GLOBE Foundation

TD is Banking on North American Forests

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Source: GLOBE Foundation

CHERRY HILL, N.J. and PORTLAND, Maine -- With more than 90 percent of North Americans identifying forests as natural areas in need of protection, TD Bank has announced a major forest conservation initiative - TD Forests (www.td.com/forests).

TD Forests is a program to protect critical forest habitat in the U.S. and Canada, and it will be linked to TD's commitment to reduce its paper usage on both sides of the border by at least 20 percent by 2015.

Through the new initiative, TD Bank in the U.S. and TD in Canada will protect forested areas in both countries equivalent to the paper they use - that's roughly two football fields of forest each and every day. A forest the size of a football field can provide a day's oxygen for more than 1,000 people.

Out of the 1,502 that were surveyed, 72 percent of Americans strongly believe forests and natural areas are the 'lungs' of the planet and contribute to fresh, cleaner air, and 57 percent strongly believe forests and natural areas play an important role as places for leisure and recreational activities.

The latter is no surprise as hundreds of millions of Americans visit state and national parks each year.

TD Forests is the next chapter in TD Bank's growing environmental initiative. The bank is the first U.S.-based bank to become carbon neutral by opening more than 50 stores and offices that have achieved or are targeting LEED certification, and by purchasing enough renewable energy credits to offset 100 percent of the bank's annual energy use throughout its Maine to Florida footprint. In 2011,

TD Bank also opened the first net-zero energy bank location in the U.S. in Ft. Lauderdale, Fla.; an energy-efficient building with 400 solar panels that produce 100 percent of the building's annual energy needs.

'The TD Forests program is very much part of our goal to embed an environmental perspective into our business,' said Diana Glassman, Head of Environmental Affairs, TD Bank. 'With TD Forests, we are expanding the bank's environmental initiatives to address paper usage through two pillars of reduce and grow - reduce paper use and grow the area of protected forest habitat.'

TD Forests will address customer and employee demand for using less paper, will reduce business expenses while increasing efficiency, will enhance communities where our customers and employees live and work, and will benefit the environment.

TD Bank will soon finalize a partnership with a U.S.-based nonprofit conservation organization with the goal of protecting forests across the bank's Maine to Florida footprint. TD has already formed an innovative partnership with the Nature Conservancy of Canada to increase the area of protected forest habitat across TD's business footprint in Canada.

During the first five years of the program, TD Forests will focus on three areas:

  • Business commitment - to radically reduce the amount of paper it uses in its products, services and business operations
  • Community commitments - to greening urban environments, forest protection, and education
  • Volunteerism - dedicated to employee initiatives such as TD Tree Days, the bank's flagship volunteer initiative around the environment

To learn more about TD Bank, visit at www.tdbank.com

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