Our commitment to diversity starts at the most senior levels at TD Bank. President and CEO Bharat Masrani and the Senior Executive Team have made diversity a strategic business priority and are playing a very direct role in driving the agenda forward.
In the U.S., to align with TD’s global efforts, we established a Diversity Leadership Team in 2008. Reporting directly to the President and CEO, the Diversity Leadership Team is made up of senior business leaders across TD. The Team is chaired by David Boone, Executive Vice President, TD Bank USA Corporate Strategy. The Diversity Leadership Team champions diversity across TD by driving enterprise-wide diversity initiatives and working with businesses and support groups to embed diversity into their business plans. Currently, the Diversity Leadership Team is focused on key priorities and has created subcommittees to work on each of these priorities (see below).
A Diversity Office works closely with the Diversity Leadership Team to support and coordinate embedding diversity strategies, practices, policies and programs across and within the business lines.
Our Diversity Leadership Framework Priorities and Subcommittees
Priorities for the current year
Among our key priorities for the year ahead:
Overall diversity program: Continue implementing our diversity strategy to make a difference over the long term.
Women in leadership: Continue to expand leadership opportunities for women.
Members of minority groups in leadership: Continue to expand leadership opportunities for members of visible minority groups.
People with disabilities: Continue to remove barriers and increase access for employees and customers with disabilities.
Diverse communities: Embed inclusiveness within customer and client focus and ensure business ownership of targeted objectives to establish relationships and serve diverse customers.
Lesbian, gay, bisexual, transgendered and ally (LGBTA) employees, customers and clients: Continue to enhance and promote an inclusive environment for this community.
To broaden local diversity efforts, and deepen the culture of diversity across the company, we have regional and line of business Diversity Councils to serve as a channel through which the Diversity Leadership Team (DLT) and Diversity Office can share information and engage employees across all markets and lines of business in our footprint, in a more sustainable manner. The Diversity Councils serve as local working groups to implement DLT tactics and drive results for their local markets, provide recommendations to leaders based on input from employees, and act as ambassadors of DLT strategy and objectives.
Employee Resource Groups/ Affinity Groups
TD Bank continues to grow our Employee Resource Groups (ERGs) with interest in expanding across all areas of focus. The ERGs are aligned to our corporate goals and encouraged to identify an ERG lead and executive sponsor who champion its goals, mandates and objectives, with the ability to represent the ERG before senior leadership and advocate on the group's behalf. As these employee resource groups evolve, TD can leverage them for employee engagement/retention, recruitment, business development, community outreach, career development/talent and market insights.