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BMO Financial Group among first Canadian banks to sign United Nations Principles for Responsible Banking
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TORONTO, Feb. 2, 2021 /PRNewswire/ - BMO Financial Group (TSX:BMO) (NYSE:BMO) today announced it has signed the United Nations Environment Programme – Finance Initiative (UNEP-FI) Principles for Responsible Banking.
The Principles for Responsible Banking (PRB) provide a framework for a sustainable banking system. By signing, BMO is committing to align its business strategy with the UN Sustainable Development Goals (SDGs), the Paris Climate Agreement and relevant national and regional frameworks. This includes conducting an impact analysis to identify priority positive and negative impacts associated with its operations and financing activity, working collaboratively with clients and stakeholders to maximize positive and minimize negative impacts, and demonstrating transparency and accountability through public report