In 2024, Toronto-Dominion Bank completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Toronto-Dominion Bank has also provided a category-level breakdown for 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 39,292a | 40,346a | 43,707a | |
Total Scope 2 | ||||
Market-Based | 5,350a | 6,930a | 6,977a | |
Location-Based | N/A | 76,970b | 79,615b | |
Total Scope 3 | 1,300,405a | 8,676,931a | 47,870,329a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.9724a | 1.0867a | 1.3014a |
You are welcome to quote or reference individual data points from this page, provided you include the following attribution with a visible, clickable link to this page: "Source: Tracenable, the global reference for ESG data"
Bulk collection, scraping, resale, or redistribution of data across multiple company profiles is not permitted without our prior written permission. For more information, see our General Terms and Conditions.
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform.
In 2024, the total operational greenhouse gas (GHG) emissions of Toronto-Dominion Bank amounted to 44,642 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Toronto-Dominion Bank decreased by 61.95%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab
In 2024, the total Scope 1 emissions of Toronto-Dominion Bank were 39,292 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Toronto-Dominion Bank's Scope 1 emissions have decreased by 25.34%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Toronto-Dominion Bank's Scope 1 emissions decreased by 2.61%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Toronto-Dominion Bank reported Scope 2 greenhouse gas (GHG) emissions of 5,350 tCO₂e using the market-based method.a
In 2024, Toronto-Dominion Bank reported its Scope 2 emissions using the market-based method.a
In 2024, Toronto-Dominion Bank reported 1,300,405 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Toronto-Dominion Bank includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, down from 6 in 2023, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.a
In 2024, Toronto-Dominion Bank reported total Scope 3 emissions of 1,300,405 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 99.97% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0.03% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Toronto-Dominion Bank's Scope 3 emissions have decreased by 97.91%, reflecting a declining long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Toronto-Dominion Bank's Scope 3 emissions decreased by 85.01%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2024, Toronto-Dominion Bank reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2024, the largest contributors to Toronto-Dominion Bank's Scope 3 emissions were:a
In 2024, Toronto-Dominion Bank reported Scope 1 greenhouse gas (GHG) emissions of 39,292 tCO₂e and total revenues of USD 40,407 millions. This translates into an emissions intensity of 0.97 tCO₂e per millions USD.a
In 2024, Toronto-Dominion Bank reported a Scope 1 emissions intensity of 0.97 tCO₂e per millions USD. Compared to the peer group median of 0.56, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Toronto-Dominion Bank ranked 21 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Toronto-Dominion Bank among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Toronto-Dominion Bank reported a total carbon footprint of 1,345,047 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 84.71% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.ab
The largest contributor to Toronto-Dominion Bank's total carbon footprint was Scope 3 emissions, accounting for 96.68% of the company's total carbon footprint, followed by Scope 1 emissions at 2.92%.a