People waiting in line for the bus

BMO CEO Darryl White on Partnering to Advance Economic Inclusion

In the run up to the annual World Economic Forum (WEF) meetings beginning in Davos on January 20, BMO’s CEO has authored a compelling perspective piece for meeting participants and stakeholders on WEF’s official blog. In it, CEO Darryl White discusses the learnings stemming from BMO’s ongoing partnership with United Way Greater Toronto, with whom BMO has worked to convene stakeholders from Toronto’s social, private and public sector to address growing inclusive local economic opportunity. While the barrier to success, or fairness gap, faced by many Toronto residents in underserviced neighbourhoods is a complex issue, he explains that the partnership has revealed that by working together, stakeholders can make significant progress in unlocking economic opportunity in local areas facing structural barriers, with a goal of more inclusive growth. He further argues for the critical role of the private sector in addressing and finding solutions to intractable issues. One of the key learnings from the Toronto initiative has been, for Mr. White, the need for “sustainable and scalable tactics and frameworks that corporations, governments and community groups can use to tackle these issues together.” For BMO, that sense of scalability of the framework—and adaptability—means that what is being achieved in Toronto can be customized and replicated in other municipalities. Already, work is underway to extend the model in Chicago through a partnership between BMO, the City of Chicago and its United Way.

Read the article here.

Related Insights

BMO's Tracie Morris BMO’s 2019 Sustainability Report demonstrates purpose in action across the bank
Corporate social responsibility

Every year, BMO releases a substantive public report that provides a detailed analysis of the bank’s performance against key sustainability indicators. The Sustainability Report (formerly titled the Environmental, Social and Governance Report) offers comprehensive insight into our progress, as well as an outline of our actions and responses to the issues that our stakeholders and […]

BMO GAM takes two awards in Investment Week’s Sustainable & ESG Investment Awards 2019
Corporate social responsibility, Responsible investing

BMO’s Responsible Global Equity Fund (£600m AUM) has been recognised by the respected UK industry magazine Investment Week as the Best ESG Investment Fund for 2019, the second time it has won. The Fund, which was launched in October 1987, focuses on businesses that are proactively and effectively managing their own ESG risks and opportunities, […]

BMO Lights Fest BMO Harris donates $10,000 to Metropolitan Family Services in Chicago
Community giving

At BMO, we are driven by our Purpose to Boldly Grow the Good in business and life, and to honour that, we closed off 2019 by giving back with the help of our customers and community! During the holiday season, BMO asked community members to share a holiday message using the hashtag, #BMOLightsFest, on Twitter, Instagram […]