Bank of Montreal (BMO) is one of the largest diversified banks in Canada, with over 12 million customers and a history that dates back to 1817. The bank operates in three main business segments: Personal and Commercial Banking, BMO Wealth Management, and BMO Capital Markets. BMO has a strong commitment to sustainability and decarbonisation, and has taken a number of steps to reduce its carbon footprint and support renewable energy.

One of the key ways that BMO is working to reduce its carbon footprint is through its corporate energy strategy. The bank has set a target to reduce its greenhouse gas emissions by 30% by 2025, and has implemented a number of initiatives to achieve this goal. These include energy efficiency projects in its buildings, the use of renewable energy sources, and the adoption of new technologies to reduce energy consumption.

BMO has also made a commitment to support renewable energy, and has been involved in a number of corporate power purchase agreements (PPAs) to help finance new renewable energy projects. In 2018, BMO signed a 20-year PPA with a wind farm in Alberta, which will provide the bank with 100% renewable energy for its operations in the province. The bank has also supported the development of solar projects in Ontario and Quebec through PPAs.

In addition to its own energy strategy, BMO is also working to support decarbonisation in the wider economy. The bank has been involved in a number of initiatives to promote sustainable finance, including the creation of a Sustainable Finance Group within BMO Capital Markets. This group works to provide financing for renewable energy and other sustainable projects, and to develop new financial products that support decarbonisation.

BMO has also been involved in a number of industry initiatives to promote decarbonisation. The bank is a member of the Partnership for Carbon Accounting Financials (PCAF), which is working to develop a standardised approach to measuring the carbon footprint of financial institutions. BMO is also a signatory to the United Nations-supported Principles for Responsible Banking, which commits the bank to align its business strategy with the goals of the Paris Agreement on climate change.

Overall, BMO is a leader in the Canadian banking sector when it comes to sustainability and decarbonisation. The bank has set ambitious targets for reducing its own carbon footprint, and is actively working to support renewable energy and sustainable finance. As the world continues to transition to a low-carbon economy, BMO is well positioned to play a leading role in this transition.