BMO Fiscal Team 2020 Sustainability Report and Community Accountability Statement Now Available On-line

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TORONTO and CHICAGO, Dec. 18, 2020 /PRNewswire/ – BMO Economical Group has released its 2020 Sustainability Report. The report can be downloaded at https://our-effects.bmo.com/experiences/

The 2020 Sustainability Report gives BMO’s environmental, social and governance (ESG) disclosure, with a focus on troubles recognized by stakeholders as most affecting the bank’s sustainability. The report also involves the Community Accountability Statements for Lender of Montreal and its applicable subsidiaries: Bank of Montreal Property finance loan Corporation, BMO Existence Assurance Corporation and BMO Lifetime Insurance policies Organization.

“We are incredibly delighted to present our 13th Sustainability Report to our stakeholders,” claimed Simon Fish, Standard Counsel and Chair of BMO’s Sustainability Council. “Our bank is committed to responding to today’s most urgent difficulties and to creating lengthy-expression benefit for our stakeholders. We’re doing this by making use of sector-leading approaches in crucial parts like sustainable finance, climate alter, human legal rights, diversity, equity and inclusion.”

Our 2020 Sustainability Report highlights:

• BMO’s response to the COVID-19 pandemic, including how we are supporting our workers, customers and communities by means of the disaster.
• How we are living our Intent, which include reporting on development manufactured toward our Daring Commitments and introducing our Zero Obstacles to Inclusion 2025 technique and ambitions.
• Progress manufactured toward our motivation to mobilize $400 billion in sustainable finance by 2025. Surpassed our goal to align $250 billion in client investments with sustainable objectives, and realized 71% of our motivation to mobilize $150 billion in cash to organizations pursuing sustainable objectives.
• Enhancement of our disclosure of our approach to environmental and social possibility administration which include responsible lending and sustainable procurement.
• BMO’s 2020 Weather Report — taking care of local climate-linked threats and options in line with the Taskforce on Local weather-similar Money Disclosures (TCFD), such as facts of the local weather-associated state of affairs examination work accomplished in 2020. In 2020, our lending to carbon-relevant belongings amounted to 3.% of our complete lending portfolio.
• In 2020 we established and realized a target to match 100% of our global electricity use with energy procured from renewable resources, like investing in renewable strength certificates that will allow the generation of around 400,000 MWh of renewable electrical power.
• Our initially Sustainability Bond Impact Report with information on the allocation of proceeds and quantitative and qualitative descriptions of positive impacts resulting from the sustainability bond we issued in October 2019.
• An up-to-date sustainability materiality evaluation, performed employing an artificial intelligence and big facts platform.
• New disclosures in line with the Sustainability Accounting Benchmarks Board (SASB) criteria.

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

• Ranked 15th on the Wall Street Journal’s 2020 listing of the 100 Most Sustainably Managed Organizations in the Entire world, 3rd all round on Social Money
• Ranked in the major 10% of banks globally on the Dow Jones Sustainability Index
• Leading rated North American financial institution on Company Knights 2020 Worldwide 100 Most Sustainable Corporations in the World
• Scored an A- on the 2020 CDP Climate Modify Questionnaire
• Ethisphere® Institute’s listing of the 2020 World’s Most Ethical Companies®
• Bloomberg Gender-Equality Index (2020) for the fourth yr in a row
• Forbes 2020 Very best Companies for Range (United States)
• Company Knights 2020 Greatest 50 Corporate Citizens in Canada

About BMO Money Team
Serving buyers for 200 several years and counting, BMO is a very diversified economic services supplier – the 8th greatest financial institution, by belongings, in North The united states. With total assets of $949 billion as of Oct 31, 2020, and a group of various and remarkably engaged workforce, BMO supplies a broad vary of own and business banking, wealth administration and investment decision banking products and services to much more than 12 million consumers and conducts company by means of three working teams: Personalized and Industrial Banking, BMO Prosperity Administration and BMO Capital Markets.

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Resource BMO Financial Group