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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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Achievements
First Canadian
bank to achieve ISO 14001 certification
In December 2008, BMO achieved ISO 14001 Environmental Management Systems certification
at our 55 Bloor Street West location in Toronto. Learn
more...
BMO commits to carbon neutrality
BMO commits to carbon neutrality and to reduce net emissions related to energy
consumption and transportation to zero by 2010. The first step is cutting greenhouse
gas emissions by 5 per cent. Learn
more...
BMO recognized
as a global leader in climate disclosure
BMO Financial Group has been named as one of the highest scoring companies
in the world and the only Canadian bank in the Global 500 Carbon Disclosure
Leadership Index for 2009. Learn
more... |
