|By Marketwired .||
|June 6, 2014 04:04 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 06/06/14 -- For the thirteenth consecutive year - every year since the list's inception - BMO Financial Group has been named one of Canada's Best 50 Corporate Citizens by Corporate Knights. The announcement was made during the annual Corporate Knights Gala on Wednesday in Toronto.
"It's gratifying for all of us at BMO to be included in this select group of companies," said Simon Fish, General Counsel and Chair of BMO's Sustainability Council. "Being recognized for our sustainability performance on environmental, social and governance (ESG) issues means that we're focusing on the issues that really matter most to our customers, employees and other key stakeholders."
The methodology for the Best 50 Corporate Citizens is based on 12 key performance indicators covering resource, employee, and financial management. Companies are scored only against their industry peers and then amalgamated to make up the Best 50 list that covers many different sectors. The ranking is based on publicly disclosed data.
BMO and Sustainability
BMO has earned a position on several key sustainability indices such as the Dow Jones Sustainability North America Index, the Jantzi Social Index and the FTSE4Good Series Index. BMO is also included on the Global 100 list of most sustainable corporations in the world, Maclean's/Jantzi-Sustainalytics list of the Top 50 Socially Responsible Corporations in Canada and CDP's Canada 200 Climate Disclosure Leadership Index.
BMO's Environmental, Social and Governance Report and Public Accountability Statement (ESG Report/PAS) outlines how we manage the ESG items that matter most to our business, including a Scorecard which provides supporting year over year metrics. The ESG Report/PAS is available at: www.bmo.com/esg-pas-report.
-- BMO's board diversity policy ensures that women represent at least a third of the bank's independent board of directors. -- BMO has maintained its carbon neutral status since 2010. -- BMO Capital Markets was involved in raising approximately $1.8 billion of equity and debt in the capital markets for entities active in renewable energy across North America
For more than 195 years, BMO Financial Group has believed in community reinvestment and corporate and social responsibility in the communities it serves. In 2013, BMO Financial Group allocated $56 Million (CDN) to registered charities, not-for-profit and community-based organizations and institutions in Canada and the United States. For more information, see BMO's Corporate Responsibility Report available on our website at: www.bmo.com/corporateresponsibility.