Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Resilience
• Employee Engagement
• Risk Management
• Product Development
• Stakeholder Engagement
• Supply Chain Management

Environmental Achievements

• Initiated a bumper cover recycling program in seven Alberta auto centers, recycling 58% of bumper covers requiring replacement during a one-month period.
• Introduced extended water damage product with mitigation feature offering up to $1,000 towards installing backwater valve or sump pump.
• Offered insurance discounts for hybrid and electric vehicles since 2008.
• Includes insurance on solar panels in standard homeowner insurance.
• Provided resilience-related discount to Alberta customers using stronger roofing materials.
• Implemented paperless options for quotes, purchases, and communications, reducing paper waste.
• Supported ACAP Saint John program distributing 86 rain barrels to local residents.

Social Achievements

• Launched internship programs for Indigenous Peoples and persons with disabilities.
• Established Green Teams in every Canadian office to address local environmental issues.
• Implemented various employee engagement initiatives, including training, Green Team activities, and the Building Career Pathways Program.
• Enhanced communications about MyAdvantage discount program.
• Sponsored Seneca Green Citizen Symposium for five consecutive years.
• Developed TD Scholarship for Indigenous Peoples in partnership with AFOA Canada.

Governance Achievements

• Established TDI Executive Sustainability Governance Committee, Climate Risk Appetite Task Force, and Advisory Board on Climate Change.
• Incorporated climate-related risks into the Risk Appetite Statement.
• Implemented strict criteria for oil tanks in home insurance.
• Participated in Task Force on Flood Insurance and Relocation.
• Collaborated with OSFI and Bank of Canada on national flood systemic risk assessment.
• Actively participated in consultations on emerging ESG best practices, frameworks, and reporting standards (TCFD, PCAF, ISSB).

Climate Goals & Targets

Environmental Challenges

• Rising climate-related risks (wildfires, extreme heat, storms, flooding)
• Need to increase customer resilience to climate-related events
• Managing ESG risks arising from value and supply chains

Mitigation Strategies

• Education, engagement, and product design to enhance customer resilience.
• Collaboration with vendors and suppliers to manage ESG risks.
• Development of products and services that consider environmental and social factors.
• Incentives for customers to install sewer back-up valves and use eco-friendly materials for repairs.
• Participation in industry initiatives and collaborations to address climate change.

Supply Chain Management

Responsible Procurement

• Collaboration with suppliers to share expertise and visibility on key ESG issues

Climate-Related Risks & Opportunities

Physical Risks

• Wildfires
• Extreme heat
• Storms
• Flooding

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of climate-resilient products and services

Reporting Standards

Frameworks Used: UNEP FI PSI, TCFD, PCAF, ISSB

Sustainable Products & Innovation

• Extended water damage coverage
• Resilience-related discounts
• Eco-efficient rebuild coverage