World Benchmarking Alliance's 2022 Financial System Benchmark assessed 400 financial institutions around the globe- Focus on governance, planetary boundaries and human rights and social issues
The WBA, whose mission is to advance the UN sustainable development goals, ranks 2,000 of the world's most influential companies on their performance against several industry benchmarks. The 2022 Financial System Benchmark, announced at
"As a purpose-driven organization, BMO is committed to helping to build a thriving economy and a sustainable future and eliminate barriers to inclusion," said
The WBA noted BMO's strong performance across all three measurement areas, noting it is one of the few financial institutions that has set targets for both environmental and social impact of its financing activities and tracks progress against them. Additionally, BMO has many offerings and programs that are supporting progress for a more just and sustainable economy, including:
- Committing
$5 billion over five years to address key barriers faced by minority businesses, communities and families inthe United States - Supporting women business owners in
Canada with a$5-billion commitment - Acting as a joint-lead manager for the
Government of Canada's inaugural Green Bond transaction - Being the first financial institution in the world to implement the Mastercard True Name feature, enabling people to use their true first name on their personal debit and ATM cards without the requirement of a legal name change
BMO announced its Climate Ambition in March 2021, including the launch of the
BMO's sustainability leadership has been recognized on a number of global rankings, including the
For more information on BMO's commitment to a sustainable future, please see the bank's Sustainability Report. To learn more about sustainable finance at BMO click here. For BMO's climate ambition, visit its Climate page.
For more on BMO's ranking on the Financial System Benchmark, visit the
Serving customers for 200 years and counting, BMO is a highly diversified financial services provider - the 8th largest bank, by assets, in
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