TD Bank
Corporate Bias Rating
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Risk Level:
Summary:
In April 2024, West Virginia placed TD Bank on its Restricted Financial Institutions List for its “boycott of energy companies” according to its ESG policies and publicly available statements. 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. TD Bank scored a 100 out of 100 on the 2023-2024 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, TD Bank increases the risk of dividing employees, alienating customers and harming shareholders. The company provides a benefits package for employees which covers travel/lodging costs for an abortion and transgender medical procedures for covered employees and dependents, including children. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. TD Bank forces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. TD Bank supports the Equality Act, a controversial bill. The bank is a member of PCAF, committed to carbon neutrality by 2050. TD Bank signed an amicus brief in opposition to the 2016 North Carolina bathroom bill HB2, which required people to use the bathroom of their biological sex. The bank’s CEO, Leo Salom, signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace. TD Bank has also donated to the Equality PAC. For these reasons, TD Bank receives a High Risk rating.
View Full Corporate Bias Ratings ReportShareholder Proposals
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Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
---|---|---|---|---|---|
4/18/24 | Environmental | InvestNow | Report on Impact of Oil and Gas Divestment | Against | 1.20% |
4/18/24 | Governance | Jacques Paquet | Annex to Annual Report on All Out-of-Court Settlements | Against | 0.76% |
4/18/24 | Social | Jacques Paquet | Committee of 5 Persons to Consider All Out-of-Court Settlements | Against | 0.53% |
4/18/24 | Governance | Josée Des Croisselles | Providing All Employees with the Same Amount of Social Benefits | Against | 0.75% |
4/18/24 | Social | Vancity Investment Management | CEO to Median Employee Pay Ratio | Against | 12.56% |
4/18/24 | Environmental | Vancity Investment Management | Disclose Transition Activities | Against | 28.60% |
4/18/24 | Governance | Mouvement d’éducation et de défense des actionnaires (MÉDAC) | Incentive Compensation for All Employees against ESG Objectives | Against | 1.98% |
4/18/24 | Governance | Mouvement d’éducation et de défense des actionnaires (MÉDAC) | Public Disclosure of Non-Confidential Information, Country-by-Country Reporting, Compensation Ratios and Tax Havens | Against | 11.54% |
4/18/24 | Environmental | Mouvement d’éducation et de défense des actionnaires (MÉDAC) | Advisory Vote on Environmental Policies | Against | 17.86% |
4/20/23 | Social | Financialization of Housing | Against | 16.90% | |
4/20/23 | Environmental | Financing of the Canadian Oil and Gas Sector | Against | 1.00% | |
4/20/23 | Environmental | Transition Plan Disclosure for Financing Activities | Against | 23.50% | |
4/20/23 | Environmental | TCFD Reporting for Pollution Asset Privatization Transactions | Against | 10.40% | |
4/20/23 | Environmental | Say on Climate | Against | 21.40% |
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