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HomePersonal BankingWealth ManagementSmall BusinessCommercialCorporate & InstitutionalAbout BMO

Environmental Performance

Greenhouse gas emissions summary report

In the 2012 period, BMO Financial Group's total reported emissions were 220,427 tonnes CO2 equivalent (tCO2e). BMO emitted 160,006 tCO2e from purchased electricity and 39,383 tCO2e from the combustion of natural gas and other fuels. Electricity purchased accounted for 72.6% of the total emissions, whereas natural gas and other fuel combustion accounted for 16.0% and 1.8%, 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 1,275 tCO2e accounting for 0.6% of total emissions, whereas ground travel and air travel accounted for 3.1% and 5.3%, 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
Electricity* 72.59% 160,006
Natural gas* 16.03% 35,342
Other fuels* 1.83% 4,041
Hydrofluorocarbons (HFCs) 0.01% 15
Waste to Landfill 0.49% 1,084
Fleet fuel 0.58% 1,275
Ground travel 3.14% 6913
Air travel 5.33% 11,751
TOTAL 100% 220,427

*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
Scope 2 – electricity purchased
Scope 3 – leased premises, ground/air travel, waste to landfill
Scope 1 Scope 2 Scope 3
Canada 11,474 16,214 51,635
United States 9,459 70,639 60,066
International - - 940
TOTAL 20,933 86,853 112,641

BMO GHG emissions are categorized in accordance with the scopes identified by the GHG Protocol. Emissions estimates account for 15.0% 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.

Absolute emissions have increased in F2012 versus the actual amount reported in F2011 mainly due to the M&I Bank acquisition in July, 2011.

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Operational ECO5 summary report

PDF logo View report in PDF (PDF, 130Kb)

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 2012 2011 2010 GRI
Employees (Enterprise-wide) FTE 46,272 46,975 37,629
Occupied building space (Enterprise-wide) m2 1,863,532 1,834,490 1,361,823

1. Energy consumption
Owned facilities (Enterprise-wide)
Non-renewable electricity purchased GJ 886,141 747,282 657,322
Steam GJ 2,607 3,540 2,946
Natural gas GJ 343,696 341,763 293,957
Heating oil GJ 7,042 7,163 6,462
Diesel (emergency backup) GJ 24,406 20,319 19,802
Leased facilities (Enterprise-wide)
Non-renewable electricity purchased GJ 763,524 720,123 709,934
Steam GJ 1,461 1,844 78
Natural gas GJ 354,586 387,239 339,245
Heating oil GJ 23,552 24,014 24,176
Diesel (emergency backup) GJ 751 1,353 1,036
2. Transportation - employee business travel (North America)
Air Kms 106,245,381 96,978,239 76,791,306
Auto – company owned/leased vehicles Kms 3,295,164 3,956,522 2,673,137
Auto – employee owned vehicles Kms 23,316,473 18,947,460 15,062,165
Auto – rental cars Kms 4,388,235 3,794,961 3,275,499
Rail 1 Kms 625,245 1,149,406 540,662
3. Material consumption (North America)
Total content paper 2 Tonnes 5,651 4,980 5,182
Percentage post-consumer-content paper % 52% 50% 29%
4. Waste (North America)
Office paper shredding/recycling Tonnes 6,497 4,132 4,791
Technology assets disposed for recycling/reuse3 Tonnes 96 647 117
Other waste generation to landfill – facilities4 Tonnes 775 459 193
Other waste generation recycled – facilities4 Tonnes 784 690 380
5. Procurement (Enterprise-wide)
Purchase of renewable electricity (RECs) MWh 115,213 115,213 115,213
Resulting greenhouse gas emissions5 (Enterprise-wide)
Scope 1 direct emissions from energy
combustion – owned facilities (natural gas/heating oil/other fuels)
tCO2e 19,643 19,265 14,811
Scope 1 direct emissions from owned transportation assets tCO2e 1,275 1,666 1,660
EN16 / EN29
Scope 1 direct emissions from ozone-depleting substances (Kyoto Protocol) tCO2e 15 220 74
Scope 2 indirect emissions from non-renewable electricity & steam purchased – owned facilities tCO2e 86,853 65,603 48,362
Scope 3 indirect emissions from energy combustion – leased facilities
(natural gas/heating oil/other fuels)6
tCO2e 19,740 21,470 19,030
Scope 3 indirect emissions from non-renewable electricity & steam purchased – leased facilities6 tCO2e 73,153 79,490 59,543
Scope 3 indirect emissions from employee business travel (air/auto/rail) (North America only) tCO2e 18,664 13,583 13,559
EN7 / EN17
Scope 3 indirect emissions from landfill waste (Canada only) tCO2e 1,084 649 90
Total carbon dioxide equivalent emissions tCO2e 220,427 201,946 157,129
Other (Enterprise-wide)
Emissions from ozone-depleting substances (Montreal Protocol) Tonnes 0.77 0.22 0.14
Significant spills Litres Nil Nil Nil
Compliance – fines/sanctions $ Nil Nil Nil

1 Prior to 2011, coverage was Canada only
2 Office paper, marketing materials, annual statements, quarterly proxy materials, customer statements and envelopes
3 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)
4 Represents other waste from major buildings/facilities where waste audits have been conducted. Data availability has been increasing with each consecutive year.
5 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.
6 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, 320kb)

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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 2013, we provided the following response to the CDP:
PDF logo BMO CDP 2013 Response (PDF, 830kb)



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