$10 million in grants to be awarded to
organizations in Canada and the
U.S.
TORONTO and CHERRY
HILL, N.J., June 30,
2022 /PRNewswire/ -- TD announced today that
applications are now open for the 2022 TD Ready Challenge. This
year, TD is seeking to support eligible non-profit and charitable
organizations that are focused on solutions to assist people and
communities who may be negatively impacted by climate change and
the transition to a low-carbon economy.
For 2022, there is a maximum total of 10 grants available of
either CDN $1 million or USD
$1 million each depending on the
country of residence of the applicant.
"Climate change may be impacting everyone, but certain
populations are more likely to face worse consequences from its
effects," said Janice Farrell Jones,
SVP, Sustainability and Corporate Citizenship, TD Bank Group. "As
we all work towards a net-zero world, it is crucial that all voices
and different perspectives be included in new ways of adapting to
environmental changes. This year's TD Ready Challenge will focus on
providing support to organizations that are developing scalable
solutions to ensure that everyone is supported during the
transition to the low-carbon economy of tomorrow."
As both the private and public sectors take steps to mitigate
the effects of climate change and move towards an equitable
transition to a low-carbon economy, many people and communities may
be affected in different and inequitable ways, including:
- Racialized and Indigenous communities
- Seniors, youth, and children
- Newcomers
- Low-income communities
- People with pre-existing health conditions and/or
disabilities
- Communities that have traditionally been economically dependent
on carbon-intensive industries
As a result, this year's problem statement seeks applications
from eligible organizations that have designed scalable and/or
replicable solutions, such as providing support to communities
seeking to transition to the low-carbon economy, mitigating the
effects of climate change on vulnerable populations, supporting the
development of the cleantech sector, innovation in sustainable land
use, or large-scale green infrastructure solutions.
"Communities across our footprint are incredibly diverse, and we
know climate change is likely impacting each differently and often
inequitably. That's why the 2022 TD Ready Challenge aims to support
organizations helping communities address the impacts of climate
change and the transition to the low-carbon economy," said
Shelley Sylva, Head of U.S.
Corporate Citizenship, TD Bank, America's Most Convenient
Bank®. "Community-based organizations understand the
greatest needs of their neighbors and we believe, with our support,
they will be able to help those disproportionately affected by
climate change adapt to these challenges."
The TD Ready Challenge is a key component of the Bank's global
corporate citizenship platform, the TD Ready Commitment. Since
2018, the TD Ready Challenge has granted $40
million CAD to 50 charitable organizations to help respond
to pressing societal issues tied to several TD Ready Commitment
interconnected drivers of change.
TD will be accepting grant applications until August 11, 2022. For complete details about this
year's Challenge, please visit td.com/readychallenge.
About the TD Ready Commitment
Our Environmental,
Social and Governance (ESG) strategy reflects the commitments we
make and is represented by the actions we take together to drive
progress towards a more sustainable and inclusive future. It is
embedded in our proven business model, guided by our purpose and
inspired by our forward focus. The TD Ready Commitment accelerates
and amplifies our collective actions in the communities we
serve.
As part of its corporate citizenship platform, the TD Ready
Commitment, TD is targeting CDN $1
billion (U.S. $775 million) in
total by 2030 towards community giving in four areas critical to
help open doors for a more inclusive and sustainable tomorrow –
Financial Security, Vibrant Planet, Connected Communities and
Better Health. Through the TD Ready Commitment, TD aspires to link
its business, philanthropy and human capital to help people feel
more confident - not just about their finances, but also in their
ability to achieve their personal goals in a changing world. For
further information, visit td.com/tdreadycommitment.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/td-launches-5th-td-ready-challenge-focused-on-equity-based-solutions-for-climate-change-301578424.html
SOURCE TD Bank
