1 Mike Pedersen, TD Bank Financial Group FIRMA Conference April 30, 2009

Risk Management = Competitive Advantage 2

Financial Crisis Split Sector Along Risk Management Lines 3

TD Weathered the Storm 4

Understand and Manage Risk: Guiding Principle at TD 5

6 TD’s Position Strongly Capitalized Bank Strong Balance Sheet Triple A Rating North American Powerhouse

TD Bank, America’s Most Convenient Bank 7

Environment: Critical Risk Management Issue 8

Environment: Risk and Opportunity 9

Underestimate Environmental Impact at Your Peril 10

Winning Organizations Think Green 11

Global Warming 12

The U.S. Government 13

International Climate Change Treaty 14

15 Implications Job Losses New Industry and Sector Economics Trade Tariffs

Environmental Disasters 16

Carbon Pricing 17

Reputation Risk 18

Public Pressure 19

Opportunities 20

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Attracting and Retaining Talent 22

23 Additional Opportunities Reduced Costs Building Brand Achieving Marketing Goals Stronger Ties

First Canadian Bank to go Carbon Neutral 24

Step 1: Reduce Energy Consumption 25

Step 2: Use Green Energy 26

Step 3: Help Others Lower Their Emissions 27

28 Chief Environment Officer Karen Clarke-Whistler

Create Opportunities Across the Enterprise 29

Engage Public and Do Good 30

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32 Importance of External Recognition Positive Impact on Reputation TD one of World’s 100 Most Sustainable Companies Environment Initiatives can Enhance Competitive Position and be Profitable

Understand and Manage Environmental Risk 33

#1: Get Your House in Order 34

#2: Understand Long-term Environment Implications on Your Business 35

#3: Make a Difference Together 36

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