TD’s head of corporate citizenship on balancing pandemic relief with long-term recovery

And what community, sustainability, financial stability and health mean in a post-coronavirus world

Why It Matters

Late last month, TD announced a $25 million commitment to helping communities make it through COVID-19. But this funding is only part of the bank’s total commitment to spend $1 billion by 2030 to fund social impact work, and the pandemic is revealing some key issue areas that TD will prioritize moving forward.

Two years ago, TD announced a global commitment to spending $1 billion by 2030 on four interconnected agendas: connected communities, better health, a vibrant planet, and financial security. 

That was before the world was fundamentally changed by COVID-19. In response to the pandemic, TD has allocated $25 million of its initial $1 billion commitment to social impact organizations supporting those most impacted, through a Community Resilience Initiative. The company started by granting $1 million to community health centres across the country, including the Alex Community Health Centre in Calgary, which used funding to create a dispatch centre to provide information and updates about the coronavirus and social services to isolated community members. The init

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