TORONTO, ONTARIO and CHICAGO, ILLINOIS and DAVOS, SWITZERLAND--(Marketwired - Jan. 21, 2016) - For the third year in a row, BMO Financial Group has been named to the Global 100 - reinforcing its position as one of the most sustainable corporations in the world. The announcement was made during the World Economic Forum Annual Meeting in Davos, Switzerland.
The Global 100 - an annual project initiated by Corporate Knights Inc. - is the world's most extensive data-driven assessment of corporate sustainability. Inclusion on the list is limited to a select group of the top 100 large-cap companies in the world.
"We are tremendously honoured to be included again in this select group," said Simon Fish, General Counsel for BMO Financial Group and Chair, BMO Sustainability Council. "We strongly believe that we have an obligation to society and the communities where we live and work to operate our business responsibly and to consider the environmental and social consequences of everything we do."
BMO and Sustainability
BMO is listed on several key sustainability indices, including: Dow Jones Sustainability North America Index, Jantzi Social Index, FTSE4Good Series Index and 2015 Canada 200 Carbon Disclosure Leadership Index. BMO is also included on the Maclean's/Jantzi-Sustainalytics list of the Top 50 Socially Responsible Corporations in Canada and Corporate Knights Magazine's Best 50 Corporate Citizens.
BMO's Environmental, Social and Governance Report and Public Accountability Statement (ESG Report/PAS) outlines the most material environmental, social and governance (ESG) issues as identified by our stakeholders and the bank. Our sustainability performance metrics are listed in our ESG Scorecard. The ESG Report/PAS is available at: www.bmo.com/esg-pas-report. The new edition for 2015 will be available in February.
2015 Sustainability Highlights:
- BMO Capital Markets was involved in raising approximately $2.9 billion of equity and debt in the capital markets for entities active in renewable energy across North America
- BMO Harris Bank made US$947.3 million in community development loans to support economic development, community service and quality affordable housing in the U.S.
- BMO contributed more than $56 million in donations to non-profit organizations across North America
- BMO has maintained its carbon neutral status since 2010. It has two emissions-related reduction targets, both established in 2013. Our year-over-year performance is reported at: www.bmo.com/home/about/banking/corporate-responsibility/environment/environmental-performance
BMO's Corporate Responsibility Report complements the ESG Report/PAS and includes a collection of stories about our relationships with our customers and the communities where we operate. The report is available on our website at: www.bmo.com/corporateresponsibility.
About BMO Financial Group
Established in 1817, BMO Financial Group is a highly diversified financial services provider based in North America. With total assets of approximately $642 billion as of October 31, 2015, and close to 47,000 employees, BMO provides a broad range of retail banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, Wealth Management and BMO Capital Markets.
To view the methodology used to determine the Global 100, visit: http://global100.org/methodology/
Peter Scott, Toronto