BMO’s sustainable procurement practices are guided by our supplier code of conduct, which outlines the principles we expect our suppliers to uphold related to integrity, fair dealing and sustainability. Our procurement department works with our Sustainability Office to support their efforts to enable the identification of environmental and social risk within BMO’s supply chain.
We use environmental and social risk data tools to enhance our monitoring of issues affecting our supply chain. In 2020, we advanced our capabilities for understanding GHG emissions related to our supply chain, specifically Scope 3 category 1 emissions from purchased goods and services in the GHG protocol. This work will enable us to better identify carbon hot spots in our supply chain, and will also inform the development of our sustainable procurement program.
Other areas of focus include using more sustainable materials in new construction and renovation projects for our facilities. We aim to purchase locally manufactured materials and/or materials comprised of recycled content to reduce our impact on the environment. We choose materials containing low volatile organic compound (VOC) elements, to protect employee and customer health and comfort. And to minimize waste going to landfill, we select quality materials with a long lifespan. BMO also makes it a priority to use green cleaning products, furthering our protection of the environment.