- BMO trading floor in London, new York And Toronto Donate a portion of the day’s trading fees to plant thousands of trees
- Trees from Trades has raised funds for more than 375,000 trees to date, with a goal of planting 500,000 trees by 2025
TORONTO, April 20, 2023 /PRNewswire/ – BMO celebrated Earth Day earlier this year with its unique third annual Trees from Trades Day April 19th. An innovative fundraising approach that has raised funds for more than 375,000 trees to date, a portion of Global Markets’ proceeds from day-to-day operations will be used towards BMO’s overall goal of 500,000 trees by 2025.
BMO’s Trees from Trades teams at the Toronto, NY and London Stock Exchanges have raised 357,000 trees to date (CNW Group/BMO Financial Group)
“As part of our goal to boldly promote the good in business and life, BMO is committed to a more sustainable future,” said BMO Kate Walen, Executive Sponsor of the Program and Head of Global Client Coverage, BMO Capital Markets. “Trees from Trades, now in its third year, is an event that brings our entire team together every year. We’re excited to be part of a program that is helping to drive real progress towards a sustainable future through planting trees and reducing carbon emissions.”
Tree planting is done in partnership with organizations like Veritree and One Tree Planted. The Veritree platform provides on-the-ground visibility into global reforestation efforts, collaborating with local tree-planting organizations with projects around the world. One Tree Planted is a non-profit organization working with partners in over 80 countries North America, Latin America, Africa, Asia, Europe and the Pacific.
BMO and sustainability
BMO has been carbon neutral in-house since 2010 and in March 2021 announced its climate ambitions, including the creation of the BMO Climate Institute, with a focus on being its customers’ leading partner in the transition to a net-zero world. This goal builds on a previous commitment to mobilize $300 billion (CAD) in sustainable lending and underwriting by 2025 for companies seeking sustainable outcomes from the global economy’s shift into production and consumption of energy.
BMO’s sustainability leadership continues to be recognized in a number of global rankings, including being number one bank in the World Benchmarking Alliance’s 2022 Financial System Benchmark, published at Cop 27the Dow Jones Sustainability Index, the Ethisphere Institute’s list of the world’s most ethical companies and the world’s most sustainable bank North America for the fourth time in a row in Corporate Knights’ 2023 ranking of the 100 most sustainable companies in the world.
For information on BMO’s purpose and commitments to a sustainable future, see the Sustainability Report, Purpose, Climate and Zero Barriers to Inclusion 2025 pages.
About BMO Financial Group
BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.15 trillion away January 31, 2023. Serving customers for 200 years, BMO is a diverse team of dedicated employees offering a wide range of products and services in personal and corporate banking, wealth management, global markets and investment banking to 12 million customers Canada, The United States, and in select markets worldwide. Driven by a single purpose to boldly grow the good in business and life, BMO is committed to driving positive change in the world and making progress towards a prosperous economy, a sustainable future and a more inclusive society.
SOURCE BMO Financial Group