- BMO ranked top major bank in
Canada - Reflects commitment to sustainable future and carbon neutrality
Ranked first among the major banks and ninth overall, BMO was recognized for its sizable portfolio of sustainable loans, as well as its enterprise-wide commitment to creating a sustainable future throughout its operations. BMO scored highly compared to peers on Clean Revenue which measures a company's revenue from all goods and services that have clear environmental benefits.
"Being among the top ten corporate citizens is a great honour and a reflection of BMO's commitment to building a sustainable future," said
"We're committed to driving positive change for our customers, employees and communities," said
The Best 50 Corporate Citizens ranking sets the standard for sustainability leadership in
BMO was particularly recognized for its enterprise-wide commitment to creating a sustainable future through sustainable finance, including by committing to mobilize
- Maintaining carbon neutrality for its operational emissions, including business travel, since 2010
- First bank in
Canada to provide a Sustainability Linked Loan - Establishing a Sustainable Bond Program
- Published the Sustainable Financing Framework that defines eligible assets across seven green and four social project categories that link to the
United Nations 2030 Agenda forSustainable Development - Participating in
US$9.4 billion in sustainable bond underwriting,$7.9 billion of renewable energy debt and equity, and providing$4.2 billion of loan commitments to renewable energy entities and projects - Only bank to have book-run all five of
World Bank's sustainable development bonds, helping to provide over$5.5 billion in financing for initiatives aligned with the UN SDGs - Donating
$67.3 million to registered charities and non-profit organizations inCanada andthe United States - Enhancing our disclosure on climate-related risks and opportunities in line with the
Taskforce on Climate-related Financial Disclosures (TCFD) - Adding new disclosure in line with the
Sustainability Accounting Standards Board (SASB) standards - 2020 signing of the
International Finance Group (World Bank ) led Operating Principles for Impact Management
BMO's leadership on sustainability has been recognized on numerous rankings, including:
- Corporate Knights 2020 Global 100 Most Sustainable Corporations in the World
- Corporate Knights 2019 Best 50 Corporate Citizens in
Canada - Ethisphere® Institute's list of the 2019 World's Most Ethical Companies®
- Dow Jones Sustainability Index,
North America (2019) for the 15th year in a row
For more information on BMO's commitment to a sustainable future, please visit the 2019 Sustainability Report.
About
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 $987 billion as of April 30, 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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