Td
Toronto-Dominion Bank, commonly known as TD, is a leading financial institution headquartered in Toronto, Canada. Established in 1855, TD has grown to become one of North America's largest banks, with a significant presence across Canada and the United States. The bank operates primarily in the banking and financial services industry, offering a wide range of products including personal and commercial banking, wealth management, and insurance services. TD is renowned for its customer-centric approach and innovative digital banking solutions, which set it apart in a competitive market. With a strong commitment to sustainability and community engagement, TD has achieved notable recognition, including being named one of the world's most sustainable banks. As a trusted financial partner, TD continues to expand its services while maintaining a robust market position.
DitchCarbon Score
How does Td's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Td's score of 69 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Td's reported carbon emissions
In 2024, TD reported total carbon emissions of approximately 73,450,000 kg CO2e, with significant contributions from Scope 1 and Scope 2 emissions, which accounted for about 39,292,000 kg CO2e and approximately 76,179,000 kg CO2e, respectively. Scope 3 emissions were notably high, with capital goods contributing about 1,040,320,000 kg CO2e and business travel adding approximately 28,807,000 kg CO2e. For the year 2023, TD's emissions in Canada were approximately 51,840,000 kg CO2e for Scope 1 and 26,561,000 kg CO2e for Scope 2, while Scope 3 emissions included about 20,849,000 kg CO2e from business travel. In the US, the total emissions were around 64,142,000 kg CO2e for Scope 1 and 49,335,000 kg CO2e for Scope 2, with business travel contributing approximately 21,226,000 kg CO2e. TD has set ambitious climate commitments, aiming for a net-zero emissions target by 2030. The bank has established interim reduction targets, including a 25% absolute reduction in Scope 1 and Scope 2 emissions by 2025, relative to a 2019 baseline. Additionally, TD has committed to no increase in absolute Scope 1 and 2 emissions from a 2015 baseline by 2020, achieving a 32% reduction. The emissions data is not cascaded from any parent organization, and all figures are reported directly from TD's sustainability reports. The bank's ongoing efforts reflect a strong commitment to addressing climate change and reducing its carbon footprint across all scopes of emissions.
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| 2015 | 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 2,100,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 17,400,000 | 00,000,000 | 000,000,000 | 0,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 3,700,000 | 0,000,000 | - | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Td is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
