- Rising inflation and interest rates causing financial and emotional stress
- Evolving phishing tactics
- Customer concerns and rising interest rates impacting mortgage-related complaints
- Devastating wildfires across Canada
- Methodological differences between targets and limited emissions data availability hindering accurate quantification of sustainable finance activities' impact on financed emissions
The Toronto-Dominion Bank
Greenhouse gas emissions & sustainability report data
By scope: Scope 1: 40.3K tCO2e/year; Scope 2: 77.0K tCO2e/year (location-based). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
Water Usage
1.1M m3/year (approximate based on partial data coverage)
2023
Waste
17.3K tons/year (approximate based on partial data coverage)
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 40.3K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 77.0K tCO2e/year (location-based) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2017 | 176.5K tCO2e/year (Scope 1 and 2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced water use by 15.5% relative to 2015 baseline
- Achieved 28% reduction in absolute reduction in location-based Scope 1 and 2 GHG emissions from our operations relative to a 2019 baseline
- Expanded the calculation of Scope 3 financed emissions footprint and enhanced tools for monitoring financed emissions and progress toward targets
- Advanced climate risk identification and measurement processes and developed an enterprise climate data strategy
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce water consumption by 10% by 2025
- Reduce location-based Scope 1 and 2 GHG emissions by 25% by 2025
📅 Medium-term
- Achieve $500 billion in sustainable and decarbonization finance by 2030
- Achieve 45% women in VP and above roles in Canada by 2025
- Achieve 25% Black, Indigenous, and minority representation in VP and above roles in North America by 2025
🔭 Long-term
- Net-zero GHG emissions from operations and financing activities by 2050
🌱 ESG Focus Areas
Climate ChangeNature and BiodiversitySustainable FinanceEconomic Inclusion (Employment Access, Financial Access, Housing Access)Governance