Bank of Montreal
Bank of Montreal's GHG Emissions Data Preview
In 2024, Bank of Montreal completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Bank of Montreal has also provided a category-level breakdown for 3 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
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Verified Sources Behind Bank of Montreal’s Greenhouse Gas (GHG) Emissions Data
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Insights into Bank of Montreal's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Bank of Montreal amounted to 102,912 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Bank of Montreal decreased by 4.47%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
Bank of Montreal's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Bank of Montreal's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Bank of Montreal were 33,090 metric tons of CO₂ equivalent (tCO₂e). a
Has Bank of Montreal reduced its Scope 1 emissions over time?
Since 2019, Bank of Montreal's Scope 1 emissions have decreased by 27.94%, reflecting a declining long-term trend in Scope 1 emissions over time. a c
Compared to the previous year (2023), Bank of Montreal's Scope 1 emissions decreased by 13.37%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a
What are Bank of Montreal's Scope 2 emissions?
In 2024, Bank of Montreal reported Scope 2 greenhouse gas (GHG) emissions of 356 tCO₂e using the market-based method and 69,822 tCO₂e using the location-based method. a
Has Bank of Montreal reduced its Scope 2 emissions over time?
Since 2019, Bank of Montreal's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 23.97%, reflecting a declining long-term trend in Scope 2 emissions over time. a c
Compared to the previous year (2023), Bank of Montreal's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Bank of Montreal 's emissions have plateaued with no significant change in its energy consumption footprint. a
What methodology does Bank of Montreal use for Scope 2 reporting?
In 2024, Bank of Montreal reported its Scope 2 emissions using the market-based method and using the location-based method. a
Bank of Montreal's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Bank of Montreal's Value Chain Emissions
In 2024, Bank of Montreal reported 679,424 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
The 2024 disclosure of Bank of Montreal includes a breakdown across 3 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a
Bank of Montreal's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Bank of Montreal's Scope 3 emissions?
In 2024, Bank of Montreal reported total Scope 3 emissions of 679,424 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 99.64% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0.36% came from downstream activities like product use, distribution, and end-of-life treatment. a
Has Bank of Montreal reduced its Scope 3 emissions over time?
Since 2019, Bank of Montreal's Scope 3 emissions have decreased by 98.32%, reflecting a declining long-term trend in Scope 3 emissions over time. a
Compared to the previous year (2023), Bank of Montreal's Scope 3 emissions decreased by 97.02%, highlighting the company's efforts to lower indirect emissions from its value chain. a
What categories of Scope 3 emissions does Bank of Montreal disclose?
In 2024, Bank of Montreal reported emissions for 3 out of the 15 Scope 3 categories defined by the GHG Protocol. a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Bank of Montreal's Scope 3 emissions?
In 2024, the largest contributors to Bank of Montreal's Scope 3 emissions were: a
- Purchased Goods and Services (Cat. 1): 658,151 tCO₂e (96.87%)
- Business Travel (Cat. 6): 18,820 tCO₂e (2.77%)
- Downstream Leased Assets (Cat. 13): 2,453 tCO₂e (0.36%)
Bank of Montreal's Scope 3 Emissions by Categories
Insights into Bank of Montreal's Total Carbon Footprint
In 2024, Bank of Montreal reported a total carbon footprint of 782,336 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 96.59% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a
The largest contributor to Bank of Montreal's total carbon footprint was Scope 3 emissions, accounting for 86.85% of the company's total carbon footprint, followed by Scope 2 emissions at 8.92%. a