The bank said in a release it is launching a carbon advisory practice that will offer various services including risk assessments of carbon assets, project acquisition advice and carbon offset portfolio structuring. TD also announced a $10-million investment into a project that aims to conserve up to 1,500 square kilometres of boreal forest in Ontario. The bank will claim its own carbon offset credits from the investment. (The Logic)
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The bank said in a release it is launching a carbon advisory practice that will offer various services including risk assessments of carbon assets, project acquisition advice and carbon offset portfolio structuring. TD also announced a $10-million investment into a project that aims to conserve up to 1,500 square kilometres of boreal forest in Ontario. The bank will claim its own carbon offset credits from the investment. (The Logic)
Talking point: TD’s new advisory practice comes as other Big Six banks have made forays into carbon offset markets, which are expected to underpin the energy transition in the coming years by incentivizing emissions-cutting investments. In July, BMO acquired Calgary-based carbon offset company Radicle Group. CIBC joined the blockchain-enabled Carbonplace platform in 2021, which will serve as a network for carbon offset market transactions.
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