Do BMO’s risk, lending and investment policies and tools cover environment-related aspects?
BMO’s lines of business have issued detailed guidelines with respect to the criteria for the methodology employed in the assessment of environmental risk. The guidelines identify over fifty industries that are considered environmentally sensitive and which may require a heightened level of assessment. Additionally, our lending officers are provided with training on how to recognize environmental risks as part of their credit risk skills development program. We recently enhanced our corporate lending due diligence questions to account for credit risk associated with climate change. In addition, we have lending criteria on forest biodiversity, covering forest certification and activity in protected regions.
