TORONTO, March 17,
2025 /CNW/ - Today, TD Bank Group (TD or the Bank)
released its annual Sustainability Report (the Report) for
2024.
The Report updates on TD's efforts to help customers and clients
adapt to an evolving market, support the communities in which the
Bank operates across Canada and
the United States, adapt the Bank
to seize new opportunities and mitigate emerging risks.
Throughout 2024, TD continued to invest in programs to address
barriers to economic growth and improve the financial resilience of
clients and communities in a changing economy. TD Pathways to
Economic Inclusion, the Bank's enterprise-wide social strategy
focused on increasing employment, financial and housing access, and
its continued progress in sustainable finance, are highlighted in
the Report.
More details on the TD sustainability strategy can be found in
the 2024 Sustainability Report.
About TD Bank Group
The Toronto-Dominion Bank and its subsidiaries are collectively
known as TD Bank Group ("TD" or the "Bank"). TD is the sixth
largest bank in North America by
assets and serves over 27.9 million customers in four key
businesses operating in a number of locations in financial centres
around the globe: Canadian Personal and Commercial Banking,
including TD Canada Trust and TD Auto Finance Canada; U.S. Retail,
including TD Bank, America's Most Convenient Bank®, TD Auto Finance
U.S., and TD Wealth (U.S.); Wealth Management and Insurance,
including TD Wealth (Canada), TD
Direct Investing, and TD Insurance; and Wholesale Banking,
including TD Securities and TD Cowen. TD also ranks among the
world's leading online financial services firms, with more than 17
million active online and mobile customers. TD had $2.09 trillion in assets on January 31, 2025. The Toronto-Dominion Bank
trades under the symbol "TD" on the Toronto and New York Stock Exchanges.
Caution Regarding Forward-Looking Statements
From time to time, The Toronto-Dominion Bank and its
subsidiaries, collectively known as TD Bank Group ("TD" or the
"Bank"), makes written and/or oral forward-looking statements,
including in this document, in other filings with Canadian
regulators or the United States
(U.S.) Securities and Exchange Commission (SEC), and in other
communications. In addition, representatives of the Bank may make
forward-looking statements orally to analysts, investors, the media
and others. All such statements are made pursuant to the "safe
harbour" provisions of, and are intended to be forward-looking
statements under, applicable Canadian and U.S. securities
legislation, including the U.S. Private Securities Litigation
Reform Act of 1995. Forward-looking statements include, but are not
limited to, statements made in this document regarding the Bank's
economic and sustainability (environmental, decarbonization and
social)-related objectives, vision, commitments, goals, metrics and
targets, including the Bank's net-zero and greenhouse gas (GHG)
emissions reduction targets, its Sustainable & Decarbonization
Finance Target, its goals and targets pursuant to the Bank's social
framework "TD Pathways to Economic Inclusion," and its other
sustainability-related goals. Any forward-looking statements
contained in this document represent the views of management only
as of the date hereof and are presented for the purpose of
assisting the Bank's stakeholders in understanding the Bank's
vision, objectives, metrics and targets as well as its economic and
sustainability-related objectives and impacts and such
forward-looking statements may not be appropriate for other
purposes.
Forward-looking statements are typically identified by words
such as "anticipate," "believe," "could," "estimate," "expect,"
"forecast,", "goal," "intend," "may," "outlook," "plan,"
"possible," "potential," "predict," "project," "should," "target,"
"will," and "would" and similar expressions or variations thereof,
or the negative thereof, but these terms are not the exclusive
means of identifying such statements. By their very nature, these
forward-looking statements require the Bank to make assumptions and
are subject to inherent risks and uncertainties, general and
specific. Especially in light of the uncertainty related to the
physical, financial, economic, political, and regulatory
environments, such risks and uncertainties – many of which are
beyond the Bank's control and the effects of which can be difficult
to predict – may cause actual results to differ materially from the
expectations expressed in the forward-looking statements.
In particular, because of the limitations and uncertainties
inherent in climate science, risk analysis and reporting, the Bank
has relied upon various market practices, taxonomies,
methodologies, criteria and standards, and made reasonable
approximations and assumptions, in establishing its
sustainability-related goals. However, there are many factors that
the Bank may not foresee or be able to accurately predict which may
impact the Bank's ability to achieve its sustainability-related
goals or otherwise achieve the results anticipated by such
forward-looking statements. Those factors include the absence of a
standardized taxonomy regarding sustainability-related terms
(including in meaning and scope), the absence of standardized
methodologies for classifying sustainability-related activities or
for evaluating their impact, the availability of comprehensive and
high-quality data (including from the Bank's clients on whom the
Bank may be required to rely for information), the assumptions
underlying third-party decarbonization scenarios, economic trends
(including changes in interest rates), fluctuations in the Bank's
clients' enterprise values, the applicable domestic and
international regulatory regimes, the need for active and
continuing participation of stakeholders (including enterprises,
financial institutions and governmental and non-governmental
organizations), the development and deployment of new technologies
and production methods, border measures, and the availability of
sector-specific solutions, among other unforeseen events or
conditions.
The Bank cautions that the preceding list is not exhaustive of
all possible risk factors and other factors may cause actual
results to differ materially from the Bank's expectations and may
result in the Bank modifying its forward-looking statements,
including its sustainability-related goals. Additional information
regarding the assumptions, risks and uncertainties underlying the
Bank's forward-looking statements can be found in the "Risk Factors
and Management" section of the Bank's 2024 Management's Discussion
and Analysis ("MD&A"), as may be updated in subsequently filed
quarterly reports to shareholders and news releases (as applicable)
related to any events or transactions discussed under the headings
"Significant Events" or "Significant and Subsequent Events" in the
relevant MD&A, which may be found on www.td.com.
All such factors, as well as other uncertainties and potential
events, and the inherent uncertainty of forward-looking statements,
should be considered carefully when making decisions with respect
to the Bank. The Bank cautions readers not to place undue reliance
on the Bank's forward-looking statements.
The Bank does not undertake to update any forward-looking
statement, whether written or oral, that may be made from time to
time by or on its behalf, except as required by law.
SOURCE TD Bank Group
