BMO ranked one of the most sustainable companies in North America on the Dow Jones Sustainability Indices
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. Recognition like this tells us we are on the right track, and we are honoured to be recognized as a leader in this space.”
– Sharon Haward-Laird
General Counsel, BMO Financial Group, and Chair of the BMO Climate Institute
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 our Climate Ambition in March 2021, including the launch of the BMO Climate Institute, with a focus on being our 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.