Banking / Financial

TD Bank Recognized as a Green Lease Leader

TD Bank, has been recognized as a Green Lease Leader by the Institute for Market Transformation (IMT) and the U.S. Department of Energy’s (DOE) Better Buildings Alliance.

“This award recognizes our ongoing strategy to embed environmental provisions into our leasing process to further TD’s operational footprint performance. This includes engaging with our landlord network and brokers, and continuously demonstrating leadership practices within the commercial real estate community since first launching our Environmental Management Plan in 2010,” said Irena Stankovic, Environmental Outreach Manager, TD Bank.

Since the launch of the Environmental Management Plan, TD has been recognized as a Green Lease Leader twice, in 2015 and 2018. In 2018, TD became the first bank to receive Gold-Level recognition in the tenant category.

The Green Lease Leader designation recognizes leading-edge companies and real estate practitioners who break down barriers to high-performance buildings by revolutionizing leases to include energy efficiency and sustainability.

“As the sole recipient of the Green Lease Leaders’ Gold recognition for tenants, TD Bank is at the forefront of financial institutions taking aim at lowering their carbon emissions by driving higher performance in buildings and tenant spaces,” said Cliff Majersik, Executive Director of the Institute for Market Transformation (IMT). “IMT and the DOE Better Buildings Alliance congratulate TD Bank on its achievements in using the lease as a smart and collaborative tool to optimize its spaces and unlock the economic, health, and environmental benefits that high-performance buildings deliver.”

Some of TD’s Environmental Management Program key provisions consist of asset-type specific building targets, supporting the performance for either corporate or retail space. Examples of these provisions include an ENERGY STAR rating of 75 or higher for corporate space, or an overall EUI of 70 kBTU/sqft for retail branches/stores; a maximum indoor and outdoor water consumption rate of 9 gallons/sqft for corporate offices and a maximum indoor and outdoor water consumption rate of 7 gallons/sqft for retail branches/stores; and a waste diversion rate of no less than 50% in support of TD targeting a zero waste goal.

TD also extends beyond brick and mortar by encouraging landlords to promote health and wellness for occupants by providing a healthier indoor environment and access to nutrition and fitness.

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