JERSEY CITY, N.J., July 18, 2016 /PRNewswire/ -- TD Bank research shows that market forces are shaping the transition to a low-carbon economy. The bank identified climate change as a mega-trend impacting business and society around the world back in 2008, and has since developed a cadre of new products to help finance a move toward a greener economy. In support of broader corporate activity toward this transition, TD Bank has announced its support of the "Companies vs. Climate Change" Conference (CvCC) as a premier sponsor.
TD Banks's targeted approach to climate change is all business. The bank – the first North American-based carbon neutral bank – has invested heavily in its own eco-efficiency initiatives, including the installation of rooftop solar panels on its facilities and designing a host of net-zero energy branches. TD Bank recently joined RE100, a group of 65 companies committed to transitioning to 100 per cent renewable electricity.
The bank leverages its hands-on experience about carbon management to inform the development of new financing and investment tools. TD's $10 billion in support of low-carbon business includes growth of its low carbon energy portfolio of around 25 per cent over its total energy portfolio investment, as well as the development of a large commercial real estate portfolio comprised of LEED gold and platinum buildings, and the financing and insurance of small-scale renewable energy and energy efficiency projects. TD has also issued a C$500 million "green bond" and has underwritten C$2 billion in other such bonds.
CvCC, convening on the one-year anniversary of the historic COP21 climate agreement, will celebrate corporate best practices and vet unsolved challenges faced on the path to tackling climate change. The conference will convene leaders on the bleeding edge of climate action, as well as companies seeking to rise to solving their piece of the climate change puzzle.
"TD Bank is proud to partner with Companies vs. Climate Change. At TD Bank we understand the importance of environmental sustainability and the impact it has on the global economy and global wellness," said Joe Doolan, Head of U.S. Environmental Affairs, TD Bank, America's Most Convenient Bank®. "TD Bank Group is the largest issuer of green bonds in the world and we've become a lender of choice for businesses that produce environmentally friendly products and support sustainable practices. "
Says CvCC Founder and CEO Jason Youner, "We are grateful to TD Bank for its support of the CvCC conference. CvCC is dedicated to providing a forum for business leaders to connect around climate change, showcasing solutions that are already in play, and establishing a forum for collaboration for some of the more intractable problems we have yet to tackle. TD Bank's leadership in this area is unparalleled. We can all learn a great deal from them."
Companies with a track record of innovating and addressing the risks inherent in climate change will be session leaders for the conference. In addition to TD Bank, the speaker faculty to date features some of the most innovative and esteemed corporate leaders in sustainability, including: Avery Dennison; Biogen; Bright Power; Citi; EY; GE; GZA Group; Hershey; Ingersoll Rand; JetBlue, and; SAP.
About CvCC - Companies vs. Climate Change (CvCC) is an apolitical media and events company whose mission is to serve as a global forum for companies of all sizes to share best practices for solving climate change with wholly justifiable business value. CvCC strives to serve as a conduit that will bring companies together to create business driven solutions to the climate crisis.
Senior Advisor, Program Development and Communications
Companies vs. Climate Change
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SOURCE Companies vs. Climate Change