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New Report Finds Toronto Dominion Bank Greenwashing Poor Performance

Author: ForestEthics & Rainforest Action Network, Published on: 30 March 2006

ForestEthics and Rainforest Action Network today released TD Greenwash: Bankrupting the Future, a corporate irresponsibility report uncovering the poor environmental and social performance of TD Bank Financial Group...TD has set no targets for reducing greenhouse gas emissions for their lending and investments or any investment goals for transitioning to a low-carbon economy... TD financing also supports projects that face deep international stakeholder opposition, such as the proposed Rosia Montana gold mine in Transylvania [project of Gabriel Resources]... [N]ew industry best practices [policies have been] recently adopted by banks including Citigroup, Goldman Sachs, JPMorgan Chase and others.

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Related companies: Citigroup Gabriel Resources Goldman Sachs JPMorgan Chase Toronto-Dominion Bank