Toronto-Dominion Bank

Country
Canada
Sector
Financial Services
Industry
Banks - Diversified
Employees
100,424
Ticker
TD
Exchange
TORONTO STOCK EXCHANGE
Website
www.td.com
Description
Toronto-Dominion Bank is a major Canadian multinational banking and financial services corporation, renowned for offering a comprehensive range of retail, commercial, and corporate banking services. I...

Toronto-Dominion Bank's GHG Emissions Data Preview

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)2024202320222021 - 2017
Total Scope 1
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a
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0000000
Total Scope 2
Market-Based
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0000000
Location-Based
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b
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0000000
Total Scope 3
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a
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a
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a
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
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0000000
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Verified Sources Behind Toronto-Dominion Bank’s Greenhouse Gas (GHG) Emissions Data

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. Explore Toronto-Dominion Bank’s data sources below and access millions more through our Disclosure Search.

a. Toronto-Dominion Bank's Financial & Extra-Financial Data Spreadsheet 2024
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b. Toronto-Dominion Bank's TCFD Report 2023
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Insights into Toronto-Dominion Bank's Operational Emissions

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. a b

Toronto-Dominion Bank's Scope 1 Emissions Over Time

201920202021202220232024015 k30 k45 k60 ktCO2e-15%-9%+7%-8%-3%
  • Total Scope 1
  • Year-over-Year Change

What are Toronto-Dominion Bank's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Toronto-Dominion Bank were 39,292 metric tons of CO₂ equivalent (tCO₂e). a

Has Toronto-Dominion Bank reduced its Scope 1 emissions over time?

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

What are Toronto-Dominion Bank's Scope 2 emissions?

In 2024, Toronto-Dominion Bank reported Scope 2 greenhouse gas (GHG) emissions of 5,350 tCO₂e using the market-based method. a

What methodology does Toronto-Dominion Bank use for Scope 2 reporting?

In 2024, Toronto-Dominion Bank reported its Scope 2 emissions using the market-based method. a

Toronto-Dominion Bank's Scope 2 Emissions Over Time

201920202021202220232024090 k180 k270 k360 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Toronto-Dominion Bank's Value Chain Emissions

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

Toronto-Dominion Bank's Scope 3 Emissions Over Time

201920202021202220232024020 M40 M60 M80 MtCO2e-9%-22%+8%-82%-85%
  • Total Scope 3
  • Year-over-Year Change

What are Toronto-Dominion Bank's Scope 3 emissions?

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

Has Toronto-Dominion Bank reduced its Scope 3 emissions over time?

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

What categories of Scope 3 emissions does Toronto-Dominion Bank disclose?

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.

What are the main sources of Toronto-Dominion Bank's Scope 3 emissions?

In 2024, the largest contributors to Toronto-Dominion Bank's Scope 3 emissions were: a

  • Purchased Goods and Services (Cat. 1): 1,144,923 tCO₂e (88.04%)
  • Capital Goods (Cat. 2): 104,032 tCO₂e (8%)
  • Business Travel (Cat. 6): 28,807 tCO₂e (2.22%)

Toronto-Dominion Bank's Scope 3 Emissions by Categories

Business Travel(Cat. 6)(2.2%)Capital Goods(Cat. 2)(8.0%)Purchased Goods andServices (Cat. 1)(88.0%)

Insights into Toronto-Dominion Bank's Total Carbon Footprint

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. a b

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

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