Does TD Bank Belong in the Future?

No, unless they change two fundamental things, ASAP

B. Lorraine Smith
11 min readJul 21, 2022
The latest Matereality assessment, examining TD Bank — free, open-source, created from public disclosures.

I conducted a Matereality assessment on Toronto-Dominion Bank (aka TD). The assessment deck is free to access, download, or share here. A brief video explaining the findings is here [added Sept 15: new and improved simplified video here]. If you see any mistakes or have feedback, I’d be glad to hear from you publicly in the comments, or privately here.

In brief, the assessment suggests that TD does not belong in the future we want unless they stop financing mass extinction and social inequality, and they start making disclosures comprehensible to customers and communities.

This article offers additional commentary to complement the slide deck.

To create this assessment, I interviewed a group of diverse stakeholders — all of whom agreed to make their perspective public — and reviewed an array of publicly available TD documents, as well as other public materials (all noted/linked in the assessment deck).

Why assess TD’s Matereality?

I share this in the spirit of shifting industrial activity towards healing, because I think it needs doing. No one asked me to do it and I am not funded to do this work. I explain more about Matereality in this article; there…



B. Lorraine Smith

Former sustainability consultant replacing ESG with reality-based insights about corporate purpose and impact.