Press release from Marketwire
BMO Named to CDP Canada 200 Climate Disclosure Leadership Index for Fourth Straight Year
Wednesday, October 02, 2013
BMO Named to CDP Canada 200 Climate Disclosure Leadership Index for Fourth Straight Year14:00 EDT Wednesday, October 02, 2013
TORONTO, ONTARIO--(Marketwired - Oct. 2, 2013) - For the fourth consecutive year, BMO Financial Group has achieved a position in CDP's Canada 200 Climate Disclosure Leadership Index (CDLI). This annual index highlights the largest 200 companies listed on the Toronto Stock Exchange (Canada 200) that have displayed a strong approach to the disclosure of information regarding climate change. BMO placed third of 21 companies on the list.
"BMO is extremely proud to be listed on the CDLI for the fourth consecutive year," said Jim Johnston, Director, Environmental Sustainability & Compliance, BMO Financial Group. "For BMO, the effects of climate change - whether from extreme weather events or the risks we face running our business - are real. This recognition reflects BMO's ongoing commitment to good carbon management and to disclosing our performance on corporate climate change issues."
BMO and Sustainability
BMO achieved enterprise-wide carbon neutrality relative to its energy consumption and transportation emissions in August 2010. This goal was achieved by reducing and limiting emissions from transportation and energy use, purchasing electricity from renewable energy sources and buying carbon credits to offset the remaining emissions. In 2012, BMO achieved its latest emissions reduction target of 10 per cent of absolute enterprise carbon emission versus 2011 baseline levels.
BMO is one of the initial investors in the Greening Canada Fund (GCF), the first-ever voluntary carbon emissions reduction fund aimed exclusively at large Canadian corporations. The fund provides direct access to high-quality carbon offset credits and helps BMO support Canadian-based energy efficiency projects in Canadian public schools, hospitals and community housing. BMO's initial investment commitment in the fund was $10 million.
BMO's success to date in managing sustainability issues has earned it a position on several key sustainability indices such as: the Dow Jones Sustainability North America Index, the Jantzi Social Index and the FTSE4Good Series Index. BMO is also included on the Maclean's/Jantzi-Sustainalytics list of the Top 50 Socially Responsible Corporations in Canada and Corporate Knights Magazine's Best 50 Corporate Citizens.
BMO's Environmental, Social and Governance Report (ESG) and Public Accountability Statement outlines how BMO manages the ESG impacts of its business. The ESG can be downloaded at http://www.bmo.com/home/about/banking/corporate-responsibility/our-approach/reporting#esg_pas.
About BMO Financial Group
Established in 1817 as Bank of Montreal, BMO Financial Group is a highly diversified North American financial services organization. With total assets of $549 billion as at July 31, 2013, and more than 46,000 employees, BMO Financial Group provides a broad range of personal and commercial banking, wealth management and investment banking products and solutions.
FOR FURTHER INFORMATION PLEASE CONTACT:
Peter Scott, Toronto
Valerie Doucet, Montreal
Laurie Grant, Vancouver