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HomePersonal BankingWealth ManagementSmall BusinessCommercialCorporate & InstitutionalAbout BMO

Environmental Performance

Greenhouse gas emissions summary report

In the 2016 period, BMO Financial Group's total reported emissions were 175,268 tonnes CO2 equivalent (tCO2e). BMO emitted 115,333 tCO2e from purchased electricity/steam and 34,909 tCO2e from the combustion of natural gas and other fuels. Electricity/steam purchased accounted for 65.8% of the total emissions, whereas natural gas and other fuel combustion accounted for 18.3% and 1.6%, 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 2,335 tCO2e accounting for 1.3% of total emissions, whereas ground travel and air travel accounted for 3.8% and 8.0%, 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* 65.8% 115,333
Natural gas* 18.3% 32,127
Other fuels* 1.6% 2,782
Hydrofluorocarbons (HFCs) 0.4% 593
Waste to Landfill 0.8% 1,401
Fleet fuel 1.3% 2,335
Ground travel 3.8% 6,673
Air travel 8.0% 14,024
TOTAL 100% 175,268

*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 10,369 8,610 50,377
United States 8,942 54,447 38,760
International - - 3,764
TOTAL 19,311 63,057 92,900

BMO GHG emissions are categorized in accordance with the scopes identified by the GHG Protocol. Emissions estimates account for 12.5% 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.

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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 which details the major indicators we use to guide us in the implementation of this strategy and in achieving continuous improvement.

Indicator Unit of measure 2016 2015 2014 GRI
Employees (Enterprise-wide) FTE 45,234 46,353 46,778
Occupied building space (Enterprise-wide) m2 1,750,838 1,775,871 1,878,136

1. Energy consumption
Owned facilities (Enterprise-wide)
Non-renewable electricity purchased GJ 755,953 814,819 858,210
Steam GJ 20,532 27,263 39,113
Natural gas GJ 292,588 360,770 427,700
Heating oil GJ 5,506 6,481 15,980
Propane GJ 60 99 65
Diesel GJ 16,359 15,362 19,518
Leased facilities (Enterprise-wide)
Non-renewable electricity purchased GJ 714,339 728,109 770,496
Steam GJ 1,453 872 128
Natural gas GJ 341 ,964 399,458 414,211
Heating oil GJ 14,313 16,276 45,195
Propane GJ 0 0 39
Diesel GJ 2,180 1,535 1,092
2. Transportation - employee business travel (North America)
Air – commercial aircraft Kms 127,589,805 126,217,505 120,290,120
Auto/air – company owned/operated vehicles Kms 7,320,281 6,690,925 6,821,280
Auto – employee owned vehicles Kms 21,698,006 25,518,640 25,937,402
Auto – rental cars Kms 4,483,613 4,377,973 4,230,464
Rail Kms 740,689 730,105 716,084
3. Material consumption (North America)
Total content paper2 Tonnes 4,294 5,261 6,981
Percentage post-consumer-content paper % 72% 61% 54%
4. Waste (North America)
Office paper shredding/recycling Tonnes 7,368 7,363 5,978
Technology assets disposed for recycling/reuse3 Tonnes 235 186 174
Other waste generation to landfill – facilities4 Tonnes 985 912 718
Other waste generation recycled – facilities4 Tonnes 872 744 988
5. Procurement (Enterprise-wide)
Purchase of renewable electricity (RECs) MWh 120,616 115,186 115,186
Resulting greenhouse gas emissions5 (Enterprise-wide)
Scope 1 direct emissions from energy
combustion – owned facilities (natural gas/heating oil/other fuels)
tCO2e 16,383 19,831 24,213
Scope 1 direct emissions from owned transportation assets tCO2e 2,335 2,261 1,720
G4-EN15 / EN30
Scope 1 direct emissions from fugitive emissions (Kyoto Protocol) tCO2e 593 642 108
Scope 2 indirect emissions from non-renewable electricity & steam purchased – owned facilities tCO2e 63,057 69,948 83,907
Scope 3 indirect emissions from energy combustion – leased facilities (natural gas/heating oil/other fuels)6 tCO2e 18,526 21,529 24,384
Scope 3 indirect emissions from non-renewable electricity & steam purchased – leased facilities6 tCO2e 52,277 55,110 69,087
Scope 3 indirect emissions from employee business travel (air/auto/rail) (North America only) tCO2e 20,696 21,284 19,610
Scope 3 indirect emissions from landfill wase
(North America only)
tCO2e 1,401 1,276 2,131
Total carbon dioxide equivalent emissions tCO2e 175,268 191,881 225,160
Other (Enterprise-wide)
Water consumption7 m3 805,813 858,986 690,448
Emissions from ozone-depleting substances (Other) Tonnes 0.10 0.27 0.45
Significant spills # /Litres Nil Nil Nil
Compliance – fines/sanctions # / $ Nil Nil Nil

1 GRI indicators are based on the G4 Sustainability Reporting Guidelines.
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, repurposed or recycled using environmentally friendly methods
4 Represents other waste from major buildings/facilities where waste audits have been conducted. Data availability has been increasing with each consecutive year and for 2016 this data represents 26% of our total facilities on a per square metre basis.
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.
7 Represents water consumption for facilities where available.  For 2016, the cubic metres reported represent coverage for approximately 62% 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, 75 Kb)

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CDP (formerly The Carbon Disclosure Project)

CDP (formerly The Carbon Disclosure Project) 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 2017, we provided the following response to the CDP which represents the relevant data for our fiscal 2016 period:
PDF logo BMO CDP 2017 Response (PDF, 561 Kb)



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