BMO Investments makes changes to its mutual fund lineup
chatdesbalkans/123RF

Toronto-based Bank of Montreal (BMO) has earned the 2017 Thomson Reuters/S-Network Environmental, Social and Governance (ESG) Best Practices Award, the firm announced on Thursday.

BMO was recognized for its high ESG ranking among approximately 5,000 companies across the U.S. and Canada. The bank was also ranked highest in the financial services sector worldwide, the firm says in a statement.

“As a financial institution that has attained and maintained carbon neutrality across its enterprise since 2010, achieved a goal of 40% representation of women in senior leader roles and has a 30-year track record in responsible investment, according to its December 2016 accounting, BMO gives evidences of a consistent application of best practices in ESG areas,” says Gregg Sgambati, director of ESG Solutions at S-Network Global Indexes Inc.

Previous winners of the award include Danbury, Conn.-based Praxair Inc. in 2016, New Brunswick, N.J,-based Johnson & Johnson in 2015 and Santa Clara, Calif.-based Intel Corp. in 2014.

Photo copyright: chatdesbalkans/123RF