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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 climate efforts as investors push for more disclosure

The head of BMO defended the bank’s climate efforts as it faced shareholder resolutions at its annual general meeting that called for more clarity on its plans.

·Canada
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Financial Post broke the news in Canada on Friday, April 11, 2025.
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