The Toronto-Dominion Bank | Societal Dividend and Better Value Sharing at The Toronto-Dominion Bank

Status
Withdrawn
AGM date
Previous AGM date
Resolution details
Resolution ask
Adopt or amend a policy
ESG theme
  • Environment
  • Social
ESG sub-theme
  • Corporate purpose
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Financials
Company HQ country
Canada
Resolved clause
RESOLVED: It is proposed that the board of directors consider the creation of a societal contribution
whereby a certain percentage of the company’s profits would be devoted to supporting
ESG causes, notably the environment and inequality.
Supporting statement
SUPPORTING STATEMENT: Given the scale of the climate crisis and the growing inequalities, we are proposing the creation of a new kind
of dividend aimed at broadening the sharing of value created by the organization towards projects with high
social and environmental added value.
Taking the example of Crédit Mutuel (France) and MAIF (Mutuelle d’assurance pour les instituteurs de
France)(1), the sums thus identified could be devoted to the ecological, climate and social transition. For
example, these sums could be used to take stakes in businesses that do not necessarily have an immediate
profitability objective, but have a positive impact on the environment and inclusion, such as investments in
energy-efficiency improvements or the creation of bicycle garages in cities, in support of customers and
future customers most exposed to climatic events and the most economically vulnerable, in the granting of
zero-interest loans for energy renovation to customers on modest incomes, and so on.

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