Toronto Dominion First Canadian Bank First Canadian Bank to Adopt Environmental Policy

Toronto Dominion First Canadian Bank is the first bank in Canada to adopt a comprehensive policy to guide financing and operations.

The policy specifically recognizes and commits to actions relating to its operation and financing as they relate to indigenous rights, biodiversity conservation and climate change. The policy also recognizes the global significance of Canada’s Boreal forest and begins to address the specific threats and opportunities associated with this national treasure.

As part of its policy, TD will measure, report on and improve its own environmental footprint and work with its clients – including high risk industries like mining, logging, oil and gas – to assess and improve the environmental impacts and risks associated with their activities.

“When we brought these issues to TD’s attention more than a year ago, they were a laggard in their sector. This policy signals not only that they are paying real attention to critical issues like global warming, but that they are willing to engage us in a meaningful consultation. That said, the ultimate test is whether we see real change in TD’s financing practices and operations,” said Rebecca Tarbotton, Rainforest Action Network’s Global Finance campaign director.