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 63 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bmo Financial's reported carbon emissions
In 2023, BMO Financial reported total carbon emissions of approximately 101,960,000 kg CO2e. This figure includes 38,197,000 kg CO2e from Scope 1 emissions, 69,529,000 kg CO2e from Scope 2 emissions (location-based), and 14,154,000 kg CO2e from Scope 3 emissions related to business travel. The company has set a significant target to reduce its Scope 1 and 2 greenhouse gas emissions by 30% by 2030, using 2019 as a baseline. As of 2023, BMO has either met or closely approached this target, indicating a commitment to substantial emissions reductions. In the previous year, 2022, BMO's total emissions were about 95,835,000 kg CO2e, with Scope 1 emissions at 34,083,000 kg CO2e and Scope 2 emissions (location-based) at 54,788,000 kg CO2e. This demonstrates a trend of increasing emissions over the years, with 2021 reporting 100,261,000 kg CO2e and 2020 at 102,736,000 kg CO2e. BMO's climate commitments reflect a proactive approach to managing its carbon footprint, aligning with industry standards for sustainability and climate action. The bank's ongoing efforts to monitor and reduce emissions are crucial in the context of global climate goals.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 45,672,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 544,000 | 000,000 | 00,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 25,637,000 | 0,000,000 | 000,000,000 | 0,000,000 | 000,000,000 | 000,000,000 |
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 participating in any of the initiatives that 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.
