A great read from Dan Barclay on the future of a vital industry and its shift to a more sustainable future. My favourite quote: “We recognize our responsibility as a bank to ensure the necessary flow of capital to a sector that will supply the metals needed to build a world that addresses climate change. The metals & mining sector is, and will continue to be, critical to the transition to a lower-carbon economy.”
As one of the world’s leading bankers to the metals and mining industry, BMO has a responsibility to help our clients to create a more sustainable future. How are we doing this? By mobilizing $400 billion –across industries – in sustainable finance by 2025, including $150 billion in financing for clients pursuing sustainable outcomes.
When BMO was recognized as the top bank on the Wall Street Journal’s list of the most sustainably managed companies in the world – ranking 15th overall among 5,500 companies – as well as scoring in the 91st percentile in the Dow Jones Sustainability Index, it was clear validation that we’re moving in the right direction. And our work continues.
#sustainability #sustainablefinance #BMOgrowthegood
Dan Barclay
Dan Barclay • 3rd+ Chief Executive Officer and Group Head at BMO Capital Markets 2d • Edited •
2 days ago
BMO Financial Group is the exclusive Canadian sponsor at Bloomberg LP's virtual Sustainable Finance Week #SFWW) from Nov 30 – Dec 4, focused on social impact, climate policy and the future of sustainable investing, topics that are reflected in BMO's commitment to a sustainable future.
As part of BMO Capital Markets' involvement, we are hosting the Sustainable Business Summit Global: tomorrow Kristi Mitchem initiates the conversation on “The Business Case for Sustainability” and I will be joined by Michael McCain, President and CEO, Maple Leaf Foods Inc, for a conversation on sustainability and how the food industry is changing.
Aligned with our Purpose, I have written an OpEd: “Rebooting the Mining ESG Narrative”, which is timed to SFW. It focuses on how, as a bank, we can support the mining industry in the transition to a lower-carbon economy, and help reboot the mining ESG narrative through the use of sustainable finance instruments. The article discusses the opportunities and the risks that the sector faces during this transition, as well as the progress it has made on the ESG front in recent decades at operational and corporate levels.
