On February 20, 2024, The Toronto-Dominion Bank announced that it has received a shareholder proposal from Vancity Investment Management Ltd, Investors for Paris Compliance, representing the Salal Foundation, Nomura Asset Management U.K. Limited, requesting the Company to disclose transition activities that describe how it will align its financing with its 2030 sectoral emissions reduction targets, including specific measures and policies to be implemented, reductions to be achieved by such planned measures and policies, and timelines for implementation and associated emission reductions. In addition, the Company recommended the shareholders to vote against the proposal at the annual meeting of shareholders scheduled to be held on April 18, 2024.