02:46:15 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Toronto-Dominion Bank
Symbol TD
Shares Issued 1,814,320,248
Close 2022-09-20 C$ 87.79
Market Cap C$ 159,279,174,572
Recent Sedar Documents

Globe says TD invests $10M in forest conservation

2022-09-21 08:24 ET - In the News

The Globe and Mail reports in its Wednesday edition that TD Bank has launched a carbon advisory business and is investing $10-million in a major Ontario forest conservation project, making it the latest Canadian financial institution to pursue strategic moves in the carbon-offset and credit markets. The Globe's Jeffrey Jones writes that TD said its new unit will offer clients such services as offset advice for project acquisitions, access to carbon markets, and capital raising for project developers and financial players. The advisory service will be part of the bank's ESG Solutions Group, and is being headed up by Calgary-based managing director Andrew Hall. The conservation project, meanwhile, will protect 1,500 square kilometres of boreal forest in Northern Ontario, making it the largest such protection and carbon-offset effort in Canada. The Boreal Wildlands Carbon Project is being developed by the Nature Conservancy of Canada. As part of the agreement, TD will gain access to some of the carbon offsets generated from the project. Companies will be able to purchase those credits to offset carbon emissions they are unable to abate as Canada proceeds with trying to reach is greenhouse gas reduction targets.

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