TD Bank

Banks

Risk Level:

Rating - Danger
High Risk

Summary:

TD Bank will not fund oil and gas projects in the Arctic and has frozen funds of personal accounts linked to the truckers' protest in Canada in 2022. The bank also pledges to vet vendors for LGBTQ policies, advocates for the Equality Act and discriminates against religious charities who object to their policy. TD Bank has sponsored a Planned Parenthood event and covers abortion costs for its employees. TD Bank does not have viewpoint protections for its employees. For these reasons, it receives a "High Risk" rating.

Criteria
Risk Level
Rationale
Corporate Weaponization
Criteria

Has denied service to customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level
Rationale

TD Bank will not fund energy exploration projects in the Arctic Circle (1). TD Bank also froze over $1 million in funds in personal accounts in Canada that were linked to the Canadian trucker convoy protest (2). The company received a score of 100 on the Corporate Equality Index from the Human Rights Campaign. Among other requirements, this means TD Bank has pledged to vet vendors based on LGBTQ policies (3).

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level
Rationale

TD Charitable Foundation does not offer grants to religious organizations or “organizations which do not affirm their projects compliance with the TD Charitable Foundation’s anti-discrimination policy” (1). TD Bank does not have an employee matching program.

Criteria

Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.

Risk Level
Rationale

TD Bank does not protect its employees from viewpoint discrimination (1).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.

Risk Level
Rationale

TD Bank signed an open letter supporting the Equality Act (1). It has not otherwise used its corporate reputation to advance ideological causes.

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

TD Bank has sponsored Planned Parenthood fundraising events (1). It has also sponsored many LGBTQ Pride events and organizations (2)(3)(4). TD Bank has also said it will provide travel benefits for abortion (5). 

Criteria

Uses corporate political contributions for ideological, non-business purposes.

Risk Level
Rationale

TD Bank has not used its PAC donations for ideological purposes (1).

All links were last accessed and all information was updated on:
December 30, 2022

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