BMO has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the World’s Most Ethical Companies for the third consecutive year. BMO is one of only three Canadian companies, the only bank in Canada, and one of only four banks worldwide, to have been named to the list, underscoring the bank’s commitment to values-based leadership and ethical business practices.
According to Ethisphere, the 2020 award recognizes companies with individuals and leaders who are diligently working to build a world-class program and advance an environment that is defined by integrity. It is an affirmation of the leadership of companies contributing to the greater good. This award highlights the ongoing importance of culture and a shift in the purpose of corporations showcasing the importance of broader stakeholders and sustainability.
Central to BMO’s approach to fostering an ethical culture is its commitment to acting responsibly and being a powerful tool for promoting social good. Being a responsible bank means weighing the impact of every decision, everywhere BMO does business. Throughout the company’s 203-year history, its culture has embraced building more robust communities, protecting the environment, fostering diversity and inclusion within its teams and communities, and driving social and economic well-being.
“BMO is driven by a single Purpose, to Boldly Grow the Good in business and life,” said Darryl White, Chief Executive Officer, BMO Financial Group. “At our core, we are guided by our values and our long-held belief that corporations are in service, not only to shareholders but also to the communities we serve, our customers, suppliers and employees. Our success is measured by how we earn and retain the trust of all of our stakeholders. This recognition from Ethisphere is a valuable indication of our performance and inspires us to continue to make progress.”
Ethisphere Methodology & Scoring
Grounded in Ethisphere’s proprietary Ethics Quotient®, the World’s Most Ethical Companies assessment process includes more than 200 questions on culture, environmental and social practices, ethics and compliance activities, governance, diversity and initiatives to support a strong value chain. The process serves as an operating framework to capture and codify the leading practices of organizations across industries and around the globe. Best practices and insights from the 2020 honorees will be released in a report and webcast in March and April of this year.
Learn more about BMO’s commitment to doing what’s right and to operating with transparency, and explore our Code of Conduct, which guides us in matters of ethical conduct and responsible decision-making.