Bank of Montreal
Bank of Montreal's Climate Target Data Preview
As of 2023, Bank of Montreal has disclosed 5 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 2 absolute reduction targets and 3 intensity-based targets, signaling the company's commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Bank of Montreal's climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy/Paste is a PRO feature.  a, b | 2030 |
Absolute-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | 0000000 | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Joule (J) of Oil and Gas Produced | Copy/Paste is a PRO feature.  b | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Joule (J) of Oil and Gas Produced | 0000000 | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity Produced | Copy/Paste is a PRO feature.  a, b | 2030 |
Verified Sources Behind Bank of Montreal’s Climate Targets Data
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Insights into Bank of Montreal's Greenhouse Gas Emissions Pathways
As of 2023, Bank of Montreal has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint.ab
Does Bank of Montreal have a target to reduce the emissions from its operations?
As of 2023, Bank of Montreal has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.ab
Bank of Montreal's most ambitious operational target is to reduce these emissions by 30% by 2030, compared to a baseline of 136,129 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019.ab
Bank of Montreal has already surpassed its operational emissions reduction target, with 2023 levels falling below the 2030 value, achieving its climate goal ahead of schedule.ab
Bank of Montreal's Operational (Scope 1+2) Emissions Pathway
Does Bank of Montreal have a target to reduce the emissions from its value chain?
As of 2023, Bank of Montreal has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol.ab
Bank of Montreal's most ambitious value chain target is to reduce these emissions by 70% by 2030, compared to a baseline of 0 Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity Produced in 2019.ab
Instead of reducing value chain emissions, Bank of Montreal has increased them, with 2022 levels exceeding those of the 2019 baseline, placing the company well behind its reduction target.ab