VANCOUVER, British Columbia (Reuters) - Toronto-Dominion Bank's domestic operations will be "carbon neutral" in 2010, Canada's second-largest bank pledged on Tuesday, three weeks after it got a low score in a report ranking global banks' "green" policies.
"Reducing our own greenhouse gas emissions is a key element of our ongoing commitment to take climate change and the environment seriously," Ed Clark, president and chief executive of TD Bank said in a statement.
The bank, which has a sprawling branch network across Canada, will make investments to reduce greenhouse gas emissions outside its own operations to offset emissions it cannot eliminate.
In the report by Ceres, a U.S. coalition of investors and groups that promote corporate responsibility and collectively hold more than US$4 trillion in investments, TD ranked behind the two other Canadian banks included in the survey: Royal Bank of Canada and Bank of Nova Scotia.
(Reporting by Nicole Mordant; Editing by Peter Galloway)
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