Change Language | Region*
American flag

*Products and services featured on our websites are only available to residents of the selected country.

Set your homepage
    Set your homepage

HomePersonal BankingWealth ManagementSmall BusinessCommercialCorporate & InstitutionalAbout BMO

Environmental Performance

Greenhouse gas emissions summary report

In the 2014 period, BMO Financial Group's total reported emissions were 225,160 tonnes CO2 equivalent (tCO2e). BMO emitted 152,994 tCO2e from purchased electricity/steam and 48,597 tCO2e from the combustion of natural gas and other fuels. Electricity/steam purchased accounted for 67.9% of the total emissions, whereas natural gas and other fuel combustion accounted for 18.9% and 2.7%, respectively.

The reported emissions arising from energy combustion and purchased electricity/steam 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 1,720 tCO2e accounting for 0.8% of total emissions, whereas ground travel and air travel accounted for 2.8% and 5.9%, 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/Steam* 67.95% 152,994
Natural gas* 18.92% 42,611
Other fuels* 2.66% 5,986
Hydrofluorocarbons (HFCs) 0.05% 108
Waste to Landfill 0.95% 2,131
Fleet fuel 0.76% 1,720
Ground travel 2.81% 6,333
Air travel 5.90% 13,277
TOTAL 100% 225,160

*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 fuels/fleet
Scope 2 – electricity/steam purchased
Scope 3 – leased premises, ground/air travel, waste to landfill
Scope 1 Scope 2 Scope 3
Canada 13,273 13,809 57,691
United States 12,768 70,098 55,613
International - - 1,908
TOTAL 26,041 83,907 115,212

BMO GHG emissions are categorized in accordance with the scopes identified by the GHG Protocol. Emissions estimates account for 15.5% 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.

Back to top

Operational ECO5 summary report

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 2014 2013 2012 GRI
Employees (Enterprise-wide) FTE 46,778 45,631 46,272
Occupied building space (Enterprise-wide) m2 1,878,136 1,849,814 1,863,532

1. Energy consumption
Owned facilities (Enterprise-wide)
Non-renewable electricity purchased GJ 858,210 867,053 886,141
Steam GJ 39,113 36,552 2,607
Natural gas GJ 427,700 403,201 343,696
Heating oil GJ 15,980 6,779 7,042
Propane GJ 65 N/A N/A
Diesel (emergency backup) GJ 19,518 20,997 24,406
Leased facilities (Enterprise-wide)
Non-renewable electricity purchased GJ 770,496 753,758 763,524
Steam GJ 128 1,614 1,461
Natural gas GJ 414,211 380,270 354,586
Heating oil GJ 45,195 23,047 23,552
Propane GJ 39 N/A N/A
Diesel (emergency backup) GJ 1,092 850 751
2. Transportation - employee business travel (North America)
Air – commercial aircraft Kms 120,290,120 113,119,893 106,245,381
Auto/air – company owned/leased vehicles Kms 6,821,280 7,883,509 7,541,585
Auto – employee owned vehicles Kms 20,555,972 25,284,834 23,316,473
Auto – rental cars Kms 4,230,464 4,512,212 4,388,235
Rail Kms 716,084 674,233 625,245
3. Material consumption (North America)
Total content paper2 Tonnes 9,481 8,615 8,151
Percentage post-consumer-content paper % 40% 46% 36%
4. Waste (North America)
Office paper shredding/recycling Tonnes 5,978 7,085 6,497
Technology assets disposed for recycling/reuse3 Tonnes 174 175 96
Other waste generation to landfill – facilities4 Tonnes 1,522 547 671
Other waste generation recycled – facilities4 Tonnes 4,563 4,801 784
5. Procurement (Enterprise-wide)
Purchase of renewable electricity (RECs) MWh 115,186 115,185 115,213
Resulting greenhouse gas emissions5 (Enterprise-wide)
Scope 1 direct emissions from energy
combustion – owned facilities (natural gas/heating oil/other fuels)
tCO2e 24,213 22,394 19,643
Scope 1 direct emissions from owned transportation assets tCO2e 1,720 1,741 1,275
G4-EN15 / EN30
Scope 1 direct emissions from ozone-depleting substances (Kyoto Protocol) tCO2e 108 92 15
Scope 2 indirect emissions from non-renewable electricity & steam purchased – owned facilities tCO2e 83,907 86,321 86,853
Scope 3 indirect emissions from energy combustion – leased facilities (natural gas/heating oil/other fuels)6 tCO2e 24,384 21,009 19,740
Scope 3 indirect emissions from non-renewable electricity & steam purchased – leased facilities5 tCO2e 69,087 70,512 73,153
Scope 3 indirect emissions from employee business travel (air/auto/rail) (North America only) tCO2e 19,610 19,938 18,664
Scope 3 indirect emissions from landfill wase
(North America only)
tCO2e 2,131 766 1,084
Total carbon dioxide equivalent emissions tCO2e 225,160 222,773 220,427
Other (Enterprise-wide)
Emissions from ozone-depleting substances (Other) Tonnes 0.45 0.90 0.77
Significant spills # /Litres Nil Nil Nil
Compliance – fines/sanctions # / $ Nil Nil Nil

1 GRI indicators are applicable to 2014 data only and are based on the G4 Sustainability Reporting Guidelines.

Office paper, marketing materials, annual statements, quarterly proxy materials, customer statements and envelopes


Includes computers, monitors, photocopiers, fax machines, cell phones and PDA’s – donated to schools/charitable organizations, repurposed or disposed of using environmentally friendly methods


Represents other waste from major buildings/facilities where waste audits have been conducted. Data availability has been increasing with each consecutive year and for 2014 this data represents 20% of our total facilities on a per square metre basis.


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, 53kb)

Back to top

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 2015, we provided the following response to the CDP:
PDF logo BMO CDP 2015 Response (PDF, 415 Kb)



Back to top