TD Continues Green Strategy with the First Bank-led Green Bond in Canada
Originally published by CSRwire
Last year, TD Bank Group (TD) became the first Canadian commercial lender to sell a green bond, offering a CND $500 million (USD $454 million) debt security to raise capital to fund specific environmental initiatives. The three-year bond has a maturity date of April 3, 2017, with the proceeds used exclusively for green initiatives funded in Canada.
For SRI investors, this is welcome news. But perhaps not so surprising, considering that TD has made green initiatives a cornerstone of their business strategy. By the end of 2014, TD had 140 LEED certified locations in North America and more than 110 facilities generating solar energy. In addition, they have branches designed to be net zero energy.
To read more, see TD's Chief Environmental Officer's, Karen Clarke-Whistler, interview in TD Continues Green Strategy with the First Bank-led Green Bond.
