As of 2025, Toronto-Dominion Bank has disclosed 6 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 2 absolute reduction targets and 4 intensity-based targets, signaling the company's commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Toronto-Dominion Bank's climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | -25%a | 2025 |
Absolute-based Target* | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | -46%a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Canadian Dollar (CAD) of Loan Ammount | -29%a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity Produced | -59%a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Vehicle Kilometer | -50%a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Passenger Kilometer | -10%a | 2030 |
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As of 2025, Toronto-Dominion Bank has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint.a
As of 2025, Toronto-Dominion Bank has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.a
Toronto-Dominion Bank's most ambitious operational target is to reduce these emissions by 46.2% by 2030, compared to a baseline of 119,305 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019.a
As of 2025, Toronto-Dominion Bank has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a
Toronto-Dominion Bank's most ambitious value chain target is to reduce these emissions by 59% by 2030, compared to a baseline of 0 Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity Produced in 2019.a
As of 2023, Toronto-Dominion Bank is lagging behind on its value chain emissions reduction target, having achieved 17.75% of the planned reduction.a