The Toronto-Dominion Bank announced today it will be carbon neutral by 2010.
"Reducing our own greenhouse gas emissions is a key element of our ongoing commitment to take climate change and the environment seriously," said Ed Clark, President and CEO.
"Our approach will start with energy savings programs to reduce our emissions. We will also use green power, and make investments to reduce greenhouse gas emissions outside TD to offset any emissions we cannot eliminate."
TD's adoption of eco-friendly policies is part of a growing trend within the banking industry. Rival Bank of Nova Scotia revealed on Monday it has set up a climate change fund, "the first of its kind in Canada."
And last year, Royal Bank of Canada announced the creation of the $50-million Blue Water Project, a ten-year program to support water conservation "and other water-related issues."
TheTD Greenwash Action Team in the pic above, however, feel differently.
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