TD Bank strategy focuses on the following three areas:
Becoming more energy efficient and reducing energy use by retrofitting and redesigning buildings, offsetting travel, greening its fleet and vehicle programs, and more.
Continuing to invest in clean and renewable energy to reduce TD Bank’s carbon emissions associated with electricity usage; in addition to its new British Columbia investment, TD Bank annually purchases nearly 6,500 MWh of renewable energy from emission-free generation sources such as wind power and low-impact water power to match the electricity used by its ABM network of 2,600 Green Machines.
Launching the TD Bank Emissions Reduction Fund, another Canadian banking first. The Fund will offset TD Bank’s remaining carbon emissions by, for example, working with various groups such as schools, hospitals and other non-profits to reduce their emissions through investments in clean technology and energy retrofit projects.
“Our decision to invest in renewable electricity for our BC operations is a key component of our strategy to be carbon neutral across our Canadian operations in 2010,” said Karen Clarke-Whistler, chief environment officer, TD Bank. “We’re thrilled Bullfrog is expanding into ‘Beautiful British Columbia’ and we support their commitment to bring on line new sources of clean, renewable energy.”
“TD’s expanded partnership with Bullfrog is a strong show of support for the advancement of new renewable energy in Canada,” said Tom Heintzman, president, Bullfrog Power. “TD has emerged as a leader in environmental citizenship. Their ongoing and increasing commitment to Bullfrog helps to raise awareness about the choice many Canadians now have to buy low-impact renewable energy for their own homes and businesses.”
