Does BMO have an existing investment policy related to the arms industry or cluster munitions producers?
When making a financing decision, in addition to regular credit criteria, BMO takes into consideration ethical, political, social and economic factors. BMO is not prepared to extend loans for transactions that are outside the national defense policies or international treaty obligations (such as NATO) of Canada and the U.S. and which have as their objective the international transfer of military equipment or civilian equipment for military or internal security purposes. All transactions must be consistent with Canadian and U.S. national defense policies or their international treaty obligations. As well, transactions originated in non-Canadian/U.S. jurisdictions must be consistent with the national defense policies or international treaty obligations of the relevant jurisdictions.
