BMO Financial Group 2020 Sustainability Report and Public Accountability Statement Now Available Online
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TORONTO and CHICAGO, Dec. 18, 2020 /PRNewswire/ - BMO Financial Group has published its 2020 Sustainability Report. The report can be downloaded at https://our-impact.bmo.com/reports/
The 2020 Sustainability Report provides BMO s environmental, social and governance (ESG) disclosure, with a focus on issues identified by stakeholders as most affecting the bank s sustainability. The report also includes the Public Accountability Statements for Bank of Montreal and its applicable subsidiaries: Bank of Montreal Mortgage Corporation, BMO Life Assurance Company and BMO Life Insurance Company.
Bertrand Badré December 17, 2020 09:28
The COVID-19 crisis has revealed how intertwined all of our major challenges are. Biodiversity loss and rising inequalities have contributed to a global public-health disaster and the worst economic crisis in almost a century.
As often happens during such moments, people are suddenly open to changes that they previously would have rejected out of hand. For example, there is a major shift underway in the corporate world, where many managers and investors are eager to adopt more sustainable and responsible practices and business models.
The task now is to ensure that this new mindset itself goes viral. How can we ensure that all businesses are getting on the right page, given that they will remain beholden to the demands and interests of shareholders and investors? One obvious answer is through Environmental, Social, and Governance standards. But ESG offers only a partial solution. Precisely because this field is now booming, it has be
Canadian companies exceed global benchmark for reporting on sustainability, but lag in other key areas December 17, 2020 EnergyNow Media
Author: KPMG Canada
A new KPMG Global report finds that reporting on sustainability is on the rise in Canada. The vast majority (
92 per cent) of Canada’s top 100 companies report on environmental, social, and governance (ESG) performance – an increase of 10 per cent in the last three years, and many (
74 per cent) include sustainability-related information in their annual reports – a jump of 25 per cent since 2017.
Yet, while Canadian companies significantly outperform the global peer benchmark on both measures, Canada is still catching up in some areas including in seeking third-party assurance on their disclosures. Currently only
Norbord Publishes 2020 Environmental, Social and Governance (ESG) Report
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TORONTO, Dec. 17, 2020 /PRNewswire/ - Norbord Inc. (TSX andNYSE: OSB) today announced the release of its 2020 Environmental, Social and Governance (ESG) report, covering its sustainability ambitions, approach and detailed performance data across a range of ESG topics. The report presents the highlights of the Company s performance in 2019, as well as some key highlights during the first and second quarters of 2020. At Norbord, we are proud to be an efficient manufacturer of innovative, affordable and environmentally sustainable wood-based panels, said Peter Wijnbergen, Norbord s President & CEO. We believe our products are an integral part of the climate solution. At its core, wood is a renewable resource and we have a long history of commitment to sustainable forest management. Wood products are critical in the global transition to a more sustainab
Ovintiv Targets 33% Reduction in Methane Intensity by 2025
Metric to be directly tied to compensation for all employees Ovintiv Inc. today disclosed a goal to reduce methane intensity 33% by 2025. The objective, approved this week by its board of directors, will be tied to Ovintiv’s annual incentive compensation program for all employees beginning in 2021. The significant reduction will be benchmarked against the Company’s 2019 actual methane intensity of 0.15 metric tons … Metric to be directly tied to compensation for all employees
Ovintiv Inc. (NYSE: OVV) (TSX: OVV) today disclosed a goal to reduce methane intensity 33% by 2025. The objective, approved this week by its board of directors, will be tied to Ovintiv’s annual incentive compensation program for all employees beginning in 2021. The significant reduction will be benchmarked against the Company’s 2019 actual methane intensity of 0.15 metric tons CH 4 thousand barrels of oil equivalent (CH 4 MBOE), which