- Ranked most sustainable bank in
North America by theWall Street Journal , the Dow Jones Sustainability Index andCorporate Knights , BMO is committed to measuring and disclosing the GHG emissions of its portfolio
PCAF is a global partnership of financial institutions that work together to develop and implement a harmonized approach to assess and disclose the greenhouse gas (GHG) emissions associated with their loans and investments. In
"Joining the
BMO continues to make significant progress on its Purpose commitments to double the good for a sustainable future, thriving economy and inclusive society. In 2019 BMO committed to mobilizing
BMO is a strong supporter of the
"PCAF is very pleased that BMO has joined over 95 financial institutions globally that are committed to measuring and disclosing the emissions of their portfolios to support meeting the goals of the Paris Climate Agreement," said
- In 2019, BMO unveiled its Purpose to Boldly Grow the Good in business and life, announcing commitments to double the good for a thriving economy, sustainable future, and inclusive society
- In 2020, BMO launched BMO EMpower, a
$5 billion commitment over five years to address key barriers faced by minority businesses, communities, and families inthe United States - In 2019, BMO issued a
$500 million USD Sustainability Bond with use of proceeds tied to the UN Sustainable Development Goals - In
October 2020 , BMO reached a key milestone in matching 100 per cent of electricity usage with renewable electricity - In
May 2020 , BMO signed the Operating Principles forImpact Investment , a gold standard for impact investment fund management, developed by theInternational Finance Corporation of theWorld Bank - World-class sustainability disclosure, including on climate-related risks and opportunities in line with the
Taskforce on Climate-related Financial Disclosures (TCFD) and theSustainability Accounting Standards Board (SASB) standards - First Canadian bank to sign the UN Women's Empowerment Principles in 2019. In 2018, BMO committed to make
$3 billion in capital available to women business owners inCanada over three years
BMO's leadership on sustainability has been recognized on numerous rankings, including:
- Ranked 15th on the
Wall Street Journal's 2020 list of the 100 Most Sustainably Managed Companies in the World, third overall onSocial Capital , only bank inNorth America - Top North American bank on
Corporate Knights' 2021 Global 100 Most Sustainable Corporations in the World for the second year in a row - Ranked in the top 10% of banks globally on the Dow Jones Sustainability Index
- Scored an A- on the 2020 CDP Climate Change Questionnaire
- Ethisphere® Institute's list of the 2020 World's Most Ethical Companies®
- Bloomberg Gender-Equality Index (2021) for the sixth year in a row
- Forbes 2020 Best Employers for Diversity (
United States ) Corporate Knights 2020 Best 50 Corporate Citizens inCanada
For more information on BMO's commitment to a sustainable future, please visit the bank's Sustainability Report. For more information on BMO's Purpose, please visit our Purpose page.
About BMO Financial Group
Serving customers for 200 years and counting, BMO is a highly diversified financial services provider - the 8th largest bank, by assets, in North America. With total assets of $949 billion as of October 31, 2020, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking,
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