A New Focus Area
The environment is a new focus area for TD Bank and the TD Charitable Foundation. We’re researching opportunities to extend our environmental programming over the coming year.
TD Bank employees are actively involved in community service projects focusing on environmental sustainability. For example, team members volunteered with Habitat for Humanity of Greater Portland to help build energy-efficient housing in Westbrook, Maine. In central New Jersey, TD Bank volunteers tested river water with students from Montclair State University’s environmental science program.
The TD Charitable Foundation’s Housing for Everyone grant competition awards funding to not-for-profit organizations that create or maintain affordable housing. This year, organizations were asked to enter ideas for capital improvements to affordable housing, such as energy efficiency. A total of US$1.94 million was awarded in grants.
One of the 2010 grand prize recipients is Avesta Housing. Avesta is the largest not-for-profit developer of affordable quality housing in New England. Avesta identified solar thermal hot water pre-heating as one of the most efficient and affordable commercial technologies available today. It is using its US$100,000 2010 Housing for Everyone award to support the installation of a commercial solar thermal hot water system and cease the reliance on fossil fuel. The projected fuel savings are:
Property 1 Property 2 Property 3 Energy Savings 638.47 cu. m (834.6 cu. yd.) of propane 13,374.6 kWh of electricity 1,690.38 litres (446.6 gal.) of #2 fuel oil Greenhouse Gas Offset 3,800.91 kg (8,379.57 lb.) of CO2 8,907.55 kg (19,637.81 lb.) of CO2 4,497.92 kg (9,916.23 lb.) of CO2