Created before Nov 2016
Last update: 2018-04-16 14:41:42
Share this page:
About Toronto-Dominion Bank (TD Bank)
The Toronto-Dominion Bank (in French, Banque Toronto-Dominion, and commonly TD in either language) is a 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. On January 1st, 2018, TD Bank Group controlled assets worth CAD 1.261 trillion.
12th Floor, 55 King St. West
ON M5K 1A2 Toronto
Bharat Masrani |
Group President and Chief Executive Officer
|Annual report||Annual Report 2017|
listed on NYSE Euronext & Toronto Stock Exchange
Related Dodgy Deals
Projects - active profiles
Annova LNG Terminal United States profile
Atlantic Coast Pipeline United States profile
Dakota Access Pipeline United States profile
Enbridge Northern Gateway pipelines Canada profile
Keystone XL pipeline United States profile
Line 3 Pipeline Replacement Project (L3RP) Canada profile
Trans Mountain Pipeline Expansion project (TMEP) Canada profile
Companies - active profiles
TransCanada Corporation Canada profile
Dodgy Deals map
'Extreme' fossil fuel investments have surged under Donald Trump, report reveals
Report finds major banks ramped up fossil fuel financing to $115 billion in 2017
Indigenous Groups Lead Movement to Call on Banks to Drop Enbridge’s Controversial Line 3 Pipeline
Greenpeace Investor Briefing: Problematic Pipelines
TCFD: banks supporting better disclosure are not the ones exiting coal project finance
28 major banks warned not to finance Trans Mountain pipeline expansion
Indigenous leaders launch new campaign to defund all four proposed tar sands pipelines
Energy Transfer: Which banks continue to support the company behind DAPL?
First Nations across North America ask TD Bank to step away from financing of Kinder Morgan Pipeline
Who's bankrolling TransCanada?
New report finds banks betting on climate change
While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning
BankTrack to Equator Principles banks; ‘get the Outside Job done’
New rules for Equator Principles, but no new commitments from banks
Equator Principles: Action, not words needed
Civil society groups call for bold steps forward with Equator Principles
Rainforest Action Network study ranks financed emissions of Canadian banks
How banks contribute to human rights violations: responses to the Business & Human Rights Resource Centre
Letter from TD Bank to Business and Human Rights Resource Centre, BankTrack on How banks contribute to human rights violations
Letter from RAN and 13 others to 14 banks that underwrote Kinder Morgan Canada IPO on warning to finance the IPO
Banking with Principles? Second Edition June 2016
Voluntary initiativesToronto-Dominion Bank (TD Bank) has committed itself to the following voluntary standards:
- Activities within World Heritage sites.
- Activities that would result in the degradation of protected critical natural habitats as designated by the World Conservation Union classification and International Financial Corporation standards.
- Activities that would involve the purchase of timber from illegal logging operations.
- Mountain top removal coal mining.
- Production or trade in any product or activity deemed illegal under host country laws or regulations (including those ratified under international conventions and agreements).
- Production or trade in wildlife or products regulated under the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES).
- Deals that directly relate to the trade in or manufacturing of material for nuclear, chemical or biological weapons or for land mines or cluster bombs.
- TD does not lend money for transactions that are directly related to the mining of "conflict" minerals.
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.
Toronto-Dominion Bank (TD Bank) is involved in financing the following Equator Principles projects that BankTrack considers controversial.
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.
Implementation and reporting
Toronto-Dominion Bank (TD Bank) is reporting on the implementation here.