TD Bank switching to green - Smart Energy Decisions

Commercial, GHG Emissions, Commercial, Hydro, Sourcing Renewables, Wind  -  November 15, 2016

TD Bank goes green with Vancouver power sources

TD Bank Group is working on a green energy solution to address 100% of its energy footprint in Vancouver, British Columbia, along with a portion of the company's business-related travel in the city.

The Cherry Hill, N.J.-based bank is working with Canadian green energy provider Bullfrog Power on the solution, which will incorporate "green electricity, green natural gas and green fuel" and is supported by the city's "Greenest City Action Plan," the supplier said in a Nov. 8 news release. The city's plan is targeting a 33% reduction in community-based greenhouse gas emissions by 2020 from a 2007 baseline. 

"As the first North American-based bank to become carbon neutral, we are committed to supporting the transition to a low-carbon economy," TD Bank Group Chief Environment Officer Karen Clarke-Whistler said in the release. "Through our collaboration with Bullfrog Power, we are addressing the entire scope of our emissions footprint in Vancouver. The initiative also provides a model for how business can reduce the full impact of their energy use and play a role in building sustainable cities."

The solution, according to Bullfrog Power, will address the energy used in TD Bank's Vancouver branches, as outlined under Scope 1 and 2 of the GHG Protocol, and business-related travel under Scope 3. The supplier's green electricity comes from a blend of wind and low-impact hydro; the green natural gas is derived from an organic waste landfill; and the green fuel is derived from repurposed waste streams from food and feed manufacturing, and used cooking oil from restaurants and kitchen facilities, according to the company. 


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