Pioneering the development of innovative carbon offsets
No matter how much we reduce our energy use and remove carbon from our electricity supply, we will still produce some greenhouse gas emissions. TD is committed to working with not-for-profit groups and innovative companies to develop high-quality local carbon offsets. In 2009, we purchased almost 50,000 tonnes of carbon offsets through two groundbreaking initiatives:
Habitat for Humanity
The first carbon project to be announced by TD is a unique partnership with Habitat for Humanity. This initiative will enable the organization to build super-energy-efficient houses for low-income families.
Greening Canada Fund
TD is a founding investor in the Greening Canada Fund. Launched in October 2009, the fund is the first of its kind in North America, providing local high-quality, voluntary carbon offsets that will have both commercial and community benefits.
We are currently working on a number of other carbon-offset projects that will allow us to meet our 2010 target.