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Nature Conservancy of Canada Accelerates Conservation with TD Carbon Investment, The Canadian Business Journal

TORONTO, Sept. 21, 2022 (GLOBE NEWSWIRE) — Canada’s largest private land conservation project in history is getting a big boost to help protect some of the country’s most important natural lands and water bodies.

An investment in an innovative carbon credit project between non-profits The Nature Conservation Council of Canada (NCC) and TD Securities (TDS) will provide $10 million to NCC’s Boreal Wildlands Carbon Project near Hurst, Ontario. be invested. This investment by TDS will directly fund conservation efforts in the field.

This investment represents a long-term commitment to protect critical habitats and supports the NCC’s conservation mission to address the twin crises of rapid biodiversity loss and climate change through land protection. Accelerate.

The nation’s leading land conservation organization, the NCC has over a decade of experience leading innovative conservation finance projects in Canada. The Darkwoods Forest Carbon Project near Nelson, British Columbia was the first project in Canada. Similarly, TDS’ investment in Boreal Wildlands (NCC’s second and largest carbon project) sets new standards for how the private sector can support important and concrete conservation efforts in Canada. increase.

NCC’s certified carbon credits from Darkwoods are already being used internationally by organizations as part of their carbon reduction and sustainability efforts. The Boreal Wildlands Carbon Project is being developed under the internationally leading Verra Verified Carbon Standard, certified for the co-benefits it provides beyond carbon sequestration.

The Boreal Wildlands is a huge natural carbon sink, storing 190 million tons of carbon, equivalent to the lifetime emissions of 3 million cars. At approximately 145,000 hectares, it is about twice the size of Toronto and three times the size of Montreal. The project protects more than 1,300 kilometers of rivers, streams and coastline, as well as extensive peatlands and forests. This he NCC protected area is a biodiversity paradise, offering connected habitats for many species.

This contract with TDS shows how the NCC is accelerating the pace of protection in Canada. In the last two years alone, the NCC has impacted the conservation of more than one million hectares (almost twice the size of Prince Edward Island and stretches from coast to coast and coast to coast). By mobilizing biodiversity and achieving permanent, large-scale protection, the NCC doubles down. In the face of rapid biodiversity loss and climate change, nature is on our side. No solution.

Quotations

“In the face of rapid biodiversity loss and the impacts of climate change, conservation offers a practical and measurable solution. Accelerating much-needed large-scale conservation across the country, TDS is proud to have placed its trust in the NCC and the Boreal Wildlands Carbon Project as part of its environmental, sustainability and governance strategy. Together, we are contributing to a green, carbon-neutral future.” — Catherine Grenier, President and CEO of the Canadian Conservation Society

“The need for conservation action has never been more urgent. Substantial private investment is needed to ensure that nature and people thrive now and in the future. We are at the forefront of developing high-quality carbon projects and provide carbon credits to support many of the common interests associated with NCC activities, such as supporting biodiversity and habitat conservation. The credits generated can play a key role in a company’s comprehensive transition strategy to achieve net zero emissions.” Craig Losos, Executive Director, Nature + Climate Project, Nature Conservancy of Canada

“We are proud to have contributed to the Conservation Society of Canada’s efforts to protect and conserve the Boreal Wildlands. and committed to helping them navigate the evolving ESG landscape.We apply our knowledge across all aspects of business to provide our clients with holistic solutions and advice in this rapidly changing field. can provide.”— Amy West, Global Head of ESG Solutions, TD Securities

“TD has a proud history of supporting Nature Reserves in Canada for more than 30 years. It demonstrates TD’s commitment to supporting solutions based on Janice Farrell Jones, Senior Vice President, Sustainability and Citizenship, TD

Photo and video assets are found here.

Additional information about the NCC’s Boreal Wildlands project can be found at in backgrounder.

about

The Nature Conservation Council of Canada (NCC) is Canada’s unifying force for nature. NCC seeks solutions to the twin crises of rapid biodiversity loss and climate change through large-scale, permanent land conservation. As a trusted partner, NCC works with people, communities, businesses and governments to protect and care for the country’s most important natural areas. Since 1962, the NCC has brought Canadians together to protect and restore over 15 million hectares of her land. For more information, visit natureconservancy.ca.

Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group (“TD” or “Bank”). TD is North America’s sixth-largest bank by assets, serving more than 27 million customers across three primary businesses operating in many locations in financial centers around the world. Canadian Retail, which includes TD Canada Trust; TD Auto Finance Canada; and TD Wealth. (Canada), TD Direct Investing, and TD Insurance.U.S. retailers, including TD Bank, the most convenient bank in the U.S.®, TD Auto Finance US, TD Wealth (US), and Charles Schwab Corporation. Wholesale Banking, including TD Securities. TD is also one of the world’s leading online financial services companies, with over 15 million active online and mobile customers. As of July 31, 2022, TD’s assets were CDN$1.8 trillion. Toronto-Dominion Bank trades on the Toronto Stock Exchange and the New York Stock Exchange under the symbol “TD”.

media contact

jensen edwards
National Media Relations Manager
Canadian Conservation Society
[email protected]
Phone: (438) 885-9157


CBJ Newsmaker

Nature Conservancy of Canada Accelerates Conservation with TD Carbon Investment, The Canadian Business Journal

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