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 61 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, with Scope 1 emissions at about 38,197,000 kg CO2e and Scope 2 emissions at approximately 69,529,000 kg CO2e. The company has set ambitious targets to reduce its Scope 1 and 2 greenhouse gas (GHG) emissions by 30% from a 2019 baseline by the year 2030. This commitment reflects BMO's dedication to addressing climate change and reducing its carbon footprint. Over the years, BMO has demonstrated a consistent approach to managing its emissions. For instance, in 2020, the total emissions were about 102,736,000 kg CO2e, indicating a slight decrease in emissions by 2023. The bank's GHG intensity has also been monitored, with a reported intensity of 1,920 kg CO2e per full-time equivalent employee in 2023. BMO's climate commitments are aligned with industry standards, focusing on transparency and accountability in emissions reporting. The bank continues to work towards its reduction targets, aiming to meet or exceed its goals in the coming years.
Unlock detailed emissions data
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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 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.
