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Combatting Climate Change through Sustainable Finance

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BMO has been a leader on combatting climate change for decades, and became the first carbon neutral bank in Canada in 2010. Our commitment has only grown since then. In June of 2019, BMO announced that by 2025, we will mobilize $400 billion for sustainable finance. It’s just a part of our urgent effort to remain a leading player in sustainable finance through solutions that help our clients create a more sustainable future.

In 2018, BMO participated in over $10 billion in financing for renewable energy projects and has jointly led sustainable bond issuances for Ontario, Quebec and the World Bank. Now we take the next step in the bank’s strategic vision to help our clients achieve their sustainability objectives, by:

  • Doubling the bank’s mobilization for sustainable finance to $400 billion, including:
    • $250 billion in client investments, which, as trusted advisors, BMO will help to align with sustainable objectives
    • Provide $150 billion in capital to companies pursuing sustainable outcomes
    • Complement this with products and advisory services to help clients chart a path to improved sustainability
  • Creating an impact investment fund to find and scale solutions to the sustainability problems faced by clients; seed fund with $250 million in capital

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