Vancity, a member-owned financial co-operative operating in Victoria and the Lower Mainland, has been a pioneer in the realm of corporate social responsibility (CSR) and progressive lending since 1946. They are...
TD opting for 100% green energy in Vancouver
TD Bank to collaborate with Bullfrog Power to supply its 45 branches in Vancouver with green energy.
Bullfrog Power, a certified B Corp, offers renewable energy solutions to help individuals and businesses reduce their environmental impact. By choosing Bullfrog Power, clients help support green energy channels financially: for every kWh of electricity purchased with Bullfrog, a kWh of renewable energy is produced by one of the company’s many partners.
This partnership with TD will include the complete suite of the company’s renewable energy products: green electricity, green natural gas and green fuel. The goal is to meet 100% of TD’s energy needs for all of its 45 branches in Vancouver, and a portion of its business-related travel within the city. “As the first North American-based bank to become carbon neutral [in 2010–Ed.], we are committed to supporting the transition to a low-carbon economy,” said Karen Clarke-Whistler, Chief Environment Officer, TD Bank Group. “Through our collaboration with Bullfrog Power, we are addressing the entire scope of our emissions footprint in Vancouver.”
Another objective of this collaboration is to encourage other businesses to lower their energy consumption impact. The fact that TD is “choosing all three of Bullfrog Power’s green energy products is significant because it demonstrates the importance of addressing all aspects of an organization’s energy footprint,” said Ron Seftel, CEO of Bullfrog Power.
According to a study commissioned by Bullfrog during the summer of 2016, Canadians are noticing the efforts companies make to reduce their energy-related environmental impacts: 85% of Canadians said they are more likely to buy products from a company that is purchasing green energy. As well, 90% of the respondents said that for businesses that use vehicles, such as delivery trucks, it is important that they take steps to reduce their transportation-related emissions.
The collaboration between the two organizations supports the City of Vancouver’s Greenest City action plan, which has the goal of reducing the community’s greenhouse gas emissions by 33% by 2020 compared to 2007 levels. “The City of Vancouver’s strategy includes the goal of getting 100% of our energy from renewable sources by 2050,” added Andrea Reimer, Vancouver City Councillor. “This latest announcement with Bullfrog Power puts TD at the forefront of businesses in Vancouver that are supporting the transition to renewable energy.”
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