Our Impact

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Our impact
Our impact
Boldly grow the Good in business and life

BMO’s Purpose, to Boldly Grow the Good in business and life, informs our strategy, drives our ambition, and reinforces our commitment to double the good. It’s how we are driving progress for our colleagues, customers and communities.

Double the Good

For a thriving economy

doubling our support to address key barriers faced by women-, minority- and small business owners

US$ 5B

Goal surpassed to address key barriers faced by minority businesses, communities and families in the United States

89%

Progress towards our target to double the size of our Indigenous Banking business to $8 billion

For a sustainable future

an industry-leading approach to drive climate solutions and sustainable outcomes

$300B

in capital to clients pursuing sustainable outcomes through green, social and sustainable lending, underwriting, advisory services, and investment

Year 2050

Net-zero financed emissions in our lending by 2050

For an inclusive society

zero barriers to inclusion for our colleagues, customers and communities, for a more equitable future for all

40%

More than 40% of senior leaders are women—and that’s been true for the last six years

25%

More than 25% of senior managers in Canada and the U.S. are people of colour

2022

$69M

in community giving

$27M

donated by employees through
our annual Giving Campaign

A message from our CEO

Our 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 inspires our commitment to progress. Our business performance enables us to put our Purpose into action and supports our efforts to make progress for a thriving economy, a sustainable future and an inclusive society – underpinned by a foundation of trust.

A message from our CEO

For a thriving economy

We are doubling our support for women- and minority-owned businesses to address key barriers faced by those business owners and their communities through lending, investing, giving and engagement. We continue to focus on small business lending overall as the engine of growth in communities across our footprint.

Our practice areas include:

For a sustainable future

We are committed to be our clients’ lead partner in the transition to a net zero future. We are mobilizing $300 billion in support of sustainable finance and driving solutions to sustainability challenges through our $250 million Impact Fund and the BMO Climate Institute.

Our practice areas include:

For an inclusive society

We are focused on providing access to opportunities and enabling growth for our colleagues, our customers and the communities we serve through our Zero Barriers to Inclusion 2025 strategy. We are committed to supporting equity, equality and inclusion and to building a more just society – especially for groups facing systemic barriers.

Our practice areas include:

Building a foundation of trust

Earning the trust of our stakeholders is a foundation of our business success, and it enables us to deliver on our Purpose. It starts with living up to our values of integrity, empathy, diversity and responsibility in every decision and every action.

Our practice areas include:

We take a risk-based approach to managing E&S risk and it is a part of our Enterprise-wide Risk Management Framework (ERMF). We may indirectly be exposed to financial loss or reputational harm if our customers, suppliers or clients are affected by E&S risk. Where heightened risk is identified, our enterprise and credit risk management frameworks outline enhanced due diligence, escalations and exceptions processes to allow for consideration of specific client relationships.

2022 Sustainability Report and Public Accountability Statement

BMO’s latest Sustainability report outlines key environmental, social and governance areas of interest to our stakeholders and discloses our performance in these areas.

Related Links

Stay up to date on how we are fuelling change in our communities and around the world. Our new blog features articles, interviews, and the latest news from across BMO.

 

Explore the world of corporate sustainability through discussion and interviews with corporate practitioners, investors, scholars, and the Non-Governmental Organization (NGO) community.

 

Learn more about who we are, and how we are fueling progress and expanding possibilities for individuals, families and businesses across North America.