance Report Card 2020

New report reveals global banks funneled USD 2.7 trillion into fossil fuels Since Paris Climate Agreement, with financing on the rise each year 
2020-03-18 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

Canadian banks going green still boost loans to the oil industry

2020-02-12 | Bloomberg
BankTrack news BankTrack blog Partner news Partner blog

Big businesses face pressure to avoid investing in areas Trump wants to develop

A dozen-and-a-half senators wrote letters to 11 of the largest U.S. banks asking them to back down from financing any oil and gas activity in an unspoiled expanse of Arctic wilderness.
2020-02-03 | The Washington Post
Blog
BankTrack news BankTrack blog Partner news Partner blog

Davos financial players pump US$1.4 trillion into fossil fuels: new Greenpeace report

Banks, insurers and pension funds are as culpable for the climate emergency as the fossil fuel industry - especially those at the World Economic Forum Annual Meeting
2020-01-21 | Greenpeace
Blog
BankTrack news BankTrack blog Partner news Partner blog

4 out of 5 banks failing on human rights, new BankTrack Human Rights Benchmark shows

Lloyds, Bank of America, Goldman Sachs and Société Générale among the poorest performers in BankTrack ranking, alongside Canadian and Chinese banks
2019-11-26 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

BankTrack 2019 Human Rights Benchmark: criteria and scope announced

2019-06-25 | Nijmegen | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

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

2019-03-20 | Desmogblog.com
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
Blog
BankTrack news BankTrack blog Partner news Partner blog

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 | Ryan Brightwell – BankTrack
BankTrack news BankTrack blog Partner news Partner blog

TD vows to continue financing resource sector

2018-03-30 | The Globe and Mail
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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

BankTrack mentioned
2018-03-28 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

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

BankTrack mentioned
2018-03-28 | The Financial Times
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks warned of tar sands pipelines investment risks in new report

2017-10-31 | Greenpeace, Oil Change International
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

Greenpeace Investor Briefing: Problematic Pipelines

Investor risk from bank financing of tar sands pipelines
2017-09-20 | Greenpeace
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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

2017-05-09 | Turtle Island | Mazaska Talks
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

2017-04-06 | Alison Kirsch - Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

Toronto protesters target TD Bank over involvement in Trans Mountain pipeline project

2017-03-30 | Toronto Star
Blog
BankTrack news BankTrack blog Partner news Partner blog

Who's bankrolling TransCanada?

Banking on TransCanada means banking on Keystone XL
2017-03-24 | Alison Kirsch - Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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

2013-03-22 | Katuah Earth First!
BankTrack news BankTrack blog Partner news Partner blog

Equator Principles goes beyond project finance, improves transparency

2012-08-13 | Environmental Finance
BankTrack news BankTrack blog Partner news Partner blog

While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning

2011-10-25 | Washington | prizmablog.com
BankTrack news BankTrack blog Partner news Partner blog

Time to Improve the Equator Principles, BankTrack Says

BankTrack mentioned
2011-10-24 | Washington | Social Funds
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

Financiers search for sustainable future

BankTrack mentioned
2011-10-20 | Washington | Environmental Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

Rainforest Action Network study ranks financed emissions of Canadian banks

Website lets customers compare carbon footprint of personal accounts
2008-11-19 | San Francisco | Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
Resources
Documents
Links
2025-05-08 00:00:00

Letter from BankTrack and Mars se Drine to Toronto-Dominion Bank on Jadar project

Correspondence
2025-05-08 00:00:00 | BankTrack and Mars se Drine
2024-11-25 00:00:00

Sustainable financing framework

Bank policy
2024-11-25 00:00:00 | Toronto-Dominion Bank
2024-10-01 00:00:00

NZBA 2024 Progress Report

Other document
2024-10-01 00:00:00 | NZBA
2024-08-01 00:00:00

Statement on Human Rights

Bank policy
2024-08-01 00:00:00 | TD Bank
2024-05-21 00:00:00

UNSUPERVISED - The carbon pollution of the world’s largest banks

NGO document
2024-05-21 00:00:00 | ReCommon
2024-05-13 00:00:00

Banking on climate chaos 2024

Fossil fuel finance report 2024
BankTrack publication
2024-05-13 00:00:00 | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance & Sierra Club
2024-05-02 00:00:00

Still Banking on Coal press release

Commercial Banks Still Deep into Coal 8 Years After Paris
Partner publication
2024-05-02 00:00:00 | Urgewald
2024-05-02 00:00:00

Commercial Banks Still Deep into Coal 8 Years After Paris

NGO document
2024-05-02 00:00:00 | Urgewald
2024-03-27 00:00:00

2023 Sustainability Report

Other bank document
2024-03-27 00:00:00 | TD Bank
2024-03-26 00:00:00

TD's climate Action Plan

2023 Progress Update
Other bank document
2024-03-26 00:00:00 | TD Bank
2024-03-01 00:00:00

Statement on Anti-Corruption

Bank policy
2024-03-01 00:00:00 | TBD Bank
2024-02-26 00:00:00

Annual Report 2023

Annual report
2024-02-26 00:00:00 | TD Bank
2024-01-01 00:00:00

Code of Conduct

Bank policy
2024-01-01 00:00:00 | TD Bank
2023-12-07 00:00:00

Letter from BankTrack to Toronto - Dominion Bank on Ending support for metallurgical coal

Correspondence
2023-12-07 00:00:00 | BankTrack
2023-11-28 00:00:00

Environmental and Social Risk Policy

Bank policy
2023-11-28 00:00:00 | TD Bank
2023-11-20 00:00:00

Letter from BankTrack, ACA, CTEA to Toronto-Dominion Bank on the risks of investing in Rio Tinto and Winning International Group’s Simandou Project in Guinea

Correspondence
2023-11-20 00:00:00 | BankTrack, ACA, CTEA
2023-09-21 00:00:00

TD and Indigenous Communities in Canada 2023 Report

Other bank document
2023-09-21 00:00:00 | TD Bank
2023-05-23 00:00:00

Why banks should account for their full share of facilitated emissions

Banks are making progress on setting net-zero targets but most focus on lending and only a handful include capital markets facilitation – funding activities where banks do not provide capital themselves but play a critical role in facilitating access to it. Capital markets are a vital source of funding and will be key in delivering the low-carbon transition. In 2021 alone, global bond and equity issuances stood at US$26.8 trillion. This memo outlines why the industry-organised Partnership for Carbon Accounting Financials should include a 100% weighting for capital market facilitation.
NGO document
2023-05-23 00:00:00 | ShareAction
2023-04-13 00:00:00

Banking on Climate Chaos 2023

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
BankTrack publication
2023-04-13 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club, Urgewald
2023-03-22 00:00:00

TD´s Climate Action Plan 2022

Report on Progress and Update on TCFD
Other bank document
2023-03-22 00:00:00 | TD Bank
2023-03-03 00:00:00

Annual report 2022

Annual report
2023-03-03 00:00:00 | TD Bank
2023-03-01 00:00:00

Cautionary Statement Regarding Thermal Coal Position

Bank policy
2023-03-01 00:00:00 | TD Bank
2023-01-27 00:00:00

Background briefing: Just 7% of global banks' energy financing goes to renewables, new data shows

BankTrack publication
2023-01-27 00:00:00 | Profundo for Sierra Club, Fair Finance International, BankTrack, Rainforest Action Network
2022-11-17 00:00:00

BankTrack Global Human Rights Benchmark 2022

BankTrack publication
2022-11-17 00:00:00 | BankTrack
2022-07-14 00:00:00

Letter from BankTrack and Mars se Drine to Toronto-Dominion Bank on Rio Tinto Jadar Lithium Mine

Correspondence
2022-07-14 00:00:00 | BankTrack and Mars se Drine
2022-06-03 00:00:00

Letter from BankTrack, 350.org, Bank on our Future and Uplift to 25 banks on Shell's proposed Jackdaw gas field

Correspondence
2022-06-03 00:00:00 | BankTrack, 350.org, Bank on our Future and Uplift
2022-03-31 00:00:00

Climate Action Plan 2022

Other bank document
2022-03-31 00:00:00 | Toronto Dominion Bank
2022-03-30 00:00:00

Banking on Climate Chaos 2022

Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021
BankTrack publication
2022-03-30 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club, urgewald
2022-03-30 00:00:00

Investor Statement on Line 3, Oil Sands Projects, and FPIC

Other document
2022-03-30 00:00:00 | Investors & Indigenous Peoples Working Group
2022-03-23 00:00:00

Modern slavery and human trafficking statement

Bank policy
2022-03-23 00:00:00 | TD Bank
2022-03-01 00:00:00

Annual report 2021

Annual report
2022-03-01 00:00:00 | TD Bank
2022-03-01 00:00:00

Statement on Anti-Money Laundering, Anti-Terrorist Financing and Sanctions

Bank policy
2022-03-01 00:00:00 | TD Bank
2022-01-31 00:00:00

Code of Conduct and Ethics

Bank policy
2022-01-31 00:00:00 | TD Bank
2021-12-12 00:00:00

Letter from BankTrack to Toronto-Dominion Bank on lithium mining in Serbia’s Jadar Valley

Correspondence
2021-12-12 00:00:00 | BankTrack
2021-10-29 00:00:00

Letter from Toronto-Dominion to BankTrack on response to letter regarding investments in Myanmar

Correspondence
2021-10-29 00:00:00 | Toronto-Dominion
2021-10-15 00:00:00

Six of Canada's Largest Banks Join United-Nations-convened Net-Zero Banking Alliance

Other bank document
2021-10-15 00:00:00
2021-07-09 00:00:00

Statement on human rights

Bank policy
2021-07-09 00:00:00 | TD Bank
2020-12-31 00:00:00

Annual Report 2020

Annual report
2020-12-31 00:00:00 | TD Bank
2020-11-24 00:00:00

"Trust Us, We're Equator Banks": Part II

BankTrack publication
2020-11-24 00:00:00 | BankTrack
2020-11-09 00:00:00

Climate action plan

Bank policy
2020-11-09 00:00:00 | TD Bank
2020-11-03 00:00:00

Non-Retail Environmental and Social Credit Risk Process

Bank policy
2020-11-03 00:00:00 | TD Bank
2020-05-19 00:00:00

Annual report 2019

Annual report
2020-05-19 00:00:00 | TD Bank
2020-03-31 00:00:00

Statement on Anti-Corruption

Bank policy
2020-03-31 00:00:00 | TB Bank
2020-03-18 00:00:00

Banking on Climate Change - Fossil Fuel Finance Report 2020

BankTrack publication
2020-03-18 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club
2019-12-10 00:00:00

Letter from BankTrack to TD Bank on the bank's progress on its fossil fuel finance since COP24

Correspondence
2019-12-10 00:00:00 | BankTrack
2019-06-24 00:00:00

CSR report 2018

Annual report
2019-06-24 00:00:00 | TD Bank
2019-06-24 00:00:00

Responsible Financing

Page 17 of TD's CSR report 2018
Bank policy
2019-06-24 00:00:00 | TD
2019-04-10 00:00:00

Annual General Meeting Shareholder Briefing TD

BankTrack publication
2019-04-10 00:00:00 | BankTrack
2019-03-04 00:00:00

Annual report 2018

Annual report
2019-03-04 00:00:00 | TD Bank
2019-03-04 00:00:00

Exclusion list

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

Environment policy

Bank policy
2019-03-04 00:00:00 | TD Bank
2018-12-31 00:00:00

SDG Report 2018

Other bank document
2018-12-31 00:00:00 | TD Bank
2018-10-18 00:00:00

Equator Principles reporting 2018

Other bank document
2018-10-18 00:00:00 | TD Bank
2018-10-16 00:00:00

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

Correspondence
2018-10-16 00:00:00 | BankTrack and 120 organisations
2018-07-31 00:00:00

CDP Climate Change Questionnaire

Other bank document
2018-07-31 00:00:00 | TD Bank
2018-04-01 00:00:00

Annual Report 2017

Annual report
2018-04-01 00:00:00 | TD Bank Group
2018-03-31 00:00:00

CSR report 2017

Annual report
2018-03-31 00:00:00 | TD Bank Group
2018-02-28 00:00:00

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

NGO document
2018-02-28 00:00:00 | Business & Human Rights Resource Centre
2018-01-15 00:00:00

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

Correspondence
2018-01-15 00:00:00 | TD Bank
2017-10-31 00:00:00

Carbon and Water Assessment

Other bank document
2017-10-31 00:00:00 | TD Bank
2017-06-06 00:00:00

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

Correspondence
2017-06-06 00:00:00 | Rainforest Action Network et al
2017-06-01 00:00:00

Annual report 2016

Annual report
2017-06-01 00:00:00 | TD Bank Group
2017-06-01 00:00:00

CSR report 2016

Annual report
2017-06-01 00:00:00 | TD Bank Group
2017-04-06 00:00:00

CSR report 2015

Annual report
2017-04-06 00:00:00 | TD Bank Group
2016-12-31 00:00:00

Equator Principles reporting 2016

Other bank document
2016-12-31 00:00:00 | TD Bank Group
2016-11-30 00:00:00

Letter from 500 organisations to TD Bank on financing DAPL

Correspondence
2016-11-30 00:00:00 | 500 organisations
2016-06-14 00:00:00

Shorting the Climate

Fossil Fuel Finance Report Card 2016
BankTrack publication
2016-06-14 00:00:00 | BankTrack, Rainforest Action Network, Sierra Club, Oil Change International
2016-01-24 00:00:00

2015 Annual Report

Annual report
2016-01-24 00:00:00 | TD Bank Group
2015-09-08 00:00:00

CSR Report 2014

Annual report
2015-09-08 00:00:00 | TD Bank Financial Group
2015-04-02 00:00:00

Annual Report 2014

Annual report
2015-04-02 00:00:00 | TD Bank Financial Group
2010-12-18 00:00:00

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

Correspondence
2010-12-18 00:00:00 | Banktrack
2008-11-19 00:00:00

Financing Global Warming: Canadian Banks and Fossil Fuels

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

TD Bank's Policies and References page

TD Bank's environment page

Accountability
Grievances
Response tracking

TD Bank's whistleblower hotline can be used by individuals and communities to raise complaints regarding human rights issues. Stakeholders may also raise complaints via the OECD National Contact Points (see OECD Watch guidance).

TD Bank is an Equator Principles signatory. While the Equator Principles have no official grievance mechanism, complaints relating to this bank's financing of Equator Principles projects can be filed through our own website www.equator-complaints.org.

 

This page evaluates Toronto-Dominion Bank (TD Bank)'s responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring
Rio Tinto's Jadar mine, Serbia (December 2021)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank did not respond.
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information to indicate the bank is monitoring the actions of its clients, or actions it might itself have taken in response to the impacts raised.
More info
Letter to financiers of Rio Tinto, December 2021
Myanmar: Equity exposure to companies linked to the military regime (October 2021)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank responds publicly but without acknowledging the bank's link to the allegations.
Action
0
Out of 1
Rationale for score
The bank does not engage with the allegations and do not mention appropriate measures of action. It only states general ESG policies.
Monitoring
0
Out of 1
Rationale for score
No information available about whether the bank monitored progress.
More info
New bank links to Myanmar junta and atrocities found, July 28, 2021

Average
50%
0
0
0
0
Banks and Climate

Banks and Climate

The 2024 Banking on Climate Chaos report showed that Toronto-Dominion Bank provided US$ 178.439 Billion in financing to the fossil fuel industry between 2016 and 2023. In 2023 only, Toronto-Dominion Bank provided US$ 9.587 Billion for oil, gas and coal companies expanding fossil fuels. Find further details on Toronto-Dominion Bank fossil fuel portfolio and how it compares to other large banks globally on Fossil Banks No Thanks and in the Banking on Climate Chaos report.

Fossil fuel finance data Toronto-Dominion Bank

Banking on Climate Chaos fossil fuel finance data

Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of Toronto-Dominion Bank’s fossil fuel policy below.

Assessment of Toronto-Dominion Bank coal policy in the Coal Policy Tool

Assessment of Toronto-Dominion Bank oil and gas policy in the Oil and Gas Policy Tracker

Banks and Human Rights

Banks and Human Rights

BankTrack assessed Toronto-Dominion Bank in its 2024 Global Human Rights Benchmark, where it achieved 5 points out of 15 and was ranked as a “follower”.

The bank scored 0.5 out of 3 points on the new “specific rights indicators”, which assess how banks address human rights defenders, Indigenous Peoples’ right to Free, Prior and Informed Consent and environmental rights in their policies and practices.

In addition, Toronto-Dominion Bank scored 0 out of 3 on how it responds to alleged human rights violations linked to its finance, which were raised by civil society organisations. More information is detailed in the “Accountability” section of this profile.

The BankTrack Human Rights Benchmark

The table below shows BankTrack's assessment of how Toronto-Dominion Bank has implemented the UN Guiding Principles on Business and Human Rights. Please click on 'expand all details' and 'explanation' for further information on the methodology.

Our policy assessments are always a work in progress. We very much welcome any feedback, especially from banks included in the assessments. Please get in touch at humanrights@banktrack.org.

Global Human Rights Benchmark 2022

BankLast update
Country
Score
Ranking
Details
Toronto-Dominion Bank (TD Bank)
CAN
4.5
Follower 4.5
0
Canada
Score
Follower
4.5
Explanation

Toronto-Dominion Bank (TD Bank)'s human rights policies, processes and reporting were assessed as part of the BankTrack Global Human Rights Benchmark 2022. The bank is assessed as a Follower, with a total score of 4.5 out of 14.

Policy: 2/3
Due dilligence: 1.5/5
Reporting: 0.5/3
Remedy: 0.5/3


Response Tracking:
The bank was also assessed on its responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations, for which it received an average score of 0/3. See the Response Tracking section of this profile for more details.

Explanation
Laggard
Follower
Front runner
Leader
0 - 3 points
3.5 - 6.5 points
7 - 10 points
10.5 - 14 points
For more details see this page.

Global Human Rights Benchmark 2024

BankLast update
Country
Score
Ranking
Details
Toronto-Dominion Bank (TD Bank)
CAN
5
Follower 5
0
Canada
Score
Follower
5
Explanation

Toronto-Dominion Bank (TD Bank)'s human rights policies, processes and reporting were assessed as part of the BankTrack Global Human Rights Benchmark 2024. The bank is assessed as a , with a total score of 5 out of 15.

Policy: 2/3
Due dilligence: 2/5
Reporting: 0.5/4
Remedy: 0.5/3

Specific rights: 0.5/3

Response Tracking:
The bank was also assessed on its responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations, for which it received an average score of 0/3. See the Response Tracking section of this profile for more details.

Explanation
Laggard
Follower
Moderate achiever
Leader
0 - 3 points
3.5 - 7 points
7.5 - 10.5 points
11 - 15 points
For more details see this page.
Banks and Nature

Banks and Nature

Toronto-Dominion Bank’s policies for forest-risk sectors (beef, soy, palm oil, pulp and paper, rubber and timber) have been assessed by the Forests & Finance coalition, achieving an overall score of 2.8 out of 10 and ranking it as a follower. TD Bank achieved a score of 0.3 out of 10 specifically for its policies related to the beef sector and 3.1 out of 10 for its policies related to the palm oil sector. Between 2016 and 2022, TD Bank provided USD 71 million in credit to companies operating in these forest-risk sectors and held investments amounting to USD 28 million as of 2022. For more information, see the links below. 

Forests & Finance

Banks and beef

Banks and palm oil

Forest & Finance Policy Assessment 2022: Overall scores

BankLast update
Country
Score
Ranking
Details
Toronto-Dominion Bank (TD Bank)
2022-09-27
CAN
2.8
Follower 2.8
0
Canada
Profile
Score
Follower
2.8
20220927
Last update: 2022-09-27
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of TD' relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on TD'profile

Explanation

A bank can obtain a total of 10 points for the quality of its policies. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.

Forest & Finance Policy Assessment 2022: Beef

BankLast update
Country
Score
Ranking
Details
Toronto-Dominion Bank (TD Bank)
2022-09-29
CAN
0.3
Laggard 0.3
0
Canada
Profile
Score
Laggard
0.3
20220929
Last update: 2022-09-29
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on TD' profile

Explanation

A bank can obtain a total of 10 points for the quality of its beef policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.

Forest & Finance Policy Assessment 2022: Palm Oil

BankLast update
Country
Score
Ranking
Details
Toronto-Dominion Bank (TD Bank)
2022-09-29
CAN
3.1
Follower 3.1
0
Canada
Profile
Score
Follower
3.1
20220929
Last update: 2022-09-29
Explanation

The policy assessment covers the bank's policies related to palm oil. Weighted scores are based on the scope of ABN AMRO's relevant policies, taking into account what types and how much finance the bank provides to companies active in the palm oil industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on TD' profile

Explanation

A bank can obtain a total of 10 points for the quality of its palm oil policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.
Tracking the NZBA

Tracking the Net Zero Banking Alliance

TD Bank Group left the Net Zero Banking Alliance (NZBA) on 17 January 2025. Before that, as a NZBA member it had committed to reduce its financed emissions to net zero by 2050; within 18 months of joining the alliance set interim targets for 2030 (or sooner) for high emission priority sectors, and within 36 months set further sector targets; set new intermediary targets every 5 years from 2030 onwards; annually publish data on emissions and progress against a transition strategy including climate-related sectoral policies; and take a robust approach to the role of offsets in transition plans. BankTrack will keep track of Goldman Sachs and other ex-NZBA member banks' climate action in a specific section of the NZBA tracker. 

 

Tracking NZBA banks commitments

Banks and Steel

Banks and Steel

Partner organisation Reclaim Finance’s 2023 report on metallurgical coal financing showed that Toronto-Dominion Bank provided US$ 4.2 billion in loans and underwriting to developers of new metallurgical coal between 2016 and 2022. Find further details on Toronto-Dominion Bank’s metallurgical coal financing and and how it compares to other large banks globally in the report.

Reclaim Finance tracks the metallurgical coal policies of financial institutions, including banks, in their Coal Policy Tool. BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of Toronto-Dominion Bank’s metallurgical coal policy below.

Metallurgical Coal Financing: Time to call it off 2023

Coal policy tool

Good Moves

Good moves

Year:
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