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Addressing Climate Change
In
2008, we examined our environmental practices across the organization and wove
them together in a comprehensive strategy covering key elements of our businesses.
We named the strategy Clear Blue Skies in recognition of the importance we
place on the quality of the air that we breathe.
We used our existing Corporate Responsibility council as the starting point
for the current Sustainability Council whose members are executives representing
all areas of the bank. The council meets quarterly and is responsible for oversight
and guidance as we continue to roll out our Clear Blue Skies strategy.
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Our Progress
| 2007 Priorities |
2008 Progress |
| Reduce our operational impact. |
- As part of our Clear Blue Skies Initiative, introduced BMO ECO5 Strategy.
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| Maintain responsible lending practices. |
- Updated our lending guidelines in 2008, introducing specific due diligence questions related to climate change.
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Work with stakeholders to deepen our understanding
of current environmental issues. |
- Engaged in dialogue with a number of stakeholders representing non-governmental organizations, industry associations and not-for-profits.
- Various stakeholder groups reviewed and commented on the drafting of our updated Environmental Policy.
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Our Achievements
Green Power
BMO commits to the purchase of 5,000 megawatt hours of emission-free electricity annually from Bullfrog Power. Learn more...
LEED Branches
BMO builds new LEED certified branches in Canada (Greater Toronto Area) with additional locations under construction in Winnipeg, Manitoba and in the US (Chicago). Learn more...
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