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 102,912,000 kg CO2e globally, with specific contributions from various scopes: 33,090,000 kg CO2e from Scope 1, 35,600 kg CO2e from Scope 2 (market-based), and a significant 658,151,000 kg CO2e from Scope 3 emissions, which includes business travel and purchased goods and services. In Canada, BMO's emissions were approximately 31,132,000 kg CO2e, with 18,125,000 kg CO2e from Scope 1 and 13,007,000 kg CO2e from Scope 2. BMO has set ambitious climate commitments, targeting a 30% reduction in operational GHG emissions (Scope 1 and 2) by 2030, using a 2019 baseline. This target is aligned with science-based approaches and reflects their commitment to sustainability. Additionally, BMO aims for net-zero financed emissions in their lending by 2050, with intermediate targets to be achieved in collaboration with clients. The bank's efforts are part of a broader strategy to address climate change, including a commitment to reduce portfolio emissions intensity by 33% by 2030, consistent with initiatives like the Oil Sands Pathway to Net Zero. BMO's climate strategy is supported by their participation in various climate initiatives, ensuring they remain accountable and transparent in their progress towards these goals.
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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.
