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Environmental Performance


Greenhouse gas emissions summary report

In the 2013 period, BMO Financial Group's total reported emissions were 222,773 tonnes CO2 equivalent (tCO2e). BMO emitted 156,833 tCO2e from purchased electricity and 43,404 tCO2e from the combustion of natural gas and other fuels. Electricity purchased accounted for 70.4% of the total emissions, whereas natural gas and other fuel combustion accounted for 17.80% and 1.7%, respectively.

The reported emissions arising from energy combustion and purchased electricity 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 1,741 tCO2e accounting for 0.8% of total emissions, whereas ground travel and air travel accounted for 3.3% and 5.6%, respectively. These emissions relate to our North American operations only.

Waste to Landfill emissions represent annualized data available for major owned facilities across our network.

Total emissions by source
Use type Percent Emissions
(tCO2e)
Electricity* 70.40% 156,833
Natural gas* 17.80% 39,653
Other fuels* 1.68% 3,750
Hydrofluorocarbons (HFCs) 0.05% 92
Waste to Landfill 0.34% 766
Fleet fuel 0.78% 1,741
Ground travel 3.34% 7,445
Air travel 5.61% 12,493
TOTAL 100% 222,773

*Leased premises included

 

Total emissions by category
Total emissions by category

Total emissions by GHG Protocol Scope
(Financial Control Reporting Boundary)
Total reported emissions by scope and country (tCO2e)
Scope Emissions (tCO2e)
Scope 1 – natural gas,
other/fleet fuels/HFCs
24,226
Scope 2 – electricity purchased
86,321
Scope 3 – leased premises, ground/air travel, waste to landfill
112,226
Scope 1 Scope 2 Scope 3
Canada 12,357 16,216 54,472
United States 11,869 70,105 56,588
International - - 1,166
TOTAL 24,226 86,321 112,226


BMO GHG emissions are categorized in accordance with the scopes identified by the GHG Protocol. Emissions estimates account for 14.4% 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.

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Operational ECO5 summary report

PDF logo View report in PDF (PDF, 1347Kb)

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 2013 2012 2011 GRI
Employees (Enterprise-wide) FTE 45,631 46,272 46,975
N/A
Occupied building space (Enterprise-wide) m2 1,849,814 1,863,532 1,834,490
N/A

ECO5
1. Energy consumption
Owned facilities (Enterprise-wide)
Non-renewable electricity purchased GJ 867,053 886,141 747,282
EN4
Steam GJ 36,552 2,607 3,540
EN4
Natural gas GJ 403,201 343,696 341,763
EN3
Heating oil GJ 6,779 7,042 7,163
EN3
Diesel (emergency backup) GJ 20,997 24,406 20,319
EN3
Leased facilities (Enterprise-wide)
Non-renewable electricity purchased GJ 753,758 763,524 720,123
 N/A
Steam GJ 1,614 1,461 1,844
 N/A
Natural gas GJ 380,270 354,586 387,239
 N/A
Heating oil GJ 23,047 23,552 24,014
 N/A
Diesel (emergency backup) GJ 850 751 1,353
 N/A
2. Transportation - employee business travel (North America)
Air Kms 113,119,893 106,245,381 96,978,239
 N/A
Auto – company owned/leased vehicles Kms 4,505,661 3,295,164 3,956,522
 N/A
Auto – employee owned vehicles Kms 25,284,834 23,316,473 18,947,460
 N/A
Auto – rental cars Kms 4,512,212 4,388,235 3,794,961
 N/A
Rail Kms 674,233 625,245 1,149,406
 N/A
3. Material consumption (North America)
Total content paper1 Tonnes 6,115 6,466 5,795
EN1
Percentage post-consumer-content paper % 65% 46% 43%
EN2
4. Waste (North America)
Office paper shredding/recycling Tonnes 7,085 6,497 4,132
EN22
Technology assets disposed for recycling/reuse2 Tonnes 175 96 647
EN22
Other waste generation to landfill – facilities3 Tonnes 547 671 459
EN22
Other waste generation recycled – facilities3 Tonnes 4,801 784 690
EN22
5. Procurement (Enterprise-wide)
Purchase of renewable electricity (RECs) MWh 115,197 115,213 115,213
 N/A
 
Resulting greenhouse gas emissions4 (Enterprise-wide)
Scope 1 direct emissions from energy
combustion – owned facilities (natural gas/heating oil/other fuels)
tCO2e 22,394 19,643 19,265
EN16
Scope 1 direct emissions from owned transportation assets tCO2e 1,741 1,275 1,666
EN16 / EN29
Scope 1 direct emissions from ozone-depleting substances (Kyoto Protocol) tCO2e 92 15 220
 N/A
Scope 2 indirect emissions from non-renewable electricity & steam purchased – owned facilities tCO2e 86,321 86,853 65,603
EN16
Scope 3 indirect emissions from energy combustion – leased facilities
(natural gas/heating oil/other fuels)5
tCO2e 21,009 19,740 21,470
 N/A
Scope 3 indirect emissions from non-renewable electricity & steam purchased – leased facilities5 tCO2e 70,512 73,153 79,490
 N/A
Scope 3 indirect emissions from employee business travel (air/auto/rail) (North America only) tCO2e 19,938 18,664 13,583
EN7 / EN17
EN29 
Scope 3 indirect emissions from landfill waste (Canada only) tCO2e 766 1,084 649
 N/A
Total carbon dioxide equivalent emissions tCO2e 222,773 220,427 201,946
 N/A
 
Other (Enterprise-wide)
Emissions from ozone-depleting substances (Other) Tonnes 0.90 0.77 0.22
EN19
Significant spills Litres Nil Nil Nil
EN23
Compliance – fines/sanctions $ Nil Nil Nil
EN28

1 Office paper, marketing materials, annual statements, quarterly proxy materials, customer statements and envelopes
2 Includes computers, monitors, photocopiers, fax machines, cell phones and PDA’s – donated to schools/charitable organizations or disposed of using environmentally friendly methods (major equipment refresh in F2011)
3 Represents other waste from major buildings/facilities where waste audits have been conducted. Data availability has been increasing with each consecutive year.
4 BMO’s greenhouse gas emissions are categorized in accordance with the “scopes” identified by the GHG Protocol. See also BMO’s Greenhouse Gas (GHG) Emissions Summary Report.
5 BMO’s reporting boundary, for greenhouse gas emissions, has been identified as “Financial Control”. GHG emissions from all leasehold premises are therefore recorded as Scope 3 emissions.

Emissions Verification Statement

Morrison Hershfield Ltd has provided reasonable assurance that Bank of Montreal’s (BMO) stated Scope 1, 2 and 3 greenhouse gas emissions have been:

  • Verified against the principles of ISO 14064-1 and The Climate Registry General Reporting Protocol, and;
  • Are accurate within the established 5% materiality threshold

PDF logo View the statement (PDF, 322kb)

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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 2014, we provided the following response to the CDP:
PDF logo BMO CDP 2014 Response (PDF, 402 Kb)

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