- Eighteenth year recognized on index
- Highest possible score in Customer Relationship
Management for 2023
- Strong performance in Information Security/Cybersecurity
& System Availability, Risk & Crisis Management, Emissions,
and Privacy Protection
TORONTO, Dec. 12,
2023 /PRNewswire/ - BMO has been named to the Dow
Jones Sustainability North America Index (DJSI), a set of
benchmarks for investors who have recognized that sustainable
business practices are critical to generating long-term shareholder
value. The DJSI ranks companies' sustainability performance across
three dimensions - Governance & Economic, Environmental, and
Social.
BMO earned the highest possible score in Customer Relationship
Management and achieved strong performance in the areas of Risk
& Crisis Management, Information Security/Cybersecurity and
System Availability, Talent Attraction & Retention,
Materiality, Occupational Health and Safety, Emissions, Human
Rights, and Privacy Protection.
"BMO's commitment to sustainability is guided by our Purpose, to
Boldly Grow the Good in business and life, for our clients,
colleagues and the communities we serve. Our Purpose informs our
strategy, drives our ambition, and reinforces our commitments to
progress for a thriving economy, a sustainable future, and an
inclusive society," said Sharon
Haward-Laird, General Counsel, BMO Financial Group, and
Chair of the BMO Climate Institute. "Recognition like this tells us
we are on the right track, and we are honoured to be recognized as
a leader in this space."
BMO has many offerings and programs that are supporting progress
for a more sustainable economy, including:
- Committing more than USD$40
billion to address key barriers faced by underserved groups
in the United States
- Supporting women business owners in Canada with a CAD$5-billion commitment
- Acted as a joint-lead manager for the Government of
Canada's inaugural Green Bond
transaction
- Announced a USD$3 million
donation to leading non-profit solar installer, GRID Alternatives,
to provide solar systems for families and individuals in
communities most impacted by climate change
- Introduced a new learning course for employees, "Respecting
Pronouns and the Importance of Inclusion", which outlines steps
everyone can take to build a culture of psychological safety where
people can thrive inside and outside of work
- 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
Carbon neutral in our
operations since 2010, BMO announced its Climate Ambition
in March 2021, including the launch of the BMO Climate
Institute, with a focus on being its clients' lead partner in the
transition to a net-zero world. This goal built on a previous
commitment to mobilize CAD$300 billion in capital to
clients pursuing sustainable outcomes by 2025. In 2021 BMO
established a dedicated Energy Transition Group, to support
clients' pursuit of opportunities driven by the increasing momentum
of the global economy's shift in production and consumption of
energy. In 2022 BMO acquired Radicle Group, now BMO Radicle, a
leader in sustainability advisory services and market-based
solutions, and technology-driven emissions measurement and
management.
BMO's sustainability leadership has been recognized on a number
of other global rankings, including #1 bank on the World
Benchmarking Alliance's 2022 Financial System Benchmark, the
Corporate Knights' Global 100 Most Sustainable Corporations, and
Ethisphere Institute's list of the World's Most Ethical
Companies.
For information on BMO's Purpose and commitments to a
sustainable future, visit its Sustainability Report,
Purpose, Climate and Zero Barriers to Inclusion
2025 pages.
About BMO Financial
Group
BMO Financial Group is the eighth largest bank in North America by assets, with total assets of
$1.3 trillion as of October 31, 2023. Serving customers for 200 years
and counting, BMO is a diverse team of highly engaged employees
providing a broad range of personal and commercial banking, wealth
management, global markets and investment banking products and
services to over 13 million customers across Canada, the United
States, and in select markets globally. Driven by a single
purpose, to Boldly Grow the Good in business and life,
BMO is committed to driving positive change in the world, and
making progress for a thriving economy, sustainable future, and
inclusive society.
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SOURCE BMO Financial Group