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 71 is higher than 85% 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 2024, BMO Financial reported total carbon emissions of approximately 31,132,000 kg CO2e in Canada, comprising 18,125,000 kg CO2e from Scope 1 and 13,007,000 kg CO2e from Scope 2. This reflects a commitment to reducing operational greenhouse gas (GHG) emissions by 30% by 2030 from a 2019 baseline, utilising science-based approaches. Globally, BMO's emissions for 2024 totalled about 102,912,000 kg CO2e, with Scope 1 emissions at 33,090,000 kg CO2e, Scope 2 emissions at 69,822,000 kg CO2e (location-based), and significant Scope 3 emissions, including 658,151,000 kg CO2e from purchased goods and services. BMO has set ambitious long-term targets, aiming for net-zero financed emissions in its lending portfolio by 2050, with interim targets to be achieved in collaboration with clients. The bank's initiatives include a 30% reduction target for both Scope 1 and Scope 2 emissions by 2030, and a 33% reduction in portfolio emissions intensity by 2030, aligned with the Oil Sands Pathway to Net Zero Initiative. BMO's climate commitments are supported by its participation in various initiatives, including the Canadian Investor Statement on Climate Change, reinforcing its dedication to achieving net-zero emissions and addressing climate change impacts effectively.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 37,837,000 | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 115,334,000 | 000,000,000 | 00,000,000 | 000,000 | 000,000 | 00,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 22,097,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 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.
