BMO commemorates Earth Day with Trade Trees
, fromBank of Montreal
Through the Trees from Trades day event hosted by BMO Capital Markets, a portion of the trading fees collected on Earth Day will be donated to help plant thousands of trees.
The second annual Capital Markets "Trees from Trades" day is being held by BMO Financial Group to commemorate Earth Day. Trees from Trades Day is an innovative approach to fundraising, similar to BMO's annual Equity through Education day, which raises funds on one day each autumn by donating a percentage of institutional equity commissions. Today, BMO Capital Markets announced that a portion of Global Markets revenue from trades will be donated to fund the planting of thousands of trees in honor of Earth Day.
Trees from Trades Day at the New York offices of BMO Capital Markets. Levent Kahraman, Co-Head of Global Markets, Kate Whalen, Head of Global Client Coverage, and Dan Goldman, Co-Head of Global Markets (CNW Group/BMO Financial Group), from left to right.
"As part of our Purpose to Boldly Grow the Good in Business and Life,"
said Levent Kahraman, Co-Head Global Markets, BMO Capital Markets,
"we are committed to a more sustainable future. In its second year, the Trees from Trades program unites BMO Capital Markets around a common goal: funding a greener world through tree planting."
"Through afforestation and the preservation of local ecosystems, we can use nature-based solutions to reduce the impact of greenhouse gas emissions,"
said Michael Torrance, Chief Sustainability Officer at BMO Financial Group.
"The trees we plant as a result of Trees from Trades, and the preservation of global biodiversity in general, will help to combat climate change by reducing carbon emissions - which will be critical for achieving the net zero world."
Tree planting will take place in collaboration with organizations such as the Mastercard Priceless Planet Coalition, Veritree, and Tree Canada. BMO became the first Canadian bank to join the Mastercard Priceless Planet Coalition in 2020, with the goal of planting 100 million trees in five years. Veritree is a platform that provides transparency to global reforestation efforts on the ground. Tree Canada is a national non-profit organization dedicated to planting and caring for trees in rural and urban areas throughout Canada.
BMO is a recognized leader in sustainability.
BMO has been carbon neutral in its own operations since 2010, and in March 2021 announced its Climate Ambition, pledging to deploy $300 billion in sustainable lending and underwriting to companies pursuing sustainable outcomes by 2025. BMO is committed to being its clients' lead partner in the transition to a net zero world, and has completed green and sustainability-linked loans for companies in a variety of sectors, with targets including decarbonization, diversity and inclusion, and health and safety, since December 2019. BMO established a dedicated Energy Transition Group and the BMO Climate Institute in 2021 to support clients' pursuit of opportunities driven by the increasing momentum of the global economy's shift in energy production and consumption.
The Wall Street Journal's 100 Most Sustainably Managed Companies in the World, Corporate Knights' Global 100 Most Sustainable Corporations, Dow Jones Sustainability Indices World Index, and Ethisphere Institute's list of the World's Most Ethical Companies have all recognized BMO's leadership in sustainability.
Please see the bank's most recent Sustainability Report for more information on BMO's commitment to a sustainable future. Click here to learn more about BMO's sustainable finance. Visit BMO's Climate page to learn more about its climate goals.
Source: BMO newsroom