In a year when so much changed, we were steadfast in our commitment to sustainability. As a globally recognized leader, we were one of only two North American banks to be named to the Dow Jones Sustainability Indices World Index. We also celebrated our third consecutive year as the most sustainable bank in North America on the Corporate Knights’ Global 100 Most Sustainable Corporations list.
While we’re honoured with this recognition, BMO has never rested on our achievements, choosing instead to continuously challenge expectations of us as a financial institution, corporate and community leader. Our long-standing commitment to sustainability was bolstered by many firsts this year – being
among the first of the Canadian banks to sign the United Nations Principles for Responsible Banking, declaring our climate ambition to be our clients’ lead partner in the transition to a net-zero world, and establishing a dedicated Energy Transition Group to support our clients in their pursuit of energy
The execution of our strategy to build a high-performing, digitally enabled, future-ready bank with leading efficiency, profitability and loyalty, doesn’t just help to grow our bank: it fuels our capability to live our Purpose and achieve progress. As we grow, we’re able to grow more good – for our customers,
shareholders, employees and communities. As one of North America’s largest financial institutions, we take seriously our accountability to act on the most pressing issues of our times. Over the past year we have increased the urgency of our bold commitments:
We recognize the critical role of banks in catalyzing climate action and financing a just energy transition to a net-zero economy. Our 2021 Climate Report details how we are managing risks and opportunities of this transition in consultation with our clients. We encourage you to read the report, which lays out the elements of our approach to climate.
As the economy rebounds from the pandemic, we have an unprecedented opportunity to catalyze real and lasting progress towards a more sustainable society. We’re proud of BMO’s commitment to supporting our customers and communities through the recovery, and excited for the opportunities that lie ahead.
We will leverage our position as a leading financial services organization to create opportunities and deliver progress for all. With the full support of BMO’s Board of Directors and our executive leadership team, our commitment to sustainability is further reinforced by our newly appointed Executive Committee Sponsor for Sustainability, Sharon Haward-Laird, BMO’s General Counsel.
Powered by our Purpose, Team BMO is defining sustainability in action, with bold ambitions for a more sustainable future.
The way we conduct ourselves in the pursuit of our business objectives impacts our customers and other stakeholders, and it influences the amount of trust and confidence they have in us.
At BMO, our aim is a simple one: to lead by example. We’re always striving to catalyze positive change by bringing together partners with a common will to build a more sustainable society and environment.
See how our sustainability principles are embedded into our growth strategy and incorporated into how we do business, manage risk and create value.