TD Bank will target $775 million by 2030 towards community giving as part of a new multi-year corporate citizenship program aimed at helping individuals and communities prosper.
Via The Ready Commitment, the financial services company will focus on four areas executives believe are critical to building an inclusive tomorrow – financial security, a more vibrant planet, connected communities and better health.
A survey found that only 30% of Americans and 29% of Canadians feel "confident" they will be able to keep pace with change driven by advances in technology, shifts in demographics, climate change and globalization, over the next 10 years.
The Ready Commitment aims to help alleviate this uncertainty by addressing some of the most pressing needs of the communities within its footprint – increasing access to financial opportunities and education, elevating the quality of the environment, bringing people together locally and supporting equitable health outcomes through innovation, according to the company.
"While there is enormous opportunity for growth, progress and economic development before us, we know that change can be disruptive and has the potential to increase social and economic exclusion," says Bharat Masrani, group president and chief executive officer, TD Bank Group, in a release.
Through The Ready Commitment, TD's aspiration is to link business, products, services, and community investments, for greater focus, intent and impact and help people feel more confident, not just about their finances, but about their future and their ability to achieve their personal goals in a changing world.
As part of The Ready Commitment, TD will also align its work with the UN Sustainable Development Goals for 2030. In the weeks and months ahead, TD will share more details about specific initiatives within The Ready Commitment and new opportunities for innovative collaborations via a dedicated website.