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TD to participate in North American closed loop paper recycling system

TD Bank and its parent company TD Bank Financial Group (TD) will participate in paper manufacturer Boise Inc.’…

TD Bank and its parent company TD Bank Financial Group (TD) will participate in paper manufacturer Boise Inc.’s Closed Loop System(TM), a paper recycling program that guarantees at least 1,500 metric tonnes of paper from TD’s operations in Canada and the U.S. is diverted from landfills and used in the production of recycled office paper. TD then purchases the recycled paper for use in its operations — hence the closed loop system. TD is the first Canadian company to participate in a closed loop recycling system and the first to have one that is North American-wide.
Each year, TD purchases approximately 3,500 metric tonnes of Forest Stewardship Council-certified office paper for its North American operations. Approximately 1,050 metric tonnes of recycled material is required to manufacture the 3,500 metric tonnes of paper used by TD. The bank delivers to its partners 1,500 metric tonnes to ensure adequate supply.