{"id":402759,"date":"2020-12-18T08:33:19","date_gmt":"2020-12-18T13:33:19","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=402759"},"modified":"2020-12-18T08:33:19","modified_gmt":"2020-12-18T13:33:19","slug":"bmo-financial-group-2020-sustainability-report-and-public-accountability-statement-now-available-online","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bmo-financial-group-2020-sustainability-report-and-public-accountability-statement-now-available-online\/","title":{"rendered":"BMO Financial Group 2020 Sustainability Report and Public Accountability Statement Now Available Online"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">TORONTO<\/span> and <span class=\"xn-location\">CHICAGO<\/span>, <span class=\"xn-chron\">Dec. 18, 2020<\/span> \/PRNewswire\/ &#8211;\u00a0BMO Financial Group has published its 2020 Sustainability Report. The report can be downloaded at\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3017732-1&amp;h=2884869412&amp;u=https%3A%2F%2Four-impact.bmo.com%2Freports%2F&amp;a=https%3A%2F%2Four-impact.bmo.com%2Freports%2F\" rel=\"nofollow noopener noreferrer\">https:\/\/our-impact.bmo.com\/reports\/<\/a><\/p>\n<p>The 2020 Sustainability Report provides BMO&#8217;s environmental, social and governance (ESG) disclosure, with a focus on issues identified by stakeholders as most affecting the bank&#8217;s sustainability. The report also includes the Public Accountability Statements for Bank of\u00a0Montreal\u00a0and its applicable subsidiaries: Bank of Montreal Mortgage Corporation, BMO Life Assurance Company and BMO Life Insurance Company.<\/p>\n<p>&#8220;We are very pleased to present our 13th Sustainability Report to our stakeholders,&#8221; said <span class=\"xn-person\">Simon Fish<\/span>, General Counsel and Chair of BMO&#8217;s Sustainability Council. &#8220;Our bank is committed to responding to today&#8217;s most pressing challenges and to creating long-term value for our stakeholders. We&#8217;re doing this by applying industry-leading approaches in key areas like sustainable finance, climate change, human rights, diversity, equity and inclusion.&#8221;<\/p>\n<p>Our 2020 Sustainability Report highlights:<\/p>\n<ul type=\"disc\">\n<li>BMO&#8217;s response to the COVID-19 pandemic, including how we are supporting our employees, customers and communities through the crisis. <\/li>\n<li>How we are living our Purpose, including reporting on progress made toward our Bold Commitments and introducing our Zero Barriers to Inclusion 2025 strategy and goals. <\/li>\n<li>Progress made toward our commitment to mobilize <span class=\"xn-money\">$400 billion<\/span> in sustainable finance by 2025. <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3017732-1&amp;h=373422256&amp;u=https%3A%2F%2Fnewsroom.bmo.com%2F2019-06-07-BMO-Unveils-Commitments-to-Double-the-Good-for-Thriving-Economy-Sustainable-Future-and-Inclusive-Society&amp;a=Surpassed+our+goal+to+align+%24250+billion+in+client+investments+with+sustainable+objectives%2C\" rel=\"nofollow noopener noreferrer\">Surpassed our goal to align <span class=\"xn-money\">$250 billion<\/span> in client investments with sustainable objectives,<\/a> and achieved 71% of our commitment to mobilize <span class=\"xn-money\">$150 billion<\/span> in capital to companies pursuing sustainable objectives. <\/li>\n<li>Enhancement of our disclosure of our approach to environmental and social risk management including responsible lending and sustainable procurement. <\/li>\n<li>BMO&#8217;s 2020 Climate Report &#8212; managing climate-related risks and opportunities in line with the Taskforce on Climate-related Financial Disclosures (TCFD), including details of the climate-related scenario analysis work completed in 2020. In 2020, our lending to carbon-related assets amounted to 3.0% of our total lending portfolio. <\/li>\n<li>In 2020 we set and achieved a goal to match 100% of our global electricity use with electricity procured from renewable sources, including investing in renewable energy certificates that will enable the generation of over 400,000 MWh of renewable electricity. <\/li>\n<li>Our first Sustainability Bond Impact Report with information on the allocation of proceeds and quantitative and qualitative descriptions of positive impacts resulting from the sustainability bond we issued in <span class=\"xn-chron\">October 2019<\/span>. <\/li>\n<li>An updated sustainability materiality assessment, conducted using an artificial intelligence and big data platform. <\/li>\n<li>New disclosures in line with the Sustainability Accounting Standards Board (SASB) standards.<\/li>\n<\/ul>\n<p>In 2020, BMO&#8217;s sustainability disclosure contributed to the company&#8217;s standing on numerous rankings, including:<\/p>\n<ul type=\"disc\">\n<li>Ranked 15<sup>th<\/sup> on the Wall Street Journal&#8217;s 2020 list of the 100 Most Sustainably Managed Companies in the World, third overall on Social Capital <\/li>\n<li>Ranked in the top 10% of banks globally on the Dow Jones Sustainability Index <\/li>\n<li>Top ranked North American bank on Corporate Knights 2020 Global 100 Most Sustainable Corporations in the World <\/li>\n<li>Scored an A- on the 2020 CDP Climate Change Questionnaire <\/li>\n<li>Ethisphere\u00ae Institute&#8217;s list of the 2020 World&#8217;s Most Ethical Companies\u00ae <\/li>\n<li>Bloomberg Gender-Equality Index (2020) for the fourth year in a row <\/li>\n<li>Forbes 2020 Best Employers for Diversity (<span class=\"xn-location\">United States<\/span>) <\/li>\n<li>Corporate Knights 2020 Best 50 Corporate Citizens in <span class=\"xn-location\">Canada<\/span><\/li>\n<\/ul>\n<p>\n        <b>About BMO Financial Group\u00a0<br \/><\/b>Serving customers for 200 years and counting, BMO is a highly diversified financial services provider &#8211; the 8th largest bank, by assets, in\u00a0North America. With total assets of\u00a0$949 billion\u00a0as of\u00a0October 31, 2020, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=TO28839&amp;sd=2020-12-18\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/bmo-financial-group-2020-sustainability-report-and-public-accountability-statement-now-available-online-301195848.html\">http:\/\/www.prnewswire.com\/news-releases\/bmo-financial-group-2020-sustainability-report-and-public-accountability-statement-now-available-online-301195848.html<\/a><\/p>\n<p>SOURCE  BMO Financial Group<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=TO28839&amp;Transmission_Id=202012180830PR_NEWS_USPR_____TO28839&amp;DateId=20201218\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire TORONTO and CHICAGO, Dec. 18, 2020 \/PRNewswire\/ &#8211;\u00a0BMO Financial Group has published its 2020 Sustainability Report. The report can be downloaded at\u00a0https:\/\/our-impact.bmo.com\/reports\/ The 2020 Sustainability Report provides BMO&#8217;s environmental, social and governance (ESG) disclosure, with a focus on issues identified by stakeholders as most affecting the bank&#8217;s sustainability. The report also includes the Public Accountability Statements for Bank of\u00a0Montreal\u00a0and its applicable subsidiaries: Bank of Montreal Mortgage Corporation, BMO Life Assurance Company and BMO Life Insurance Company. &#8220;We are very pleased to present our 13th Sustainability Report to our stakeholders,&#8221; said Simon Fish, General Counsel and Chair of BMO&#8217;s Sustainability Council. &#8220;Our bank is committed to responding to today&#8217;s most pressing challenges and to creating long-term value for our &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bmo-financial-group-2020-sustainability-report-and-public-accountability-statement-now-available-online\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;BMO Financial Group 2020 Sustainability Report and Public Accountability Statement Now Available Online&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-402759","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BMO Financial Group 2020 Sustainability Report and Public Accountability Statement Now Available Online - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bmo-financial-group-2020-sustainability-report-and-public-accountability-statement-now-available-online\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BMO Financial Group 2020 Sustainability Report and Public Accountability Statement Now Available Online - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire TORONTO and CHICAGO, Dec. 18, 2020 \/PRNewswire\/ &#8211;\u00a0BMO Financial Group has published its 2020 Sustainability Report. The report can be downloaded at\u00a0https:\/\/our-impact.bmo.com\/reports\/ The 2020 Sustainability Report provides BMO&#8217;s environmental, social and governance (ESG) disclosure, with a focus on issues identified by stakeholders as most affecting the bank&#8217;s sustainability. The report also includes the Public Accountability Statements for Bank of\u00a0Montreal\u00a0and its applicable subsidiaries: Bank of Montreal Mortgage Corporation, BMO Life Assurance Company and BMO Life Insurance Company. &#8220;We are very pleased to present our 13th Sustainability Report to our stakeholders,&#8221; said Simon Fish, General Counsel and Chair of BMO&#8217;s Sustainability Council. &#8220;Our bank is committed to responding to today&#8217;s most pressing challenges and to creating long-term value for our &hellip; Continue reading &quot;BMO Financial Group 2020 Sustainability Report and Public Accountability Statement Now Available Online&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/bmo-financial-group-2020-sustainability-report-and-public-accountability-statement-now-available-online\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-18T13:33:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=TO28839&amp;sd=2020-12-18\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bmo-financial-group-2020-sustainability-report-and-public-accountability-statement-now-available-online\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bmo-financial-group-2020-sustainability-report-and-public-accountability-statement-now-available-online\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"BMO Financial Group 2020 Sustainability Report and Public Accountability Statement Now Available Online\",\"datePublished\":\"2020-12-18T13:33:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bmo-financial-group-2020-sustainability-report-and-public-accountability-statement-now-available-online\\\/\"},\"wordCount\":605,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bmo-financial-group-2020-sustainability-report-and-public-accountability-statement-now-available-online\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=TO28839&amp;sd=2020-12-18\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bmo-financial-group-2020-sustainability-report-and-public-accountability-statement-now-available-online\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bmo-financial-group-2020-sustainability-report-and-public-accountability-statement-now-available-online\\\/\",\"name\":\"BMO Financial Group 2020 Sustainability Report and Public Accountability Statement Now Available Online - 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The report can be downloaded at\u00a0https:\/\/our-impact.bmo.com\/reports\/ The 2020 Sustainability Report provides BMO&#8217;s environmental, social and governance (ESG) disclosure, with a focus on issues identified by stakeholders as most affecting the bank&#8217;s sustainability. The report also includes the Public Accountability Statements for Bank of\u00a0Montreal\u00a0and its applicable subsidiaries: Bank of Montreal Mortgage Corporation, BMO Life Assurance Company and BMO Life Insurance Company. &#8220;We are very pleased to present our 13th Sustainability Report to our stakeholders,&#8221; said Simon Fish, General Counsel and Chair of BMO&#8217;s Sustainability Council. &#8220;Our bank is committed to responding to today&#8217;s most pressing challenges and to creating long-term value for our &hellip; Continue reading \"BMO Financial Group 2020 Sustainability Report and Public Accountability Statement Now Available Online\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/bmo-financial-group-2020-sustainability-report-and-public-accountability-statement-now-available-online\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-18T13:33:19+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=TO28839&amp;sd=2020-12-18","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bmo-financial-group-2020-sustainability-report-and-public-accountability-statement-now-available-online\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bmo-financial-group-2020-sustainability-report-and-public-accountability-statement-now-available-online\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"BMO Financial Group 2020 Sustainability Report and Public Accountability Statement Now Available Online","datePublished":"2020-12-18T13:33:19+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bmo-financial-group-2020-sustainability-report-and-public-accountability-statement-now-available-online\/"},"wordCount":605,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bmo-financial-group-2020-sustainability-report-and-public-accountability-statement-now-available-online\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=TO28839&amp;sd=2020-12-18","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bmo-financial-group-2020-sustainability-report-and-public-accountability-statement-now-available-online\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/bmo-financial-group-2020-sustainability-report-and-public-accountability-statement-now-available-online\/","name":"BMO Financial Group 2020 Sustainability Report and Public Accountability Statement Now Available Online - 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