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2023-11-20 00:00:00
West Cumbria Coal Mine: dodgy mine, dodgier financier
2023-11-08 00:00:00
Westpac takes two steps forward, one big step back
2023-09-18 00:00:00
New report and blog: Barclays' bond with Adani
2023-08-23 00:00:00
Decarbonization: steel not making the cut
2023-11-20 11:26:40
Danske Bank excludes financing for oil and gas upstream expansion
2023-09-19 16:11:58
Société Générale announces leading climate policy on gas
2023-09-15 17:34:10
The number of major banks refusing to support EACOP reaches 24
2023-07-31 14:30:01
Equator Principles recognise projects’ risk to climate for the first time
Connect
2023-10-10 00:00:00
Still bankrolling coal (for steel)
2023-09-18 00:00:00
Barclays' bond with Adani
2023-06-26 00:00:00
How should financiers align with the Global Biodiversity Framework? Five Key Principles
2023-04-13 00:00:00
Banking on Climate Chaos 2023
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Home › Banks ›
Bank
Bank of Montreal (BMO)Canada

Active

This profile is actively maintained
Last update: 2023-01-17 15:59:37
Bank of Montreal head offices. Photo: Jorge Castro via Flickr (CC BY-NC-SA 2.0)

Active

This profile is actively maintained
Last update: 2023-01-17 15:59:37
Bank info
BankTrack campaigns
All
About
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
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.

Sustainability
Commitments
Policies
Voluntary standards

Bank of Montreal's most important sustainability commitments can be found at the website sections listed below.

Links

Commitments
2022-05-19 00:00:00

Code of Conduct

Bank policy
2022-05-19 00:00:00 | Bank of Montreal
2022-03-02 00:00:00

Statement on Anti-Money Laundering, Anti- Terrorist Financing and Sanctions Measures

Bank policy
2022-03-02 00:00:00 | Bank of Montreal
2022-02-28 00:00:00

2021 Climate Report

Bank policy
2022-02-28 00:00:00 | Bank of Montreal
2022-02-28 00:00:00

Statement Against Modern Slavery and Human Trafficking

Bank policy
2022-02-28 00:00:00 | Bank of Montreal
2021-11-06 00:00:00

Supplier's code of conduct

Bank policy
2021-11-06 00:00:00 | Bank of Montreal
2021-05-14 00:00:00

Human rights statement

Bank policy
2021-05-14 00:00:00 | Bank of Montreal
2021-03-11 00:00:00

Statement on coal lending

Bank policy
2021-03-11 00:00:00 | Bank of Montreal
2020-12-14 00:00:00

Environmental Policy

Bank policy
2020-12-14 00:00:00 | Bank of Montreal
2020-03-09 00:00:00

Responsible lending policies

[Date listed represents date as accessed on website]
Bank policy
2020-03-09 00:00:00 | BMO
2018-12-31 00:00:00

Statement on climate change

Bank policy
2018-12-31 00:00:00 | BMO
2016-04-01 00:00:00

Statement on anti-corruption and anti-bribery

Bank policy
2016-04-01 00:00:00 | BMO
2016-03-31 00:00:00

Statement on freedom of association and collective bargaining

Bank policy
2016-03-31 00:00:00 | BMO
Bank of Montreal (BMO) has committed itself to the following voluntary standards:
Carbon Disclosure ProjectTags: carbon | climate change | greenhouse gas emissions
Dow Jones Sustainability IndicesTags: sustainable development | transparency
Equator PrinciplesTags: Equator Principles | project finance | corporate social responsibility | sustainable development
Global Reporting InitiativeTags: sustainable development | human rights
ISO 14001Tags: transparency
Net-Zero Banking Alliance (NZBA)Tags: climate change | corporate social responsibility | energy | energy plants
Partnership for Carbon Accounting Financials (PCAF)Tags: carbon | corporate social responsibility
Principles for Responsible Banking (PRB)Tags: climate change | corporate social responsibility | finance | sustainable development | United Nations | Voluntary Standards
Task Force on Climate-related Financial Disclosures (TCFD)Tags: corporate social responsibility | finance
Taskforce on Nature-related Financial Disclosures (TNFD)Tags: corporate social responsibility | finance
UN Guiding Principles on Business and Human RightsTags: United Nations | human rights
UNEP Finance InitiativeTags: United Nations | sustainable development
Dodgy Deals

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.

Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

Decarbonization: steel not making the cut

Analysis by Reclaim Finance shows that few financial institutions have steel targets, and that those that have been adopted are riddled with flaws
2023-08-23 | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Canadian bank RBC the #1 financier of fossil fuels, world’s biggest banks continued to pour billions into fossil fuel expansion

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
2023-04-13 | San Francisco | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

What COP15 means for banks: meeting the Global Biodiversity Framework requires protecting Indigenous rights and divesting from harmful industries

2023-02-07 | Hannah Greep – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report reveals the 40 financial institutions funding the world's climate-changing methane problem

A new report by Planet Tracker and Changing Markets reveals the top financial institutions funding the world’s biggest methane producers, and the role they can play in turning the tide on global heating.
2023-01-17 | London | Changing Markets, Planet Tracker
Blog
BankTrack news BankTrack blog Partner news Partner blog

Throwing fuel on the fire: GFANZ members provide billions in finance for fossil fuel expansion

2023-01-17 | Paris, France /Nijmegen, Netherlands | BankTrack, Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Bank of Montreal's links to massive, illegal Amazon deforestation condemned by Indigenous leaders during biodiversity summit

2022-12-08 | Montreal, Canada | Forests & Finance Coalition
Blog
BankTrack news BankTrack blog Partner news Partner blog

New human rights assessment of banks shows slow progress and lack of action to address key gaps on reporting and remedy

BankTrack’s 2022 Global Human Rights Benchmark finds reporting at a standstill, remedy still lacking and no clear leaders
2022-11-17 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Canadian banks having second thoughts about Mark Carney’s green alliance over legal, governance risks

2022-09-29 | The Globe and Mail
Blog
BankTrack news BankTrack blog Partner news Partner blog

Canadian banks will get kicked out of UN net zero club unless they up their game: Report

2022-08-31 | Toronto | Greenpeace Canada
BankTrack news BankTrack blog Partner news Partner blog

Banks’ Net-Zero lending ambitions hit snags in oil-rich Canada

2022-04-11 | Bloomberg
BankTrack news BankTrack blog Partner news Partner blog

Canadian banks keep financing fossil fuels

BankTrack quoted
2022-03-31 | The Tyee
BankTrack news BankTrack blog Partner news Partner blog

Investors ask banks to rethink funding fossil fuel projects, including Line 3

Banks are under pressure from investors to match corporate practices with their environment and social statements * Updated
2022-03-31 | IndianCountryToday
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
2022-03-30 | San Francisco, Bemidji, Nijmegen, Oakland, Paris, Sassenberg, Washington DC | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club, Urgewald
BankTrack news BankTrack blog Partner news Partner blog

Largest U.S. banks to face shareholder votes on climate change

2022-03-29 | American Banker
BankTrack news BankTrack blog Partner news Partner blog

Government Announces Next Steps on Trans Mountain Expansion Project

2022-02-18 | Ottowa, Ontario | Government of Canada, Government of Canada
BankTrack news BankTrack blog Partner news Partner blog

Wet’suwet’en hereditary chief takes fight against Coastal GasLink all the way to the banks

2021-12-20 | National Observer
Blog
BankTrack news BankTrack blog Partner news Partner blog

Domtar deal, deforestation and abuses: Whose side are banks on?

2021-11-25 | Luisa Colasimone - Environmental Paper Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Equator Banks involved in financing at least 200 fossil fuel projects since Paris

BankTrack research sheds new light on finance for fossil fuels by Equator banks
2021-10-26 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Wet'suwet'en chiefs demand investors and financiers of Coastal Gaslink to divest from this and all future pipeline projects

Indigenous-led campaign, endorsed by 100+ groups, urges global investors and banks to divest from and stop financing Coastal GasLink and LNG Canada
2021-10-19 | Unceded xʷməθkʷəy̓ əm, Sḵwx̱wú7mesh and səlilwətaɬ territories (Vancouver, Canada) | Gidimt
Blog
BankTrack news BankTrack blog Partner news Partner blog

Canadian fossil-heavy banks join GFANZ

The news last Friday that Canada’s biggest banks have finally joined Mark Carney’s “Net Zero” Banking Alliance was met with a giant ho-hum by climate campaigners.
2021-10-15 | RBC Revealed
BankTrack news BankTrack blog Partner news Partner blog

‘Wreckers of the Earth’: 300 London-based companies destroying the planet

2021-10-14 | Corporate Watch
Blog
BankTrack news BankTrack blog Partner news Partner blog

As extreme weather rages, RBC extends "sustainability" loan to Enbridge, actively expanding gas and tar sands pipelines

Consortium of banks finance pipeline builder in the lead up to COP 26 climate summit
2021-09-24 | Toronto, Canada | Giniw Collective, Stand.earth
Blog
BankTrack news BankTrack blog Partner news Partner blog

Fossil Banks No Thanks demands banks commit to end fossil fuel finance before Glasgow Climate Summit

210+ groups support urgent call to action
2021-09-23 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Indonesian paper giant APP takes over North American Domtar, putting the company’s credibility at risk

2021-07-30 | Sergio Baffoni – Environmental Paper Network
BankTrack news BankTrack blog Partner news Partner blog

BMO to Chair Global Cross-Sector Biodiversity Initiative

2021-04-28 | Yahoo Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banking on Climate Chaos 2021: World’s 60 largest banks have poured USD 3.8 trillion into fossil fuels since Paris Agreement

Even amidst the global economic downturn, fossil fuel financing numbers were higher in 2020 than 2016
2021-03-24 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

BMO targets net zero emissions in lending by 2050, cautions against 'abrupt' change

2021-03-10 | Yahoo Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Enbridge’s “sustainable” credit: tar sands and rights violations

2021-03-10 | Reclaim Finance
BankTrack news BankTrack blog Partner news Partner blog

What are banks getting wrong on human rights? [$]

Banks' processes for implementing human rights considerations into their lending activities are far from perfect, reports Christopher Marchant
BankTrack quoted
2021-02-17 | Environmental Finance
BankTrack news BankTrack blog Partner news Partner blog

Scotiabank becomes fifth major Canadian bank to refuse to fund oil drilling in Arctic refuge

2020-12-14 | The Star
BankTrack news BankTrack blog Partner news Partner blog

The Big Banks’ Green Bafflegab

Look behind their pro-climate ads and do what they do. Follow the money.
2020-11-25 | The Tyee
Blog
BankTrack news BankTrack blog Partner news Partner blog

Equator Banks fail communities on consultation and grievance mechanisms, new study finds

BankTrack research into nine projects financed ‘under Equator’ finds routine failures to conduct proper community consultation and a lack of effective project-level grievance mechanisms
2020-11-24 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Barclays, HSBC and Credit Suisse among worst offenders on oil sands finance

ShareAction says Barclays has participated in 11 loan and bond deals to oil sands companies since its net zero announcement in March
2020-10-29 | London | ShareAction
Blog
BankTrack news BankTrack blog Partner news Partner blog

New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Equator Principles: New BankTrack database sheds light on patchy project name reporting

BankTrack publishes database of Equator-financed projects, together with analysis showing some banks report few or no project names – notable poor performers include ING, HSBC and Lloyds
2020-06-29 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Major blow to Keystone XL pipeline as judge revokes key permit

Campaigners welcomed Wednesday’s ruling as a victory for tribal rights and environmental protection
2020-04-16 | The Guardian
Blog
BankTrack news BankTrack blog Partner news Partner blog

Reckless Keystone XL decision by TC Energy endorsed by JPMorgan Chase, Citi and Canadian peers

Big banks lead multi-billion dollar bond issuances days after company pushes pipeline forward amid global pandemic
2020-04-03 | San Francisco | 350 Seattle, Amazon Watch, Indigenous Environmental Network, Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banking on Climate Change – Fossil Fuel Finance Report Card 2020

New report reveals global banks funneled USD 2.7 trillion into fossil fuels Since Paris Climate Agreement, with financing on the rise each year 
2020-03-18 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

'Land and indigenous rights defenders' continue occupation of BMO in Nelson

2020-02-14 | The Nelson Daily
BankTrack news BankTrack blog Partner news Partner blog

Canadian banks going green still boost loans to the oil industry

2020-02-12 | Bloomberg
Blog
BankTrack news BankTrack blog Partner news Partner blog

4 out of 5 banks failing on human rights, new BankTrack Human Rights Benchmark shows

Lloyds, Bank of America, Goldman Sachs and Société Générale among the poorest performers in BankTrack ranking, alongside Canadian and Chinese banks
2019-11-26 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

BankTrack 2019 Human Rights Benchmark: criteria and scope announced

2019-06-25 | Nijmegen | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

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

2019-03-20 | Desmogblog.com
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
Blog
BankTrack news BankTrack blog Partner news Partner blog

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 | Ryan Brightwell – BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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

2017-11-02 | Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

Who's bankrolling TransCanada?

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

Equator Principles goes beyond project finance, improves transparency

2012-08-13 | Environmental Finance
BankTrack news BankTrack blog Partner news Partner blog

While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning

2011-10-25 | Washington | prizmablog.com
BankTrack news BankTrack blog Partner news Partner blog

Time to Improve the Equator Principles, BankTrack Says

BankTrack quoted
2011-10-24 | Washington | Social Funds
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

Financiers search for sustainable future

BankTrack quoted
2011-10-20 | Washington | Environmental Finance
BankTrack news BankTrack blog Partner news Partner blog

Foes of Northern Gateway Pipeline target potential financial backers

2011-03-29 | The Globe and Mail
BankTrack news BankTrack blog Partner news Partner blog

No Consent? No Pipeline!

2011-03-25 | Vancouver Media Co-op
BankTrack news BankTrack blog Partner news Partner blog

Bank of Montreal Confronted on Indigenous Rights

2011-03-23 | RAN blog
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
Resources
Documents
Links
2023-05-23 00:00:00

Why banks should account for their full share of facilitated emissions

Banks are making progress on setting net-zero targets but most focus on lending and only a handful include capital markets facilitation – funding activities where banks do not provide capital themselves but play a critical role in facilitating access to it. Capital markets are a vital source of funding and will be key in delivering the low-carbon transition. In 2021 alone, global bond and equity issuances stood at US$26.8 trillion. This memo outlines why the industry-organised Partnership for Carbon Accounting Financials should include a 100% weighting for capital market facilitation.
NGO document
2023-05-23 00:00:00 | ShareAction
2023-04-13 00:00:00

Banking on Climate Chaos 2023

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
BankTrack publication
2023-04-13 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club, Urgewald
2023-01-27 00:00:00

Background briefing: Just 7% of global banks' energy financing goes to renewables, new data shows

BankTrack publication
2023-01-27 00:00:00 | Profundo for Sierra Club, Fair Finance International, BankTrack, Rainforest Action Network
2023-01-17 00:00:00

Annual report 2022

Annual report
2023-01-17 00:00:00 | BMO
2022-11-17 00:00:00

BankTrack Global Human Rights Benchmark 2022

BankTrack publication
2022-11-17 00:00:00 | BankTrack
2022-07-14 00:00:00

Letter from BankTrack and Mars se Drine to Bank of Montreal on Rio Tinto Jadar Lithium Mine

Correspondence
2022-07-14 00:00:00 | BankTrack and Mars se Drine
2022-07-05 00:00:00

CSR report 2021

Annual report
2022-07-05 00:00:00 | BMO
2022-05-19 00:00:00

Code of Conduct

Bank policy
2022-05-19 00:00:00 | Bank of Montreal
2022-03-30 00:00:00

Banking on Climate Chaos 2022

Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021
BankTrack publication
2022-03-30 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club, urgewald
2022-03-30 00:00:00

Investor Statement on Line 3, Oil Sands Projects, and FPIC

Other document
2022-03-30 00:00:00 | Investors & Indigenous Peoples Working Group
2022-03-29 00:00:00

Annual report 2021

Annual report
2022-03-29 00:00:00 | Bank of Montreal
2022-03-02 00:00:00

Statement on Anti-Money Laundering, Anti- Terrorist Financing and Sanctions Measures

Bank policy
2022-03-02 00:00:00 | Bank of Montreal
2022-02-28 00:00:00

2021 Climate Report

Bank policy
2022-02-28 00:00:00 | Bank of Montreal
2022-02-28 00:00:00

Statement Against Modern Slavery and Human Trafficking

Bank policy
2022-02-28 00:00:00 | Bank of Montreal
2021-12-12 00:00:00

Letter from BankTrack to Bank of Montreal on lithium mining in Serbia’s Jadar Valley

Correspondence
2021-12-12 00:00:00 | BankTrack
2021-11-06 00:00:00

Supplier's code of conduct

Bank policy
2021-11-06 00:00:00 | Bank of Montreal
2021-10-15 00:00:00

Bank of Montreal joins NZBA

Bank document
2021-10-15 00:00:00
2021-06-24 00:00:00

Guidance on Biodiversity Target Setting for PRB signatories

Other document
2021-06-24 00:00:00 | UNEPFI
2021-05-14 00:00:00

Human rights statement

Bank policy
2021-05-14 00:00:00 | Bank of Montreal
2021-03-11 00:00:00

Statement on coal lending

Bank policy
2021-03-11 00:00:00 | Bank of Montreal
2021-03-10 00:00:00

BMO declares climate ambition

BMO announces Net Zero ambition
Bank document
2021-03-10 00:00:00 | BMO
2021-01-04 00:00:00

Climate Report

Bank document
2021-01-04 00:00:00 | Bank of Montreal
2020-12-21 00:00:00

Sustainability Report 2020

Annual report
2020-12-21 00:00:00 | Bank of Montreal
2020-12-14 00:00:00

Environmental Policy

Bank policy
2020-12-14 00:00:00 | Bank of Montreal
2020-12-01 00:00:00

Annual Report 2020

Annual report
2020-12-01 00:00:00 | Bank of Montreal
2020-11-24 00:00:00

"Trust Us, We're Equator Banks": Part II

BankTrack publication
2020-11-24 00:00:00 | BankTrack
2020-09-24 00:00:00

Fracking Fiasco: The banks that fueled the U.S. shale bust

NGO document
2020-09-24 00:00:00 | Rainforest Action Network
2020-03-18 00:00:00

Banking on Climate Change - Fossil Fuel Finance Report 2020

BankTrack publication
2020-03-18 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club
2020-03-09 00:00:00

CSR report 2019

Annual report
2020-03-09 00:00:00 | Bank of Montreal
2020-03-09 00:00:00

Annual report 2019

Annual report
2020-03-09 00:00:00 | Bank of Montreal
2020-03-09 00:00:00

Climate report 2019

Bank document
2020-03-09 00:00:00 | Bank of Montreal
2020-03-09 00:00:00

Equator Principles report 2019

Bank document
2020-03-09 00:00:00 | Bank of Montreal
2020-03-09 00:00:00

Responsible lending policies

[Date listed represents date as accessed on website]
Bank policy
2020-03-09 00:00:00 | BMO
2019-12-10 00:00:00

Letter from BankTrack to Bank of Montreal on the bank's progress on its fossil fuel finance since COP24

Correspondence
2019-12-10 00:00:00 | BankTrack
2019-03-11 00:00:00

Annual report 2018

Annual report
2019-03-11 00:00:00 | BMO
2019-03-11 00:00:00

CSR report 2018

Annual report
2019-03-11 00:00:00 | BMO
2018-12-31 00:00:00

Statement on climate change

Bank policy
2018-12-31 00:00:00 | BMO
2018-10-16 00:00:00

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

Correspondence
2018-10-16 00:00:00 | BankTrack and 120 organisations
2017-12-31 00:00:00

Environmental, Social and Governance Report and Public Accountability Statement 2017

Annual report
2017-12-31 00:00:00 | Bank of Montreal
2017-12-07 00:00:00

Annual Report 2017

Annual report
2017-12-07 00:00:00 | Bank of Montreal
2017-10-31 00:00:00

CSR report 2016

Annual report
2017-10-31 00:00:00 | BMO
2017-06-06 00:00:00

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

Correspondence
2017-06-06 00:00:00 | Rainforest Action Network et al
2017-05-22 00:00:00

Annual Report 2016

Annual report
2017-05-22 00:00:00 | BMO
2017-04-06 00:00:00

2016 Environmental, Social and Governance Report and Public Accountability Statement

Annual report
2017-04-06 00:00:00
2016-04-01 00:00:00

Statement on anti-corruption and anti-bribery

Bank policy
2016-04-01 00:00:00 | BMO
2016-03-31 00:00:00

Statement on freedom of association and collective bargaining

Bank policy
2016-03-31 00:00:00 | BMO
2016-02-01 00:00:00

Annual Report 2015

Annual report
2016-02-01 00:00:00 | BMO
2016-01-27 00:00:00

2015 Environmental, Social and Governance Report and Public Accountability Statement

Annual report
2016-01-27 00:00:00 | BMO
2015-06-26 00:00:00

2015 Corporate Responsibility Report

Annual report
2015-06-26 00:00:00 | BMO
2015-04-09 00:00:00

2014 Corporate Social Responsibility Report

Annual report
2015-04-09 00:00:00 | BMO
2015-04-09 00:00:00

2014 Annual Report

Annual report
2015-04-09 00:00:00 | BMO
2014-01-01 00:00:00

Annual Report 2013

Annual report
2014-01-01 00:00:00
2014-01-01 00:00:00

Environmental, Social and Governance Report 2013

Annual report
2014-01-01 00:00:00
2014-01-01 00:00:00

Corporate Responsibility Report 2013

Annual report
2014-01-01 00:00:00
2013-03-07 00:00:00

Coal Risk Update March 2013

Arch Coal, Blair Mountain, and Bank Human Rights Commitments
BankTrack publication
2013-03-07 00:00:00 | Rainforest Action Network, BankTrack
2011-04-05 00:00:00

Annual Report 2010

Annual report
2011-04-05 00:00:00 | BMO Financial Group
2011-04-05 00:00:00

CSR Report 2010

Annual report
2011-04-05 00:00:00 | BMO Financial Group
2010-12-18 00:00:00

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

Correspondence
2010-12-18 00:00:00 | Banktrack
2010-04-01 00:00:00

BMO Financial Group cluster munitions investments

Other document
2010-04-01 00:00:00 | Netwerk Vlaanderen, IKV PAX Christi
2008-11-19 00:00:00

Financing Global Warming: Canadian Banks and Fossil Fuels

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

BMO corporate responsibility pages
Accountability
Grievances
Response tracking

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".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring
Rio Tinto's Jadar mine, Serbia (Letter, Dec 2021)
0
0
0
n/a
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank did not respond.
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
n/a
Rationale for score
The impact was not raised over a year ago and therefore is not scored on monitoring progress.
More info
Letter to financiers of Rio Tinto, December 2021
Average
0%
0
0
0
0
Banks and Climate

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.

Fossil fuel finance data Bank of Montreal (BMO)

Banking on Climate Chaos fossil fuel finance data

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.

Assessment of Bank of Montreal (BMO) coal policy in the Coal Policy Tool

Assessment of Bank of Montreal (BMO) oil and gas policy in the Oil and Gas Policy Tracker
Banks and Human Rights

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.

The BankTrack Human Rights Benchmark

Global Human Rights Benchmark 2022

BankLast update
Country
Score
Ranking
Details
Bank of Montreal (BMO)
CAN
4.5
Follower 4.5
0
Canada
Score
Follower
4.5
Explanation

Bank of Montreal (BMO)'s human rights policies, processes and reporting were assessed as part of the BankTrack Global Human Rights Benchmark 2022. The bank is assessed as a Follower, with a total score of 4.5 out of 14.

Policy: 2/3
Due dilligence: 1.5/5
Reporting: 0.5/3
Remedy: 0.5/3

Response Tracking:
The bank was also assessed on its responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations, for which it received an average score of 0/3. See the Response Tracking section of this profile for more details.

Explanation
Laggard
Follower
Front runner
Leader
0 - 3 points
3.5 - 6.5 points
7 - 10 points
10.5 - 14 points