TD Bank to support CvCC
Written By: Stratton Report
July 18, 2016
On July 18, CvCC announced that TD Bank was supporting its “Companies vs. Climate Change” initiative.
CvCC, convening on the one-year anniversary of the historic COP21 climate agreement, will celebrate corporate best practices and vet unsolved challenges faced on the path to tackling climate change.
According to the bank, it has become the first North American-based carbon neutral bank, rolling out a number of net-zero energy branches, and has committed to transitioning to 100 per cent renewable electricity.
Per TD Bank, the lender has also created new financing and investment tool for carbon management. Its $10 billion in loans to low-carbon business represents around 25 per cent over its total energy portfolio investment. The Bank also notes that it has a large commercial real estate portfolio comprised of LEED gold and platinum buildings, and it is active in financing and insuring small-scale renewable energy and energy efficiency projects.
TD has also issued a CAD 500 million ($385 million) “green bond” and has underwritten CAD 2 billion ($1.54 billion) in other such bonds.
Joe Doolan, Head of U.S. Environmental Affairs, TD Bank noted:
“TD Bank is proud to partner with Companies vs. Climate Change. At TD Bank we understand the importance of environmental sustainability and the impact it has on the global economy and global wellness. TD Bank Group is the largest issuer of green bonds in the world and we’ve become a lender of choice for businesses that produce environmentally friendly products and support sustainable practices.”