Environmental Performance

• Greenhouse Gas Emissions Summary Report
• Operational (ECO⁵) Summary Report
• The Carbon Disclosure Project

Greenhouse Gas Emissions Summary Report

In the 2007 period, BMO Financial Group's total reported emissions were 165,113 tonnes CO₂ equivalent (tCO₂e). BMO emitted 96,049 tCO₂e from electricity consumption and 50,922 tCO₂e from the consumption of natural gas and other fuels. Electricity consumption accounted for 58.2% of the total emissions, whereas natural gas and other fuel consumption accounted for 27.5% and 3.3%, respectively.

The reported emissions arising from energy consumption are enterprise-wide and account for energy consumed by all BMO operations in Canada and the United States, as well as our international operations.

Emissions associated with fleet were 2,632 tCO₂e accounting for 1.6% of total emissions, whereas ground travel and air travel accounted for 2.5% and 6.9%, respectively. These emissions relate to our North American operations only.

Total Emissions by Source Use type Percent Emissions (tCO2e) Electricity 58.2% 96,049 Natural Gas 27.5% 45,468 Other Fuels 3.3% 5,454 Fleet Fuel 1.6% 2,632 Ground Travel 2.5% 4,058 Air Travel 6.9% 11,452 TOTAL 165,113

Total Emissions by GHG Protocol Scope	Total Reported Emissions by Scope and Country (tCO2e)
Scope Emissions (tCO2e) Scope 1 – Gas, Other/Fleet Fuels 53,554 Scope 2 – Electricity 96,049 Scope 3 – Ground/Air Travel 15,510	Scope 1 Scope 2 Scope 3 Canada 43,988 58,240 15,510 United States 9,413 37,329 - International 153 480 - TOTAL 53,554 96,049 15,510

BMO’s GHG emissions are categorized in accordance with the “scopes” identified by the GHG Protocol. Emissions estimates account for 44.8% of the total data reported and we are confident that the estimation techniques used provide a conservative, defensible, referential and reasonable estimation of energy consumption in the absence of actual data.

Operational (ECO⁵) Summary Report View Report in PDF (708 KB)

BMO has developed the ECO⁵ strategy to help focus our efforts in managing the environmental impacts of our operations in five key areas. This table is a summary report relating to some of the major indicators that are guiding us in the implementation of this strategy and in achieving continuous improvement.

Indicator	Unit of Measure	Coverage	2007
Employees	FTE (M)	Enterprise-wide	35,827
Occupied Building Space	m2	Enterprise-wide	1,274,002
ECO5
1. Energy Consumption
Electricity - Non-renewable	MWh	Enterprise-wide	325,090
Electricity - Renewable	MWh	Enterprise-wide	5,000
Natural Gas	m3	Enterprise-wide	23,647,382
Heating Oil	Litres	Enterprise-wide	1,288,087
Diesel (emergency backup)	Litres	Enterprise-wide	649,392
2. Transportation - Employee Business Travel
Air	Kms	North America	99,869,232
Auto - Company owned/leased vehicles	Kms	North America	4,487,320
Auto - Employee owned vehicles	Kms	North America	15,455,385
Auto - Rental Cars	Kms	North America	2,251,223
Rail	Kms	Canada	725,994
3. Material Consumption
Virgin content paper 1	Tonnes	North America	2,684
Post consumer content paper 1	Tonnes	North America	577
4. Waste
Office paper shredding/recycling	Tonnes	North America	3,284
Technology assets disposed for recycling/reuse2	Tonnes	Canada	241
5. Procurement
Purchase of green renewable electricity	MWh	Enterprise-wide	5,000
Resulting Greenhouse Gas Emissions3
Total Scope 1 direct emissions from energy consumption (natural gas/fuel oil/other fuels)	tCO2e	Enterprise-wide	50,922
Total Scope 1 direct emissions from fleet use	tCO2e	North America	2,632
Total Scope 2 indirect emissions from non-renewable electricity consumption	tCO2e	Enterprise-wide	96,049
Total Scope 3 indirect emissions from employee business travel (air/auto/rail)	tCO2e	North America	15,510
Total carbon dioxide emissions	tCO2e		165,113

1	Office paper and Marketing Materials
2	Includes computers, monitors, photocopiers, fax machines, cell phones and PDA's - donated to schools/charitable organizaitons or disposed of using environmentally friendly methods
3	BMO's greenhouse gas emissions are categorized in accordance with the "scopes" indetified by the GHG Protocol. See also BMO's Greenhouse Gas (GHG) Emissions Summary Report.

The Carbon Disclosure Project

The Carbon Disclosure Project (CDP) is an ongoing effort to enhance the level and quality of carbon emissions disclosure from publicly traded corporations. A growing number of Institutional Investors want to know what companies are doing to mitigate and manage their contribution to increased greenhouse gases and in turn global warming.

• In 2007, we provided the following response to the CDP:
  BMO_CDP5_Response.pdf (708 KB)
• In 2006, we provided the following response to the CDP:
  BMO_CDP4_Response.pdf (736 KB)