BMO ranks as most sustainable bank in North America for fourth consecutive year and eighth in the world
BMO has been named to Corporate Knights’ 2023 Ranking of the World’s 100 Most Sustainable Corporations as the most sustainable bank in North America for the fourth year in a row. BMO, which ranked as the eighth bank in the world and in the top 15 per cent of banks globally for clean revenue, received high marks for diversity on its board and among its leadership.
“At BMO, we’re proud of the progress we’re making on our Purpose to Boldly Grow the Good in business and life, which informs our strategy, drives our ambition, and reinforces our commitments to progress for a thriving economy, a sustainable future and an inclusive society. It’s a true honour to receive recognition on a global level for sustainability practices that directly ladder up to our Purpose.”
Sharon Haward-Laird, General Counsel, BMO and Executive Committee Sponsor for Sustainability
BMO has many offerings and programs that are supporting progress for 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
BMO announced its Climate Ambition in March 2021, including the launch of the BMO Climate Institute, with a focus on being its clients’ lead partner in the transition to a net-zero world. This goal built on a previous commitment to mobilize $300 billion (CAD) in sustainable lending and underwriting to companies pursuing sustainable outcomes by 2025. In 2021 BMO established a dedicated Energy Transition Group, to support clients’ pursuit of opportunities driven by the increasing momentum of the global economy’s shift in production and consumption of energy.
BMO’s sustainability leadership has been recognized on a number of global rankings, including number one bank on the World Benchmarking Alliance’s 2022 Financial System Benchmark, the Dow Jones Sustainability Index, and Ethisphere Institute’s list of the World’s Most Ethical Companies.
Find more information about Corporate Knights’ 2023 Ranking of the World’s 100 Most Sustainable Corporations.