Diversity and inclusion are core BMO values that guide our thinking and actions, and help define who we are as an organization.
For us, it’s about encouraging our employees to bring their whole selves to work – for the benefit of their co-workers, their communities and themselves. It’s also good for business. It’s been shown that teams that are both diverse and inclusive attain higher levels of engagement, loyalty and growth, and that diversity of thought leads to innovation and better decision- making. And as a company that is founded on strong relationships, we know that diversity and inclusion help us better reflect different communities’ needs, goals and perspectives, so we are well-positioned to serve them.
Across our operations – in our boardrooms, meeting rooms, branches, contact centres, and everywhere in between – our commitment to diversity and inclusion helps ensure that everyone at BMO feels valued, respected and heard. Our Leadership Committee for Inclusion and Diversity has developed a bold, multi-year strategy to drive performance by excelling at diversity and inclusion. We are focused on achieving industry leadership by increasing diversity across all levels of the organization, through innovative talent practices and ambitious workforce representation goals.
Our 14 Enterprise Resource Groups (ERGs) support the recruitment, engagement and retention of employees from a variety of self-identifying communities. These groups help foster an inclusive workplace by bringing together people with similar interests, values or affinities to act as change makers. From BMO Pride and BMO without Barriers to the Latino Alliance and the Veterans Advisory Council, ERGs help ensure that everyone at BMO feels supported. These groups empower our employees to learn from difference, and also provide a consistent example of the standards of inclusion we present to our customers, communities and stakeholders.
Diversity extends beyond conventional categories and transcends the boundaries between our stakeholder groups. We are strong supporters of the military community and their families in Canada and the United States, working on increasing the hiring of our military veteran talent, providing sponsorships for military veterans’ organizations, and working closely with our military veteran customers to offer products and services that fit their needs throughout their careers.
We support customers and communities through a range of initiatives, such as making banking more accessible to customers with disabilities, contributing to enterprise-wide and branch-level celebrations of cultural expression, developing the first Registered Disability Savings Plan, and sponsoring Toronto’s Pride and Remembrance Run. BMO is proud to foster inclusion in the communities where we do business, and to support the diversity of all our employees’ and customers’ needs, ideas and interests.
Ranked one of the most diverse and inclusive workplaces in the world on the 2017 Thomson Reuters Diversity & Inclusion Index.
4 years in a row
In 2019, BMO was named to the Bloomberg Gender-Equality Index – one of 230 companies globally to be recognized.* BMO was one of only 15 Canadian companies to be included.
*For 2017 performance
We have 40% female representation in our senior leadership roles.