TD is joining as a Canadian partner of
Priceless Planet Coalition, pledging to help fund the restoration
of up to 30,000 trees in B.C. when cardholders go paperless
TORONTO, Dec. 3, 2024
/CNW/ - TD Bank is joining Mastercard's global Priceless Planet
Coalition initiative to support a local Canadian project, helping
restore trees in British Columbia.
For each eligible MBNA (a division of TD Bank) credit cardholder
who switches from paper to e-statements starting on October 24, 2024 until January 15, 2025, TD Bank will make a donation in
support of the Priceless Planet Coalition to help restore trees in
the Thompson Watershed of British
Columbia, an area deeply impacted by recent wildfires, up to
a total of 30,000 trees.*
"We are so proud to partner with Mastercard on this initiative
and it feels like a natural fit as TD believes sustainability is
important', says Jennifer Bishop,
Vice President and Executive Journey Product Owner, TD Bank. "As an
organization, we aim to enrich and support the communities in which
we live and work. We believe Mastercard's Priceless Planet
Coalition can help connect customers across the country to such an
important program."
"We're grateful to have the support of TD, MBNA and its
customers in helping to support our work with the Priceless Planet
Coalition initiative in Canada,"
said Diane Miquelon, Senior Vice
President, Financial Institutions, Mastercard, Canada. "Our goal is to create solutions that
allow people to be inspired by the positive impact they can have,
and now we can help bring that home to our own Canadian
communities."
The Mastercard-led Priceless Planet Coalition engages over 150
corporate partners in supporting over 19 tree restoration projects
across six continents. This is done together with climate science
and forest restoration experts, Conservation International, and
World Resources Institute.
More than simply planting trees, the initiative aims to
reinforce a restoration model that's focused on re-growing forests
in places with significant need. In total, the Priceless Planet
Coalition aims to restore 100 million trees globally.
To help plan and execute this project, Conservation
International and World Resources Institute will work with Tree
Canada, the local tree-planting partner for Priceless Planet
Coalition in Canada.
The Priceless Planet Coalition is part of Mastercard's
commitment to leverage the scale and scope of its business,
technology and partnerships to help act on climate change. It
unites the efforts of individuals, businesses and corporate
partners, giving consumers and brands alike a way to support shared
long-term, sustainable and inclusive growth.
*Terms and conditions: Campaign started on
October 24th, 2024, and ends on the
earlier of January 15th, 2025 or when
the maximum aggregate donation of $120,000 CAD is reached ("Promotion Period"). For
each MBNA customer that opts into paperless statements during the
Promotion Period using the link in the email and completing the
steps on the landing page, $4 CAD
will be donated to Tree Canada, a Canadian charity and tree
restoration partner in support of the Mastercard Priceless Planet
Coalition. Mastercard launched the Priceless Planet Coalition to
unite and help support the efforts of individuals, businesses, and
corporate partners to fund the restoration of 100 million trees
globally. The approximate cost of restoring one tree in Tree
Canada's project location is $4 CAD.
Learn more about the Priceless Planet Coalition at
pricelessplanet.org and Tree Canada at treecanada.ca.
About TD Bank Group (TSE: TD)
The Toronto-Dominion Bank and its subsidiaries are collectively
known as TD Bank Group ("TD" or the "Bank"). TD is the sixth
largest bank in North America by
assets and serves over 27.5 million customers in four key
businesses operating in a number of locations in financial centres
around the globe: Canadian Personal and Commercial Banking,
including TD Canada Trust and TD Auto Finance Canada; U.S. Retail,
including TD Bank, America's Most Convenient Bank®, TD Auto Finance
U.S., TD Wealth (U.S.), and an investment in The Charles Schwab
Corporation; Wealth Management and Insurance, including TD Wealth
(Canada), TD Direct Investing, and
TD Insurance; and Wholesale Banking, including TD Securities and TD
Cowen. TD also ranks among the world's leading online financial
services firms, with more than 17 million active online and mobile
customers. TD had $1.97 trillion in
assets on July 31, 2024. The
Toronto-Dominion Bank trades under the symbol "TD" on the
Toronto and New York Stock
Exchanges.
About Mastercard (NYSE: MA)
Mastercard powers economies and empowers people in 200+
countries and territories worldwide. Together with our customers,
we're building a sustainable economy where everyone can prosper. We
support a wide range of digital payments choices, making
transactions secure, simple, smart and accessible. Our technology
and innovation, partnerships and networks combine to deliver a
unique set of products and services that help people, businesses
and governments realize their greatest potential.
SOURCE TD Canada Trust