Even Banks are Starting to Go Green?

So you want to do more to help the environment, but your already doing the simple household changes to help out. So what is another easy option you can do to help the environment. Well, I may not know your current bank you belong to, but if your already with them or wouldn’t mind switching, TD Canada Trust may be your next step to help th environment.TD has begun to do their part to help the environment and are helping their customers make a difference as well. The initiatives TD has under taken, via TD’s website are:

• Our environmental policy and environmental management framework serve as TD’s “green roadmap”, setting out our commitments and approaches to key issues.
• We strive to operate our daily operations in a manner than reduces our environmental impact – including through our facilities management, energy consumption and conservation, waste diversion and recycling and green procurement.
• TD offers a growing number of environmentally-friendly choices for customers and we promote environmental stewardship though our lending practices.
• There are many individuals and community groups working to protect the earth and its species. To support their vital efforts we set up the TD Friends of the Environment Foundation, which since 1990 has provided over $42 million to more than 16,000 grassroots projects.
• We have a formal environmental governance structure in place.
• Through external memberships and commitments like the United Nations Environment Programme Finance Initiative (UNEPFI), TD supports and participates in various domestic and global environmental initiatives.

But what exactly are some of the choices they offer to their customer?

Paperless banking:

TD encourages customers to use paperless banking methods: pre-authorized bill payments, on-line transfers, direct deposit programs and telephone and on-line banking. These small changes pay off in a big way for the environment.

Helping investors to “go green”:

For investors, there are service options allowing them to reduce the consumption of printed materials. For example, since 1999 we’ve offered the TD eFunds platform, which enables investors to access their accounts, execute trades and receive communications on-line.In June 2007, TD Asset Management announced the creation of the TD Global Sustainability Fund, which is expected to be on the market in Fall 2007. The TD Global Sustainability Fund will provide a new choice for investors who want to invest in companies whose business activities reflect an interest in the world’s future sustainability and who are looking to achieve long-term growth in their portfolio. Now clearly allot fo this was just naturally going to happen on its own as the economy and technology changed. Also, I know you may be thinking this could be a minor case “greenwashing”, but I don’t think you can blame them for letting these things be known and trying to educate current customers about what they offer. The fact remains that they are making an effort, and it will be interesting to see what the response was like for the inroduction of the TD Global Sustainability Fund.Click here for the website

Keep it Green,Paul

This entry was posted on Monday, January 21st, 2008 at 3:17 pm and is filed under Business. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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