Corporate Knights Names BMO North America's Most Sustainable Bank for Fourth Consecutive Year
Bank of Montreal
BMO (Bank of Montreal) has been ranked as the most sustainable bank in North America by Corporate Knights for the fourth consecutive year. Corporate Knights is a research and media company that focuses on sustainable business practices, and its annual ranking is based on a variety of factors, including environmental, social, and governance performance.
BMO is a leading and well-respected bank with a strong reputation for sustainability and diversity. It is ranked as the eighth-largest bank in the world and is in the top 15% of banks globally for sustainable revenue. The bank also received high marks for its commitment to diversity, both on its board of directors and among its leadership team.
"At BMO, our Purpose, to Boldly Grow the Good in business and life, informs our strategy and drives our commitments to progress for a thriving economy, a sustainable future and an inclusive society," said Sharon Haward-Laird, General Counsel, BMO and Executive Committee Sponsor for Sustainability. "It's a true honour to be globally recognised for the leading sustainability practices that help us deliver on our Purpose."
BMO has many offerings and programmes that are supporting progress toward a more just and sustainable economy, including:
Deployed $5 billion over five years to address key barriers faced by minority businesses, communities and families in the United States
Supporting women business owners in Canada with a $5 billion commitment
Acting as a joint-lead manager for the Government of Canada's inaugural Green Bond transaction
Being the first financial institution in the world to implement the Mastercard True Name feature, enabling people to use their true first name on their personal debit and ATM cards without the requirement of a legal name change
In 2021, BMO announced its Climate Ambition, to be a leader in helping clients transition to a net-zero world and launched the BMO Climate Institute. The bank also committed to mobilising $300 billion (CAD) in sustainable lending and underwriting to companies pursuing sustainable outcomes by 2025 and established a dedicated Energy Transition Group to support clients in pursuing opportunities related to the shift in energy production and consumption.
It has received recognition for its sustainability leadership in various global rankings. These include being named the number one bank on the World Benchmarking Alliance's 2022 Financial System Benchmark, being included in the Dow Jones Sustainability Index, and being listed as one of the World's Most Ethical Companies by the Ethisphere Institute.
For more social and governance news