BMO ranked top bank in North America on Corporate Knights’ 2021 Global 100
BMO has been named to Corporate Knights’ 2021 Global 100 Most Sustainable Corporations in the World and is, for the second year in a row, the most sustainable bank in North America.
BMO was recognized for its sizable portfolio of sustainable loans – including green loans and loans to women and BIPOC-owned small businesses – as well as its ongoing commitment to create a sustainable future across all its operations. BMO also scored highly in leadership and board diversity, with women representing 45.5 per cent of the Board’s independent directors.
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 $400 billion in sustainable finance by 2025, including lending, underwriting and investing $150 billion in companies pursuing sustainable outcomes, and aligning $250 billion in client investments to sustainable objectives. By 2020 the bank had achieved 71 per cent of its $150 billion target and surpassed its $250 billion target.
“As the global discussion about climate change and sustainability grows, companies need not only to be part of the conversation but also part of the solution,” said Dan Barclay, Chief Executive Officer and Group Head, BMO Capital Markets. “BMO has a Purpose-driven commitment to sustainability that includes investing in and supporting the communities where we work and providing strategic support to assist clients in transitioning to more sustainable ways of operating. We believe sustainability is critical to a successful future.”
“Being ranked as the most sustainable bank in North America is a strong validation of the effort and commitment that has gone into our work on Sustainability,” said Michael Torrance, Chief Sustainability Officer, BMO. “As part of our Purpose, BMO is committed to creating long-term value for our stakeholders by responding to today’s most pressing challenges with industry-leading approaches to sustainable finance, climate change, human rights, diversity, equity and inclusion. We’re excited about the progress we’ve made and are more committed than ever to fulfilling our Purpose and to helping clients, employees and communities fulfill theirs.”
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 on Social Capital
- 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 (2020) for the fifth year in a row
- Forbes 2020 Best Employers for Diversity (United States)
- Corporate Knights 2020 Best 50 Corporate Citizens in Canada
