TD Asset Management becomes signatory to United Nations Principles for Responsible Investment

Earlier this year, we shared the good news that our Canadian operations will be carbon neutral in 2010 and TD is the first major bank in Canada to adopt this goal. Today marks another step forward in our effort to be mindful of the environment, with TD Asset Management (TDAM) signing on to the United Nations Principles for Responsible Investment.

As a signatory, TDAM has committed to integrating environmental, social and corporate governance issues into its investment analysis. TDAM already has a long history of promoting good governance of the companies in which it invests.

“Many of our commitments under the Principles reflect things that we already do, or were already planning to do,” said Barbara Palk, President, TD Asset Management. “We plan on learning from the experiences of signatories who have developed sound approaches to integrating environmental and social issues into their analysis.”

TDAM’s decision to sign on to the Principles is a good example of an environmental initiative driven by good business sense, in this case TDAM’s goal of producing better risk-adjusted returns for its clients.

In addition to global initiatives like the Principles, TD is active on the environment at the local level with our TD Friends of the Environment Foundation, which since its inception in 1990 has raised $45 million to fund 17,000 grassroots environment and wildlife projects across Canada.

For more information please visit www.unpri.org.