Key Takeaways:
- TD Bank Group reaffirms its commitment to the New Acre™ Project with a fourth funding phase.
- The project emphasizes resilience against extreme weather and contributes to mitigating climate change effects.
- Financial backing enables farmers and ranchers to implement nature-based solutions like windbreaks and buffer strips.
- To date, funding has resulted in 665 acres of projects, planting over 35,000 native trees and nearly 10,000 shrubs.
- In 2023, TD supported 115 acres of naturalization projects across five Canadian provinces.
Sustained Partnership for Environmental Enhancement
The New Acre™ Project announces a continuation of support from TD Bank Group (TD), marking the fifth consecutive year of partnership. This collaboration underscores TD’s dedication to environmental stewardship by funding nature-based solutions managed by Canadian farmers and ranchers.
Impactful Community Benefits
Each acre developed through the New Acre™ Project delivers substantial community benefits, enhancing resilience to extreme weather conditions such as floods, droughts, and heatwaves. These projects are integral to global efforts to combat climate change, biodiversity loss, and other environmental challenges.
TD’s Philanthropic Vision
Joshua Cayer, Manager of Philanthropy, Sustainability & Corporate Citizenship at TD Bank Group, expressed pride in continuing the support for ALUS’ New Acre Project. He emphasized TD’s commitment to the TD Ready Commitment initiative, which focuses on fostering equitable access to green spaces and delivering social and economic benefits to communities.
Contributions to Biodiversity and Ecosystem Services
The financial support from TD has been instrumental in building a vibrant environment and preventing nature loss. The projects funded by TD have contributed to local biodiversity and provided valuable ecosystem services, delivering economic value to communities.
Expanding Environmental Projects
In 2023, TD’s support has enabled the addition of 115 acres of naturalization projects in rural communities. Since 2018, TD’s contributions have supported projects in thirteen communities across Alberta, Saskatchewan, Manitoba, Ontario, and Quebec. These projects are tailored to address environmental management challenges on working agricultural properties.
ALUS’ Market-Leading Approach
Katherine Balpataky, Senior Director of Corporate Partnerships at ALUS, highlighted the significance of consistent support from TD, which allows for the growth of projects that sequester carbon, prevent erosion, and capture nutrients. ALUS’ New Acre Project is recognized for its innovative solutions to the climate and biodiversity crises, with a growing network of farmers and ranchers implementing environmental projects on their land.
Empowering Farmers and Ranchers
The New Acre™ Project empowers local farmers and ranchers as solution providers, equipping them with the necessary tools and resources to benefit the natural world for their communities and future generations.
Photo by Markus Spiske on Unsplash
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