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 94% 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 past five years, BMO has demonstrated a commitment to reducing its carbon footprint. In 2019, the total emissions were about 161,766,000 kg CO2e, indicating a significant reduction of approximately 59,806,000 kg CO2e by 2023. This reduction reflects a broader trend of decreasing emissions, with 2020 and 2021 also showing lower totals of 102,736,000 kg CO2e and 100,261,000 kg CO2e, respectively. Despite these reductions, BMO has not publicly committed to specific science-based targets or formal climate pledges. The company continues to focus on improving its emissions intensity, which has decreased from 0.304 kg CO2e per USD of revenue in 2019 to 0.001569967 kg CO2e per employee in 2023. BMO's ongoing efforts to address climate change align with industry standards, although further commitments and targets would enhance its sustainability profile.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 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.
