BMO defends climate efforts as investors push for more disclosure
- BMO's head defended the bank's climate efforts during its annual general meeting, facing shareholder resolutions for more clarity on climate plans and funding allocations.
- Investors and activists called for disclosures on BMO's climate lobbying and funding ratios, receiving 20% and 32% support for respective resolutions.
- BMO's CEO emphasized the bank's role in convening discussions on energy transition, despite criticism regarding its climate commitments.
- Critics highlighted a contradiction between BMO's advocacy and its own disclosure practices, questioning its climate credibility.
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BMO defends its climate efforts at its General Assembly
The Chief Executive Officer of the Bank of Montreal (BMO) defended the bank's climate efforts while facing shareholder resolutions at its annual general meeting, which called for greater transparency on its projects.
·Montreal, Canada
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