Original article written by: BMO Financial Group
In addition to performing exceptionally well in the areas of risk and crisis management, information security/cybersecurity and system availability, talent attraction and retention, materiality, occupational health and safety, emissions, human rights, and privacy protection, BMO received the highest possible score in customer relationship management.
"Our Purpose—to Boldly Grow the Good in Business and Life, for Our Clients, Colleagues, and the Communities We Serve—directs BMO's approach to sustainability. In order to advance for a prosperous economy, a sustainable future, and an inclusive society, our Purpose guides our strategy, motivates our ambition, and solidifies our commitments," stated Sharon Haward-Laird, General Counsel at BMO Financial Group and Chair of the BMO Climate Institute. "We are honored to be acknowledged, and recognition like this indicates that we are headed in the right direction.
With an emphasis on being its clients' main partner in the shift to a net-zero world, BMO announced its Climate Ambition in March 2021, including the founding of the BMO Climate Institute. The company has been carbon neutral in its activities since 2010. This objective expanded upon a prior pledge to raise CAD $300 billion in funding by 2025 for clients seeking sustainable results. To assist customers in pursuing possibilities spurred by the growing momentum of the transition in the supply and use of energy in the global economy, BMO formed a dedicated Energy Transition Group in 2021. 2022 saw BMO buy Radicle Group, which is now known as BMO Radicle. BMO Radicle is a pioneer in market-based solutions, technology-driven emissions measurement and management, and sustainability consultancy services.