Bmo Financial
BMO Financial Group, commonly known as BMO, is a leading financial institution headquartered in Canada. Established in 1817, BMO has evolved into one of the largest banks in North America, with significant operations across Canada and the United States. The bank operates primarily in the banking and financial services industry, offering a diverse range of products including personal and commercial banking, wealth management, and investment services. BMO is renowned for its commitment to customer service and innovative financial solutions, making it a trusted choice for individuals and businesses alike. With a strong market position, BMO has received numerous accolades for its sustainability initiatives and community engagement. As a pioneer in digital banking, BMO continues to enhance its offerings, ensuring clients have access to cutting-edge financial tools and resources.
DitchCarbon Score
How does Bmo Financial's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Bmo Financial's score of 40 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Bmo Financial's reported carbon emissions
In 2023, BMO Financial reported total carbon emissions of approximately 101,960,000 kg CO2e. This figure includes 33,350,000 kg CO2e from Scope 1 emissions, 56,357,000 kg CO2e from Scope 2 emissions (location-based), and 11,820,000 kg CO2e from Scope 3 emissions, which encompasses business travel. Over the years, BMO has demonstrated a commitment to reducing its carbon footprint. In 2022, the total emissions were about 95,835,000 kg CO2e, indicating a slight increase in 2023. The bank has not disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, suggesting a need for further clarity on its long-term climate strategy. BMO's emissions intensity has shown variability, with a GHG intensity of approximately 1,880 kg CO2e per employee in 2023. The bank's focus on transparency in emissions reporting reflects its commitment to addressing climate change, although specific reduction initiatives have not been outlined. Overall, while BMO Financial has made strides in emissions reporting, the absence of defined reduction targets highlights an area for potential growth in its climate commitments.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 45,672,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 544,000 | 000,000 | 00,000 | 000,000 | 000,000 |
| Scope 3 | 1,964,000 | 0,000,000 | 000,000,000 | 0,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Bmo Financial is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
