Publications2017 GRI index › Economic

Economic

Economic Performance

DMA

Why it's material:

Healthy economies need healthy banks and vice versa. Maintaining a strong business with solid revenues allows us to pay our employees fair wages and benefits, compensates our suppliers, support local small businesses, contribute to government revenues through taxes and provide dividends to our shareholders.

TD’s business strategy is to produce long-term, profitable growth by building strong franchises and delivering value to customers, shareholders and the broader community.

Accountability
  • Board of Directors
  • Chief Executive Officer
  • Senior Executive Team
Ways we measure our approach and impacts
  • Financial and Non-financial performance
More information
G4-EC1 Direct economic value generated and distributed
FS–EC1 Value of community investment program, investments by theme, geographical area, time and motivation.
G4–EC2 Financial implications and other risks and opportunities for the organization’s activities due to climate change
G4–EC3 Coverage of the organizations defined benefit plan obligations.

TD’s benefit programs aim to ensure that employees have a comprehensive safety net of essential protection in the event of a death, disability or a serious illness and to help them provide for their retirement.

Indirect Economic Impacts

DMA Describe work done to understand indirect economic impacts.

Why it's material:

As a major financial institution, we are able to use our resources, expertise and core business operations to: enhance the organizational capacity of non-profits so they can confidently and effectively deliver their missions and enable all members of the community, especially underserved or disadvantaged groups, to become economically empowered and resilient

G4–EC7 Development and impact of infrastructure investments and services supported.

Impacts of Commercial Investment are reported through projects evaluated under the Equator Principles.

  • TD Green Bond: CR Report page 53
  • TD's Contribution to the Lower-Carbon Economy: CR Report page 44
G4-EC8 Significant indirect economic impacts including the extent of impacts.
  • Strategic Philanthropy: CR Report pages 40-42 provides an overview of the impacts of TD’s giving, including in-kind donations and volunteered hours.
  • Sourcing: CR Report page 36 shows the impact of TD’s Responsible Procurement Policy and our programs for diverse suppliers.
  • Financial Access and Inclusion: CR Report pages 16-18 shows how TD is working to improve access to banking services for different populations, including new immigrants.
  • Affordable Housing: CR Report page 39 shows how TD is reinvesting in our local communities to provide housing options for low-to-moderate income individuals.
  • Tax: CR Report page 37 provides an overview of the taxes we pay and collect.