Publications2018 GRI index › Environmental

Environmental

Material Topic: Climate Change

GRI 103: Management Approach 2016

103-1 Explanation of the material topic and its Boundary

ESG Report page 13
GRI Boundary Table
We believe that managing risks and opportunities related to climate change will be increasingly important to our sustainability as a business. The special report: "Global Warming of 1.5oC" released by the IPCC in 2018 is clear about the consequences for the environment and the economy if climate change is unchecked, but it also demonstrates that there are pathways to limit the worst of these impacts if decisive action is taken in the near future. A changing climate can lead to increased credit risk, insurance risk, market risk, and other risks across TD's businesses, as well as operational risk to our physical footprint. We believe financial institutions have an important role to play in addressing climate-related impacts to their businesses and their clients, and in supporting the transition to a low-carbon economy.

Accountability: EVP & Global Chief Marketing Officer, Global Head, Sustainability and Corporate Citizenship and AVP & Head of Environment

103-2 The management approach and its components

ESG Report page 13
2018 Environmental Goals and Scorecard
Environment Policy
2018 TD's Ongoing Energy, GHG, and Water Reduction Initiatives
2018 CDP Submission
TD's List of Renewable Energy Credits and Offset Providers
LC Report
Ways we measure our approach: Energy, GHG, water and paper reductions, LEED-certified buildings, waste diversion, our carbon neutral commitment, RECs and offsets, our contributions to the low-carbon economy.

103-3 Evaluation of the management approach

ESG Report page 13-15

GRI 201: Economic Performance 2016

201-2 Financial implications and other risks and opportunities due to climate change

ESG Report page 13
2018 CDP Submission
TD's Environment Policy
ESG Report page 52
Environmental and Social Credit Risk Process
AR page 103 on Environmental Risk
TCFD Report
LC Report

SDG 13.1: Climate change resilience and adaptive capacity

GRI 302: Energy 2016

302-1 Energy consumption within the organization

2018 ESG Appendix page 3
Notes to GHG Emissions

302-3 Energy intensity

2018 ESG Appendix page 3
TD calculates energy intensity:

  1. Electricity intensity (GJ per square foot)
  2. Electricity intensity (GJ per million dollar revenue)
302-4 Reduction of energy consumption

2018 TD's Ongoing Energy, GHG, and Water Reduction Initiatives

GRI 303: Water and Effluents 2018

303-5 Water consumption

2018 ESG Appendix page 5

GRI 305: Emissions 2016

305-1 Direct (Scope 1) GHG emissions

2018 ESG Appendix page 2
Notes to GHG Emissions

305-2 Energy indirect (Scope 2) GHG emissions

2018 ESG Appendix page 2
Notes to GHG Emissions

305-3 Other indirect (Scope 3) GHG emissions

2018 ESG Appendix page 4
Notes to GHG Emissions

G4FS-EN15 Business travel

2018 ESG Appendix page 4

305-4 GHG emissions intensity

2018 ESG Appendix page 2

305-5 Reduction of GHG emissions

2018 TD's Ongoing Energy, GHG, and Water Reduction Initiatives
2018 ESG Appendix page 7 for reductions by TD Auto Finance and TD Insurance customers

GRI 306: Effluents and Waste 2016

306-2 Waste by type and disposal method

2018 ESG Appendix page 4

Material Topic: Responsible Financing

GRI 103: Management Approach 2016

103-1 Explanation of the material topic and its Boundary

ESG Report page 16
GRI Boundary Table

Financial institutions such as TD, through their resources and expertise, have a unique opportunity to impact businesses and influence the economy. Many of our stakeholders expect us to ensure that our own business activities, and those of the clients we support, follow sound environmental policies and practices. By continuing to improve how we assess environmental risks and opportunities in our lending portfolio, we have an opportunity to help our clients move toward a low-carbon economy and effectively manage risk.

Accountability: Environmental Governance (AR page: 103), Reputational Risk Committee, Corporate Citizenship Committee, Corporate Governance Committee

103-2 The management approach and its components

ESG Report page 16-18
TD Enterprise Risk Framework
TD Environment Policy
TD’s Environmental & Social Credit Risk Process
TDAM Sustainable Investing Approach
Ways we measure our approach: Number of corporate lending transactions reviewed under E&S Credit Risk Process, Equator Principle Project Finance Transactions and number of stakeholder engagements.

103-3 Evaluation of the management approach

ESG Report page 16-18

SASB Description of approach to incorporation of environmental, social, and governance (ESG) factors in credit analysis

E&S Credit Risk Process
Equator Principles Reporting
Responsible Financing: ESG Report page 17 for total lending by sector and environmentally sensitive lending.
Responsible Financing: ESG Report page 17 for number of deals subject to enhanced due-diligence.
2018 ESG Appendix pages 8-9

G4-FS10 Percentage and number of companies held in the institution's portfolio with which the reporting organization has interacted on environmental or social issues

Increasingly, environmental, social and governance (ESG) risk is being considered as part of investment decision making. TD Asset Management (TDAM), Canada’s largest asset manager, directs more than $303 billion in assets on behalf of retail and institutional investors. TDAM believes that ESG risks are important factors in their investment decisions as highlighted in their Sustainable Investment Policy.

In 2009, TDAM became a signatory to the UN Principles for Responsible Investment (UN PRI) and was the first investment business of a major Canadian financial institution to elevate its commitment to ESG assessment.

ESG Report page 19
TDAM Annual Review for engagements

SASB Description of proxy voting and investee engagement policies and procedures

UNPRI Report
TDAM Annual Review
Disclosure on Proxy Voting