Environmental targets and performance


In a time when corporate disclosure around environmental impact is central to the conversation about transitioning to a low carbon economy, we’re ready to engage. Carbon neutral since 2010, we continue to set aggressive targets for the reduction of our operational footprint, and we continue to push forward.


BMO Carbon Neutral Project Descriptions

BMO Carbon Neutral Project Descriptions

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Carbon Neutrality: Achieving our Goal

Carbon Neutrality: Achieving our Goal

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2019 Operational Efficiency Report

2019 Operational Efficiency Report

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Operational ECO5 summary reporting

We strive to mitigate our impact by applying best practices in managing our energy use, transportation, material consumption (including paper), waste generation and procurement – these are the 5 pillars of our ECO5 strategy. This summary report provides a holistic view of the major indicators we use to guide us in the implementation of this strategy and in achieving continual improvement.


Emissions reduction targets and reports

As a bank, the majority of our direct environmental impact is a result of emissions from the buildings we occupy, and the remainder is largely the result of business travel. Since 2008, we’ve met three separate multi-year enterprise emissions reduction targets. And we’ve built on that success with an ambitious new target established in 2017.

 

Absolute emissions target, established 2017

 

  • Plan: Reduce absolute enterprise carbon emissions by 15% versus fiscal 2016 baseline levels by the end of fiscal 2021.
  • Progress: Absolute emissions have decreased by 8.7% as at fiscal year-end 2019, versus fiscal 2016 baseline.

 

Further reporting on emissions

Here’s more information on how we’re measuring against our goal to reduce carbon emissions:

  • CDP: Formerly The Carbon Disclosure Project, CDP is an ongoing effort to enhance the level and quality of carbon emissions disclosure from publicly traded corporations. Read our 2020 response to the CDP which represents the relevant data for our fiscal 2019 period.
  • Emissions verification statement: Read the third party consultant statement providing a commercially independent verification of the completeness and accuracy of our greenhouse gas emissions reporting.

For assistance with accessible formats for online content, please contact sustainability@bmo.com


Environmental policy

Read BMO’s official statement on our environmental policy.

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Environmental policy and approach

BMO’s environmental sustainability strategy, known as ECO5, guides how we reduce the environmental impact of our business operations.

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Environmental community outreach

Through grassroots employee programs and partnerships with environmental organizations, we’re working to create a greener workplace and planet.

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