Bank of Montreal (BMO)Canada
Created before Nov 2016
Last update: 2019-03-11 14:07:47
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About Bank of Montreal (BMO)

Established in 1817 as Bank of Montreal, BMO Financial Group is a highly diversified financial services provider based in North America with more than 46,000 employees. BMO provides retail 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, Wealth Management and BMO Capital Markets. Next to operations in Canada, BMO operates in the United States as Harris Bank and BMO Harris.

Website http://www.bmo.com/home
Headquarters
1 First Canadian Place
ON M5X 1H3 Toronto
Canada
CEO/chair Darryl White
CEO
Supervisor
Bank of Canada
Annual reports Annual report 2018
CSR report 2018
Ownership
listed on NYSE Euronext & Toronto Stock Exchange

BMO's share holder structure can be accessed here.

Related Dodgy Deals

Bank Of Montreal (BMO) has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Projects - active profiles

Israeli illegal settlements Israel profile

Construction | transport and infrastructure
Equity – share owner/manager
USD 2.7 million
BMO owns and manages shares in Mizrahi Tefahot, which is active in the Israeli Settlements.
source: Thomson Reuters Eikon (12 March 2018)
Equity – share owner/manager
USD 2.7 million
BMO owns and manages shares in Bank Leumi, which is active in the Israeli settlements.
source: Thomson Reuters Eikon (12 March 2018)
Equity – share owner/manager
USD 3.7 million
BMO owns and manages shares in Bank Hapoalim, which is active in the Israeli settlements
source: Thomson Reuters Eikon (12 March 2018)

Keystone XL pipeline United States profile

oil and gas | transport and infrastructure
Uncategorised
USD 2.2 
2007 - 2010
shares/bonds underwriter or manager
source: Bloomberg
Debt – corporate loan
USD 500 million
2007 - 2010
source: Bloomberg

Line 3 Pipeline Replacement Project (L3RP) United States profile

oil and gas | transport and infrastructure
Debt – corporate loan
BMO does not provide direct financing for the Line 3 replacement but provides revolving credit for Enbridge.
source: Greenpeace
link
There are no active projects for Bank of Montreal (BMO) now.

Projects - on record profiles

Canadian tar sands Canada profile

oil and gas
Uncategorised
USD 5,995.3 million
2009
Total Tar Sands Financing
source: link
Debt – corporate loan
2007
Bond issue – underwriter
2007
Share issue – underwriter
2007
Uncategorised
2007
Owning or managing shares or bonds

Mountain top removal coal mining United States profile

mining - coal
Uncategorised
EUR 169 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 533 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

Oakland Bulk and Oversized Terminal United States profile

transport and infrastructure
Advisor

Companies - active profiles

TC Energy Canada profile

Debt – corporate loan
USD 1 billion
14 December 2017 - 14 December 2018
Co financed USD one billion credit facility to TransCanada Pipeline USA
source: Rainforest Action Network via Bloomberg Professional Services
Debt – corporate loan
USD 500 million
14 December 2017 - 14 December 2018
Co financed USD 500 million credit facility to TransCanada American Investment
source: Rainforest Action Network via Bloomberg Professional Services
Debt – corporate loan
December 2017
Co financed USD 1.5 billion credit renewal
source: Data provided by Rainforest Action Network via Bloomberg Professional Services

Vale Brazil profile

mining - coal | mining - non coal
Debt – corporate loan
USD 2 billion
June 2017 - June 2022
Co-financed USD 2 billion credit facility
source: Vale press release
link
Debt – corporate loan
USD 3 billion
May 2015 - May 2020
Co-financed USD 3 billion credit facility
source: Vale press release
link
There are no active companies for Bank of Montreal (BMO) now.

Companies - on record profiles

Alpha Natural Resources United States profile

mining - coal
Uncategorised
EUR 63 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 158.7 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

Arch Coal United States profile

mining - coal
Uncategorised
EUR 79.1 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 300.9 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

Areva France profile

energy plants - nuclear | energy plants - renewables | mining - non coal | nuclear industry
Advisor
Principal Manager. Amount not known.
source: Press Release Areva, 2007.

BHP Billiton Australia profile

mining - coal | mining - non coal | oil and gas
Debt – corporate loan
EUR 27.7 million
source: International Financing Review, London, 23 April 2005; Loans - BHP Billiton, Euroweek, London, 29 April 2005; Annual Report 2005, BHP Billiton, Melbourne, September 2005.

En+ Group Russian Federation profile

energy plants - coal | energy plants - dams
Approached, interested
2017
Participates in USD 1.5 billion IPO
source: En+ Group press release
link

Glencore Switzerland profile

mining - coal
Debt – corporate loan
EUR 171.4 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

IOI Corporation Malaysia profile

agriculture - palm oil
Uncategorised
USD 0.0955 million
30 June 2015
shares/bonds underwriter or manager - Shareholding
source: Thomson ONE Banker

Rio Tinto Australia profile

mining - coal | mining - non coal | nuclear industry
Uncategorised
EUR 2 million
2005 - 2013
shares/bonds underwriter or manager
source: Banks and Coal Spreadsheet, Profundo, 2014
Debt – corporate loan
EUR 31.4 million
2005 - 2013
source: Banks and Coal Spreadsheet, Profundo, 2014

Royal Dutch Shell Netherlands profile

oil and gas
Equity – share owner/manager
USD 6.1 million
6 September 2019
Shareholding, value dated 6 September 2019
source: Fintel
link

Dodgy Deals map

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News

| |
Type:
Year:
blog
external news
our news

BankTrack 2019 Human Rights Benchmark: criteria and scope announced

2019-06-25 | Nijmegen | BankTrack
blog
external news
our news

Banking on Climate Change – Fossil Fuel Finance Report Card 2019

World's top banks have poured $1.9 trillion into fossil fuel financing since the Paris Agreement was adopted, with financing on the rise each year
2019-03-20 | Nijmegen, the Netherlands | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
blog
external news
our news

Global Banks, Led by JPMorgan Chase, Invested $1.9 Trillion in Fossil Fuels Since Paris Climate Pact

2019-03-20 | Desmogblog.com
blog
external news
our news

Who’s banking the Coastal GasLink pipeline?

These banks are funding a threat to Wet'suwet'en land and abuse of Indigenous rights
2019-01-24 | San Francisco, USA | Elana Sulakshana - Rainforest Action Network
blog
external news
our news

Banks massively financing fossil fuels unclear about future of ... fossil fuels

Few banks acknowledge relation between fossil fuels and climate breakdown
2018-12-20 | Nijmegen | Claire Hamlett – BankTrack
blog
external news
our news

HSBC's shift on energy lending has Suncor throwing its toys out of the pram

But new policy is no isolated move - finance for tar sands will dry up, just as it is doing for coal.
2018-08-09 | Claire Hamlett – BankTrack, Ryan Brightwell – BankTrack
blog
external news
our news

Report finds major banks ramped up fossil fuel financing to $115 billion in 2017

Despite 2017 being the costliest year on record for weather disasters, new report reveals that banks increased extreme fossil fuel financing last year, led by a more than doubling in lending to tar sands companies and pipelines.
2018-03-28 | Nijmegen, the Netherlands | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
blog
external news
our news

Big banks complicit in massive tar sands destruction and pollution through hundreds of billions in financing

2017-11-02 | Rainforest Action Network
blog
external news
our news

Indigenous Groups Lead Movement to Call on Banks to Drop Enbridge’s Controversial Line 3 Pipeline

Tribal Nations based in Minnesota oppose the project and the Minnesota Department of Commerce has condemned it
2017-09-21 | Minneapolis, MN | Honor the Earth, Rainforest Action Network
blog
external news
our news

28 major banks warned not to finance Trans Mountain pipeline expansion

Over 20 Indigenous and environmental groups deliver urgent letter.
2017-06-09 | BankTrack, Rainforest Action Network, others
blog
external news
our news

Who's bankrolling TransCanada?

Banking on TransCanada means banking on Keystone XL
2017-03-24 | Alison Kirsch - Rainforest Action Network
blog
external news
our news

Equator Principles goes beyond project finance, improves transparency

2012-08-13 | Environmental Finance
blog
external news
our news

While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning

2011-10-25 | Washington | prizmablog.com
blog
external news
our news

Time to Improve the Equator Principles, BankTrack Says

2011-10-24 | Washington | Social Funds
blog
external news
our news

BankTrack to Equator Principles banks; ‘get the Outside Job done’

Equator Principles update must lead to new Principles focused on people and planet
2011-10-23 | Washington | BankTrack
blog
external news
our news

Financiers search for sustainable future

2011-10-20 | Washington | Environmental Finance
blog
external news
our news

Foes of Northern Gateway Pipeline target potential financial backers

2011-03-29 | The Globe and Mail
blog
external news
our news

No Consent? No Pipeline!

2011-03-25 | Vancouver Media Co-op
blog
external news
our news

Bank of Montreal Confronted on Indigenous Rights

2011-03-23 | RAN blog
blog
external news
our news

New rules for Equator Principles, but no new commitments from banks

New governance rules represent missed chance for Equator Principles to take bold steps forward on transparency and accountability
2010-07-01 | Nijmegen, the Netherlands | BankTrack
blog
external news
our news

Equator Principles: Action, not words needed

BankTrack calls upon Citi, new chair of Equator Principles to take bold steps forward
2010-03-15 | Nijmegen, The Netherlands | BankTrack
blog
external news
our news

Civil society groups call for bold steps forward with Equator Principles

Major reforms needed on transparency, accountability, implementation and climate change
2010-01-14 | Nijmegen | BankTrack
blog
external news
our news

Rainforest Action Network study ranks financed emissions of Canadian banks

Website lets customers compare carbon footprint of personal accounts
2008-11-19 | San fransisco | Rainforest Action Network
blog
external news
our news

Activists to banks: behave better in the Boreal

Market activists invite bank executives to develop new best practices
2005-09-07 | San Fransisco | Rainforest Action Network

Documents

| | | | | | | | | | | |
Type:
Year:
csr policies

Code of conduct

Date listed represents date as accessed on website
2019-03-11 00:00:00 | BMO
annual reports

Annual report 2018

2019-03-11 00:00:00 | BMO
annual reports

CSR report 2018

2019-03-11 00:00:00 | BMO
csr policies

Anti-money laundering and anti-terrorist financing policies

2019-01-31 00:00:00 | BMO
csr policies

Statement on climate change

2018-12-31 00:00:00 | BMO
correspondence

Letter from BankTrack and 120 organisations to Bank of Montreal on Demands FBNT campaign

2018-10-16 00:00:00 | BankTrack and 120 organisations
csr policies

Responsible lending policies

2018-04-25 00:00:00 | BMO
csr policies

Modern slavery and human trafficking statement

2018-02-26 00:00:00 | BMO
annual reports

Environmental, Social and Governance Report and Public Accountability Statement 2017

2017-12-31 00:00:00 | Bank of Montreal
annual reports

Annual Report 2017

2017-12-07 00:00:00 | Bank of Montreal
annual reports

CSR report 2016

2017-10-31 00:00:00 | BMO
ngo documents

Problematic pipelines: Investor risk from bank financing of tar sands pipelines

2017-09-20 00:00:00 | Greenpeace
correspondence

Letter from RAN and 13 others to 14 banks that underwrote Kinder Morgan Canada IPO on warning to finance the IPO

2017-06-06 00:00:00 | Rainforest Action Network et al
annual reports

Annual Report 2016

2017-05-22 00:00:00 | BMO
csr policies

Statement on human rights

2017-04-30 00:00:00 | BMO
annual reports

2016 Environmental, Social and Governance Report and Public Accountability Statement

2017-04-06 00:00:00
our publications

Banking with Principles? Second Edition June 2016

Benchmarking Banks against the UN Guiding Principles on Business and Human Rights
2016-06-30 00:00:00 | BankTrack
csr policies

Environmental policy

2016-04-01 00:00:00 | BMO
csr policies

Statement on anti-corruption and anti-bribery

2016-04-01 00:00:00 | BMO
csr policies

Statement on freedom of association and collective bargaining

2016-03-31 00:00:00 | BMO
annual reports

Annual Report 2015

2016-02-01 00:00:00 | BMO
annual reports

2015 Environmental, Social and Governance Report and Public Accountability Statement

2016-01-27 00:00:00 | BMO
annual reports

2015 Corporate Responsibility Report

2015-06-26 00:00:00 | BMO
annual reports

2014 Corporate Social Responsibility Report

2015-04-09 00:00:00 | BMO
annual reports

2014 Annual Report

2015-04-09 00:00:00 | BMO
annual reports

Annual Report 2013

2014-01-01 00:00:00
annual reports

Environmental, Social and Governance Report 2013

2014-01-01 00:00:00
annual reports

Corporate Responsibility Report 2013

2014-01-01 00:00:00
annual reports

Annual Report 2010

2011-04-05 00:00:00 | BMO Financial Group
annual reports

CSR Report 2010

2011-04-05 00:00:00 | BMO Financial Group
correspondence

Letter from BankTrack to EPFIs on issues around Equator Principles Review process

2010-12-18 00:00:00 | Banktrack
other documents

BMO Financial Group cluster munitions investments

2010-04-01 00:00:00 | Netwerk Vlaanderen, IKV PAX Christi
ngo documents

Financing Global Warming: Canadian Banks and Fossil Fuels

2008-11-19 00:00:00 | RAN

Links

BMO corporate responsibility pages

http://www2.bmo.com/content/0,1263,divId-7_langId-1_navCode-3561,00.html

BMO's Clear Blue Skies Strategy

http://www.bmo.com/home/about/banking/corporate-responsibility/environment/environmental-approach

BMO Environmental performance page

https://www.bmo.com/home/about/banking/corporate-responsibility/environment/environmental-performance#cdp

Policies

Voluntary initiatives

Bank of Montreal (BMO) has committed itself to the following voluntary standards:

Investment policies

Bank of Montreal's corporate social responsibility webpage can be accessed here.

Year:
csr policies

Code of conduct

Date listed represents date as accessed on website
2019-03-11 00:00:00 | BMO
csr policies

Anti-money laundering and anti-terrorist financing policies

2019-01-31 00:00:00 | BMO
csr policies

Statement on climate change

2018-12-31 00:00:00 | BMO
csr policies

Responsible lending policies

2018-04-25 00:00:00 | BMO
csr policies

Modern slavery and human trafficking statement

2018-02-26 00:00:00 | BMO
csr policies

Statement on human rights

2017-04-30 00:00:00 | BMO
csr policies

Environmental policy

2016-04-01 00:00:00 | BMO
csr policies

Statement on anti-corruption and anti-bribery

2016-04-01 00:00:00 | BMO
csr policies

Statement on freedom of association and collective bargaining

2016-03-31 00:00:00 | BMO

Campaigns

Bank of Montreal (BMO) and the Equator Principles

The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.

The Equator Principles exist already since 2003. Bank of Montreal (BMO) adopted the Equator Principles in 2005.

Reporting on the Equator Principles

Bank of Montreal (BMO) must report annually on its implementation of the Equator Principles. All information is supposed to be found here.

Human rights

True leader Front runner Follower Laggard
BankTrack has assessed Bank of Montreal (BMO) on its implementation of the UN Guiding Principles on Business and Human Rights in June 2016. Bank of Montreal (BMO) is assessed as a Laggard, with a total score of 3/12.
Policy: 2/3Due dilligence: 0/3
Reporting: 1/3Remedy: 0/3
For more details, see Banking with Principles? 2016 update.

Equator Principles

Implementation and reporting

Bank of Montreal (BMO) is reporting on the implementation here.

Contact and complaints

Good moves

Year: