Bmo Financial
BMO Financial Group, commonly known as BMO, is a leading financial services provider headquartered in Montreal, Canada. Established in 1817, BMO has evolved into one of the largest banks in North America, with significant operations in 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 recognised for its commitment to innovation and customer service, providing unique solutions tailored to individual and business needs. With a strong market position, BMO has achieved notable milestones, including its consistent ranking among the top Canadian banks. The bank's focus on sustainability and community engagement further distinguishes it in the competitive financial landscape.
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 83% 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 102,000 tonnes CO2e. This figure includes 33,350 tonnes CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and about 56,357 tonnes CO2e from Scope 2 emissions, which are indirect emissions from the generation of purchased electricity. Additionally, Scope 3 emissions, which encompass other indirect emissions, accounted for significant contributions, including around 11,820,000 tonnes CO2e from business travel. Over the years, BMO has demonstrated a commitment to reducing its carbon footprint. From 2019 to 2023, the bank achieved a notable reduction in total emissions, decreasing from approximately 162,000 tonnes CO2e in 2019 to about 102,000 tonnes CO2e in 2023. This represents a reduction of approximately 37% over the five-year period. BMO has received commendable scores in climate-related assessments, including an "A-" rating from CDP, indicating strong performance in environmental transparency and action. The bank continues to engage in various initiatives aimed at further reducing its emissions and enhancing its sustainability practices, although specific reduction targets have not been detailed in the available data. Overall, BMO Financial is actively working towards a more sustainable future, aligning its operations with industry standards for climate action and emissions reduction.
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Add to project2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 45,672,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 90,457,000 | 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 committed to some 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.
