- BMO earned the highest possible score in the areas of
Environmental Reporting, Social Reporting and Financial
Inclusion.
TORONTO, Dec. 19,
2022 /CNW/ - BMO Financial Group has been
named to the Dow Jones Sustainability North America Index (DJSI).
The DJSI is a set of best-in-class 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 ranked in the 95th percentile among banks globally and
earned the highest possible score in the areas of Environmental
Reporting, Social Reporting and Financial Inclusion. The bank was
also recognized for strong performance in Talent Attraction &
Retention, Anti-Crime Policy & Measures, Climate Strategy,
Corporate Citizenship & Philanthropy, and Information
Security/Cybersecurity.
"BMO's Purpose to Boldly Grow the Good in business and
life 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 Executive Committee Sponsor for Sustainability.
"It's a real testament to the progress we're making to be
recognized for sustainability practices that directly ladder up to
our Purpose."
BMO has many offerings and programs that are supporting progress
for a more just and sustainable economy, including:
- Committing $5 billion over five
years to address key barriers faced by minority businesses,
communities and families in the United
States
- Supporting women business owners in Canada with a $5-billion commitment
- Acting as a joint-lead manager for the Government of
Canada's inaugural Green Bond
transaction
- 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
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 $300
billion in sustainable lending and underwriting to companies
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.
BMO's sustainability leadership has been recognized on a number
of 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
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 $1.14 trillion as of October 31, 2022, 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 12 million customers
and conducts business through three operating groups: Personal and
Commercial Banking, BMO Wealth Management and BMO Capital
Markets.
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SOURCE BMO Financial Group