BMO Financial Corporation, commonly known as BMO, is a leading player in the financial intermediation services sector, excluding insurance and pension funding. Headquartered in Canada, BMO operates extensively across North America, providing a diverse range of financial solutions. Founded in 1817, the institution has a rich history marked by significant milestones, including its expansion into various markets and the introduction of innovative banking products.
BMO's core offerings encompass personal and commercial banking, wealth management, and investment services, distinguished by a commitment to customer-centric solutions and technological advancements. As a prominent financial institution, BMO has consistently achieved recognition for its robust market position and dedication to sustainable practices, making it a trusted choice for clients seeking comprehensive financial services.
+54 vs industry average
Bmo Financial’s score of 89 is higher than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Part of the Sustainability team at Bmo Financial?
- Control how your company's emission story is told
- Respond to customers efficiently
- See who's viewing your profile
Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Bmo Financial's reported carbon emissions
BMO Financial's most recent reported total carbon emissions for 2025 stand at approximately 95.6 billion kg CO2e. This figure encompasses Scope 1, 2, and 3 emissions. For the 2025 reporting year, BMO Financial reported Scope 1 emissions of about 30.5 million kg CO2e and Scope 2 emissions using the market-based approach at approximately 323,000 kg CO2e. Scope 3 emissions for 2025 included approximately 85.1 million kg CO2e from capital goods, 20.9 million kg CO2e from business travel, 2.2 million kg CO2e from downstream leased assets, and 557.5 million kg CO2e from purchased goods and services. In 2024, total emissions were approximately 97.6 billion kg CO2e. Scope 1 emissions were about 31.5 million kg CO2e, and Scope 2 emissions (market-based) were approximately 349,000 kg CO2e. Scope 3 emissions included about 20 million kg CO2e from business travel, 2.2 million kg CO2e from downstream leased assets, and 658.2 million kg CO2e from purchased goods and services. BMO Financial's climate commitments include a target to reduce operational greenhouse gas emissions by 30% by 2030, using a 2019 baseline. This target applies to Scope 1 and Scope 2 emissions. Furthermore, BMO is targeting net-zero financed emissions in its lending portfolio by 2050, with intermediate reduction targets to be achieved in partnership with clients. The company is also working towards a Canadian portfolio carbon intensity reduction of 45% by 2030.
Unlock detailed emission data
Access structured emission data, company specific factors and auditable source documents
Bmo Financial’s Climate Goals (2030 & 2050)
7 goals2030
30% reduction in Scope 1
We have set an emissions reduction target, utilizing science-based approaches, of a 30% reduction in our operational Scope 1 and Scope 2 GHG…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 7 climate goals
Already have an account? Sign in now
Scope 3 top emissions categories
4 of 15 categories disclosedSee all scope 3 categories
Already have an account? Sign in now
Climate initiatives

Science Based Targets Initiative

Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
View similar organisationsUsage policy
You’re welcome to quote or reference data from this page, but please include a visible link back to this URL. Bulk collection, resale, or redistribution of data from multiple profiles is not permitted.
See our License Agreement for more details.
Where does DitchCarbondata come from?
Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers
Learn moreCurious to see your top suppliers emissions?
Book a demo for a pilot project