Annual Financial Report

The report describes the City’s 2024 financial performance, including consolidated revenues of $18,202 million and an annual surplus of $2,016 million. It also highlights the issuance of $200 million in green bonds for approved green capital projects and the City’s adopted TransformTO Net Zero Strategy, which aims for community-wide net-zero GHG emissions by 2040. The climate chapter provides TCFD-aligned disclosures and describes the City’s continuing resilience and climate-action work.