- $225,000 Donate to One Tree Planted to support city planting projects
- BMO volunteers and One Tree Planted partners will host two volunteer planting events, one in Los Angeles District and one inside san francisco
SAN FRANCISCO, California., April 26, 2023 /PRNewswire/ – BMO continues its commitment to a sustainable future today with a $225,000 Donate to One Tree Planted to advance progress on city planting projects to increase tree canopy in underserved communities California. Ensuring that there are trees in these communities can help address several inequalities, including heat exposure and air quality. BMO’s support enables foresters to improve vegetation planning and resource management, reduce heat pressure and improve air quality.
“BMO is proud to play a role in restoring green space and improving community health through tree planting. This commitment will help create a better quality of life in the communities we serve,” said Kimberly Goode, Chief Communications and Social Impact Officer, BMO. “In line with our purpose of boldly promoting good in business and life, BMO’s partnership with One Tree Planted reaffirms our commitment to making progress toward a sustainable future.”
One Tree Planted is a national organization focused on global reforestation to create habitats for biodiversity and create positive social impact around the world. Their city planting projects bring environmental benefits, including habitat restoration, erosion control, air pollution reduction, and carbon sequestration. Tree planting also helps conserve stormwater, improves soil health by reducing stormwater runoff, and improves community health by providing shade in neighborhoods previously overlooked by tree placement.
Alongside the donation, BMO employees and One Tree Planted partners will host two volunteer planting events, one in Inglewood In Los Angeles District At April 27th and the other pure san francisco At 29th of July.
Inglewood project:
Combined with City of Inglewood, BMO’s donation will expand an ongoing initiative to plant 700 new trees across the community, including 100 street trees and 600 residential fruit trees. 3,000 people in 5 neighborhoods will enjoy the benefits of the planted trees.
san francisco Project:
As the main sponsor for the Bay area of San Francisco Project, BMO One Tree Planted’s donation will help plant fruit and community trees throughout the Little Hollywood neighborhood. With a focus on replacing dead trees and stumps with new trees, 330 trees will be planted in 2023, with a further 170 trees planned for 2024. Almost 30,000 people in 13 underserved neighborhoods will benefit from the project.
Earlier this year, BMO supported One Tree Planted’s reforestation project by planting 9,400 trees, with one tree planted for each Bank of the West employee who joined BMO February 1st. Also off February 7th to March 31stBMO donated $1 for each qualifying transaction made by BMO Digital Banking users.
This announcement also follows BMO’s third annual Trees from Trades program April 19th This resulted in 125,000 new trees for three years totaling 375,000 which can fill BMO Stadium over 271 times.
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
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