
Active
This profile is actively maintained
Active
This profile is actively maintainedWebsite | http://www.bmo.com/home |
Headquarters |
1 First Canadian Place
ON M5X 1H3 Toronto
Canada
|
CEO/chair |
Darryl White CEO |
Supervisor | |
Ownership |
listed on NYSE & Toronto Stock Exchange
BMO's shareholder structure can be accessed here. |
Established in 1817 as Bank of Montreal, BMO Financial Group is a diversified financial services provider based in North America. BMO provides retail banking, wealth management and investment banking products and services through three operating groups: Personal and Commercial Banking, Wealth Management and BMO Capital Markets. Next to its activities in Canada, BMO operates in the United States as Harris Bank and BMO Harris.
Bank of Montreal's most important sustainability commitments can be found at the website sections listed below.
Links
Bank Of Montreal (BMO) is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Bank Of Montreal (BMO)'s link to these deals.
BMO does not operate a complaints or grievances channel for individuals or communities that may be adversely affected by the bank's finance.
However, the bank's whistleblowing channel SpeakUp can be used by individuals and communities to bring up human rights issues. Furthemore, BMO can be contacted via several channels including sustainability@bmo.com and corporate.responsibility@bmo.com.
Individuals and communities may also submit questions to the Ethics and Conduct Office, Office of the Ombudsperson and the Office of the Chief Sustainability Officer.
Stakeholders may raise complaints via the OECD National Contact Points (see OECD Watch guidance).
BMO is an Equator Principles signatory. While the Equator Principles have no official grievance mechanism, complaints relating to this bank's financing of Equator Principles projects can be filed through our own website www.equator-complaints.org.
This page evaluates Bank of Montreal (BMO)'s responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
Banks and Climate
The 2023 Banking on Climate Chaos report showed that Bank of Montreal (BMO) provided US$ 138.38 in financing to the fossil fuel industry between 2016 and 2022. Find further details on Bank of Montreal (BMO) fossil fuel portfolio and how it compares to other large banks globally on Fossil Banks No Thanks and in the Banking on Climate Chaos report.
Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of Bank of Montreal’s fossil fuel policy below.
Banks and Human Rights
BankTrack assessed BMO Financial Group in its 2022 Global Human Rights Benchmark, where it achieved 4.5 points out of 14 and was ranked as a follower. In addition, BMO Financial Group scored 0 out of 3 on how it responds to alleged human rights violations linked to its finance, which were raised by civil society organisations. More information is detailed in the "Accountability" section of this profile.