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HomePersonal BankingWealth ManagementSmall BusinessCommercialCorporate & InstitutionalAbout BMO

Environmental Performance

Greenhouse gas emissions summary report

In the 2015 period, BMO Financial Group's total reported emissions were 191,881 tonnes CO2 equivalent (tCO2e). BMO emitted 125,058 tCO2e from purchased electricity/steam and 41,361 tCO2e from the combustion of natural gas and other fuels. Electricity/steam purchased accounted for 65.1% of the total emissions, whereas natural gas and other fuel combustion accounted for 20.1% and 1.5%, 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 2,261 tCO2e accounting for 1.2% of total emissions, whereas ground travel and air travel accounted for 3.9% and 7.2%, 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* 65.1% 125,058
Natural gas* 20.1% 38,477
Other fuels* 1.5% 2,884
Hydrofluorocarbons (HFCs) 0.3% 642
Waste to Landfill 0.7% 1,276
Fleet fuel 1.2% 2,261
Ground travel 3.9% 7,394
Air travel 7.2% 13,889
TOTAL 100% 191,881

*Leased premises included


Total emissions by category
Pie chart for 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 11,411 9,632 52,980
United States 11,323 60,316 43,282
International - - 2,937
TOTAL 22,734 69,948 99,199

BMO GHG emissions are categorized in accordance with the scopes identified by the GHG Protocol. Emissions estimates account for 13.0% 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.

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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 2015 2014 2013 GRI
Employees (Enterprise-wide) FTE 46,353 46,778 45,631
Occupied building space (Enterprise-wide) m2 1,775,871 1,878,136 1,849,814

1. Energy consumption
Owned facilities (Enterprise-wide)
Non-renewable electricity purchased GJ 814,819 858,210 867,053
Steam GJ 27,263 39,113 36,552
Natural gas GJ 360,770 427,700 403,201
Heating oil GJ 6,481 15,980 6,779
Propane GJ 99 65 N/A
Diesel GJ 15,362 19,518 20,997
Leased facilities (Enterprise-wide)
Non-renewable electricity purchased GJ 728,109 770,496 753,758
Steam GJ 872 128 1,614
Natural gas GJ 399,458 414,211 380,270
Heating oil GJ 16,276 45,195 23,047
Propane GJ 0 39 N/A
Diesel GJ 1,535 1,092 850
2. Transportation - employee business travel (North America)
Air – commercial aircraft Kms 126,217,505 120,290,120 113,119,893
Auto/air – company owned/operated vehicles Kms 6,690,925 6,821,280 7,883,509
Auto – employee owned vehicles Kms 25,518,640 25,937,402 25,284,834
Auto – rental cars Kms 4,377,973 4,230,464 4,512,212
Rail Kms 730,105 716,084 674,233
3. Material consumption (North America)
Total content paper2 Tonnes 5,261 6,981 6,930
Percentage post-consumer-content paper % 61% 54% 57%
4. Waste (North America)
Office paper shredding/recycling Tonnes 7,363 5,978 7,085
Technology assets disposed for recycling/reuse3 Tonnes 186 174 175
Other waste generation to landfill – facilities4 Tonnes 912 718 547
Other waste generation recycled – facilities4 Tonnes 744 988 896
5. Procurement (Enterprise-wide)
Purchase of renewable electricity (RECs) MWh 115,186 115,186 115,185
Resulting greenhouse gas emissions5 (Enterprise-wide)
Scope 1 direct emissions from energy
combustion – owned facilities (natural gas/heating oil/other fuels)
tCO2e 19,831 24,213 22,394
Scope 1 direct emissions from owned transportation assets tCO2e 2,261 1,720 1,741
G4-EN15 / EN30
Scope 1 direct emissions from fugitive emissions (Kyoto Protocol) tCO2e 642 108 92
Scope 2 indirect emissions from non-renewable electricity & steam purchased – owned facilities tCO2e 69,948 83,907 86,321
Scope 3 indirect emissions from energy combustion – leased facilities (natural gas/heating oil/other fuels)6 tCO2e 21,529 24,384 21,009
Scope 3 indirect emissions from non-renewable electricity & steam purchased – leased facilities6 tCO2e 55,110 69,087 70,512
Scope 3 indirect emissions from employee business travel (air/auto/rail) (North America only) tCO2e 21,284 19,610 19,938
Scope 3 indirect emissions from landfill wase
(North America only)
tCO2e 1,276 2,131 766
Total carbon dioxide equivalent emissions tCO2e 191,881 225,160 222,773
Other (Enterprise-wide)
Water consumption7 m3 858,986 690,448 750,720
Emissions from ozone-depleting substances (Other) Tonnes 0.27 0.45 0.90
Significant spills # /Litres Nil Nil Nil
Compliance – fines/sanctions # / $ Nil Nil Nil

1 GRI indicators are applicable to 2014 and 2015 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 recycled 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 2015 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.
7 Represents water consumption for facilities where available.  For 2015, the cubic metres reported represent coverage for approximately 64% of facilities as a percentage of square metres occupied.

Emissions Verification Statement

Emissions Verification Statement
Morrison Hershfield Ltd was engaged by Bank of Montreal to provide a commercially independent third party verification of the completeness and accuracy of its Scope 1, 2 and 3 greenhouse gas emissions. Morrison Hershfield Ltd has provided reasonable assurance that Bank of Montreal’s stated Scope 1, 2 and 3 greenhouse gas emissions have been:

  • Verified in accordance with The Greenhouse Gas Protocol: A Corporate Accounting and Reporting Standard revised edition, dated March 2004;
  • Verified per the International Organization for Standardization (ISO) 14064 Part 3; Specification with Guidance at the organization level for the validation and verification of greenhouse gas assertions Version 14064-3:2006, dated March 2006, and;
  • Are accurate within the established 5% materiality threshold for each scope.

PDF logo View the statement (PDF, 76 Kb)

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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 2016, we provided the following response to the CDP:
PDF logo BMO CDP 2016 Response (PDF, 525 Kb)



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