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 emissions broken down into Scope 1, Scope 2, and Scope 3 categories. Specifically, Scope 1 emissions were about 33,090,000 kg CO2e, while Scope 2 emissions (location-based) totalled approximately 69,822,000 kg CO2e. Scope 3 emissions included significant contributions from purchased goods and services (approximately 658,151,000 kg CO2e) and business travel (about 18,820,000 kg CO2e). BMO has set ambitious climate commitments, aiming for a 30% reduction in operational GHG emissions (Scope 1 and Scope 2) by 2030, using 2019 as a baseline. This target is part of their science-based approach to emissions reduction. Additionally, BMO is targeting net-zero financed emissions in their lending activities by 2050, with intermediate targets to be achieved in collaboration with clients. In the Canadian context, BMO's emissions for 2024 included approximately 18,125,000 kg CO2e in Scope 1 and about 13,007,000 kg CO2e in Scope 2. The bank has also achieved carbon neutrality in its operations since 2010, demonstrating a long-standing commitment to sustainability. Overall, BMO Financial's proactive stance on climate action reflects its dedication to reducing its carbon footprint and supporting global efforts to combat climate change.
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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 | 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.
