- Recognition honours those who incorporate integrity into
their ecosystems
- BMO one of only two companies in Canada and the only bank in Canada to be honoured
TORONTO, March 14, 2018 /CNW/ - BMO Financial Group has
been recognized by the Ethisphere Institute as one of the 2018
World's Most Ethical Companies. BMO is one of only two
companies in Canada, the only bank
in Canada, and one of only four
banks worldwide, to have been named to the list, underscoring the
bank's commitment to values-based leadership and ethical business
practices. Honorees were formally recognized at a Gala Dinner held
last night by Ethisphere in conjunction with its
10th Annual Global Ethics Summit in New York City.
According to Ethisphere, companies recognized in 2018 had record
levels of involvement with their stakeholders and in their
communities. Measuring and improving culture, leading
authentically, and committing to transparency, diversity, and
inclusion were all priorities.
"Weighing the impact of every decision starts with a basic
question: What do our stakeholders expect? The value we help to
create goes far beyond the returns we deliver to investors. It's
also measured by the positive impacts we achieve collectively, with
all of our stakeholders. We consult with them regularly and are
committed to rigorously measuring and reporting on BMO's
performance in this regard," said Darryl
White, Chief Executive Officer, BMO Financial
Group.
"Our line of work allows us to be catalysts for creating
economic growth. And as our bank moves forward, we stay agile and
responsive as we adapt to, and help to create, new opportunities.
At the same time, we're anchored by fundamentals that don't change
– beginning with our accountability to all stakeholders as we work
to earn and retain their trust. They can count on us to always
demonstrate principled behaviour that is guided by our values."
Methodology & Scoring
The World's Most Ethical
Companies assessment is based upon the Ethisphere Institute's
Ethics Quotient® (EQ) framework. Scores are
generated in five key categories: ethics and compliance program (35
percent), corporate citizenship and responsibility (20 percent),
culture of ethics (20 percent), governance (15 percent) and
leadership, innovation and reputation (10 percent).
The full list of the 2018 World's Most Ethical Companies can
be found at https://worldsmostethicalcompanies.com/honorees
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 $728 billion as of January 31, 2018,
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, BMO Wealth
Management and BMO Capital Markets.
About the Ethisphere Institute
The Ethisphere® Institute is the global leader in defining and
advancing the standards of ethical business practices that fuel
corporate character, marketplace trust and business success.
Ethisphere has deep expertise in measuring and defining core ethics
standards using data-driven insights that help companies enhance
corporate character and measure and improve culture. Ethisphere
honors superior achievement through its World's Most Ethical
Companies recognition program and provides a community of industry
experts with the Business Ethics Leadership Alliance (BELA). More
information about Ethisphere can be found at:
https://ethisphere.com.
SOURCE BMO Financial Group