BMO Economical Group 2020 Sustainability Report and Community Accountability Statement Now Out there On-line

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TORONTO and CHICAGO, Dec. 18, 2020 /PRNewswire via COMTEX/ —

TORONTO and CHICAGO, Dec. 18, 2020 /PRNewswire/ – BMO Economic Group has released its 2020 Sustainability Report. The report can be downloaded at https://our-effects.bmo.com/experiences/
The 2020 Sustainability Report provides BMO’s environmental, social and governance (ESG) disclosure, with a emphasis on troubles discovered by stakeholders as most affecting the bank’s sustainability. The report also consists of the Public Accountability Statements for Bank of Montreal and its relevant subsidiaries: Lender of Montreal Home loan Corporation, BMO Lifestyle Assurance Enterprise and BMO Life Insurance coverage Enterprise.


“We are incredibly pleased to present our 13th Sustainability Report to our stakeholders,” explained Simon Fish, Standard Counsel and Chair of BMO’s Sustainability Council. “Our bank is committed to responding to present-day most pressing difficulties and to developing prolonged-phrase value for our stakeholders. We are performing this by implementing market-main methods in key places like sustainable finance, local climate change, human rights, range, equity and inclusion.”

Our 2020 Sustainability Report highlights:



      BMO’s response to the COVID-19 pandemic, which include how we are supporting our employees, shoppers and communities as a result of the disaster. 



      How we are residing our Reason, such as reporting on development built towards our Daring Commitments and introducing our Zero Limitations to Inclusion 2025 system and objectives. 



      Development built towards our dedication to mobilize $400 billion in sustainable finance by 2025. Surpassed our target to align $250 billion in customer investments with sustainable goals, and achieved 71% of our determination to mobilize $150 billion in capital to providers pursuing sustainable objectives. 



      Enhancement of our disclosure of our technique to environmental and social hazard administration which include liable lending and sustainable procurement. 



      BMO’s 2020 Climate Report — handling climate-connected pitfalls and alternatives in line with the Taskforce on Weather-linked Monetary Disclosures (TCFD), like information of the local climate-related circumstance investigation do the job done in 2020. In 2020, our lending to carbon-relevant assets amounted to 3.% of our complete lending portfolio. 



      In 2020 we established and obtained a aim to match 100% of our global electric power use with electric power procured from renewable resources, which include investing in renewable strength certificates that will allow the technology of over 400,000 MWh of renewable energy. 



      Our very first Sustainability Bond Affect 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 up to date sustainability materiality assessment, done applying an artificial intelligence and significant info system. 



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



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



      Rated 15th on the Wall Road Journal’s 2020 checklist of the 100 Most Sustainably Managed Businesses in the Entire world, 3rd in general on Social Cash 



      Ranked in the prime 10% of banking institutions globally on the Dow Jones Sustainability Index 



      Leading rated North American lender on Company Knights 2020 World wide 100 Most Sustainable Firms in the Entire world 



      Scored an A- on the 2020 CDP Local climate Alter Questionnaire 



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



      Bloomberg Gender-Equality Index (2020) for the fourth yr in a row 



      Forbes 2020 Finest Companies for Variety (United States) 



      Corporate Knights 2020 Greatest 50 Corporate Citizens in Canada



About BMO Monetary Group 
Serving clients for 200 a long time and counting, BMO is a really diversified economic expert services provider – the 8th largest lender, by assets, in North The usa. With total belongings of $949 billion as of October 31, 2020, and a workforce of assorted and hugely engaged employees, BMO gives a wide selection of private and commercial banking, prosperity administration and financial commitment banking products and solutions and services to more than 12 million buyers and conducts small business as a result of three working groups: Personalized and Commercial Banking, BMO Prosperity Management and BMO Capital Marketplaces.

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Source  BMO Economical Team




        




        

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