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BMO Monetary Group 2020 Sustainability Report and General public Accountability Assertion Now Out there On-line

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TORONTO and CHICAGO, Dec. 18, 2020 /PRNewswire by means of COMTEX/ —
TORONTO and CHICAGO, Dec. 18, 2020 /PRNewswire/ – BMO Fiscal Group has printed its 2020 Sustainability Report. The report can be downloaded at https://our-affect.bmo.com/studies/

The 2020 Sustainability Report offers BMO’s environmental, social and governance (ESG) disclosure, with a concentrate on difficulties recognized by stakeholders as most influencing the bank’s sustainability. The report also incorporates the General public Accountability Statements for Financial institution of Montreal and its applicable subsidiaries: Bank of Montreal Home finance loan Company, BMO Lifetime Assurance Corporation and BMO Lifestyle Insurance policy Firm.

“We are really delighted to existing our 13th Sustainability Report to our stakeholders,” said Simon Fish, General Counsel and Chair of BMO’s Sustainability Council. “Our bank is dedicated to responding to present day most urgent worries and to making extended-expression worth for our stakeholders. We are doing this by implementing field-foremost techniques in vital areas like sustainable finance, climate alter, human legal rights, range, equity and inclusion.”

Our 2020 Sustainability Report highlights:

  • BMO’s reaction to the COVID-19 pandemic, together with how we are supporting our staff, buyers and communities by the disaster.

  • How we are dwelling our Function, like reporting on progress produced towards our Daring Commitments and introducing our Zero Boundaries to Inclusion 2025 method and goals.

  • Development produced toward our commitment to mobilize $400 billion in sustainable finance by 2025. Surpassed our intention to align $250 billion in shopper investments with sustainable aims, and attained 71% of our dedication to mobilize $150 billion in money to organizations pursuing sustainable aims.

  • Enhancement of our disclosure of our strategy to environmental and social danger management which includes responsible lending and sustainable procurement.

  • BMO’s 2020 Climate Report — handling local climate-connected threats and chances in line with the Taskforce on Climate-connected Economic Disclosures (TCFD), which include details of the local weather-linked scenario analysis perform concluded in 2020. In 2020, our lending to carbon-connected belongings amounted to 3.% of our complete lending portfolio.

  • In 2020 we set and realized a target to match 100% of our global electrical power use with energy procured from renewable resources, such as investing in renewable electricity certificates that will empower the era of above 400,000 MWh of renewable electricity.

  • Our initially Sustainability Bond Impact Report with details on the allocation of proceeds and quantitative and qualitative descriptions of optimistic impacts ensuing from the sustainability bond we issued in October 2019.

  • An current sustainability materiality evaluation, executed making use of an artificial intelligence and significant info system.

  • New disclosures in line with the Sustainability Accounting Expectations Board (SASB) specifications.

In 2020, BMO’s sustainability disclosure contributed to the firm’s standing on several rankings, including:

  • Ranked 15th on the Wall Street Journal’s 2020 listing of the 100 Most Sustainably Managed Firms in the Earth, third total on Social Funds

  • Rated in the top rated 10% of banking companies globally on the Dow Jones Sustainability Index

  • Major ranked North American bank on Corporate Knights 2020 World-wide 100 Most Sustainable Corporations in the Globe

  • Scored an A- on the 2020 CDP Local weather Modify Questionnaire

  • Ethisphere® Institute’s checklist of the 2020 World’s Most Moral Companies®

  • Bloomberg Gender-Equality Index (2020) for the fourth calendar year in a row

  • Forbes 2020 Finest Businesses for Range (United States)

  • Corporate Knights 2020 Very best 50 Corporate Citizens in Canada

About BMO Money Group 
Serving customers for 200 several years and counting, BMO is a highly diversified monetary companies company – the 8th biggest bank, by belongings, in North The united states. With full assets of $949 billion as of October 31, 2020, and a group of diverse and very engaged employees, BMO provides a wide selection of personal and professional banking, prosperity management and financial commitment banking solutions and companies to additional than 12 million customers and conducts organization by means of a few operating groups: Private and Business Banking, BMO Prosperity Administration and BMO Funds Markets.

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Supply BMO Fiscal Team

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