Fossil Free Investments at BMO Bank of Montreal
BMO offers a number of mutual funds under their sustainability banner, but only some of them are fossil-free. Like the other big-five banks in Canada, BMO continues to be a major financer of fossil fuel expansion projects. This is solely a directory and not financial advice.
In Branch
Of the big-five banks in Canada, BMO offers the most options for investing fossil-free in a branch. Only four of the eight funds they mark as sustainable are fossil-free, so be sure to note the fund name differences:
- BMO Sustainable Bond Fund*
- BMO Sustainable Global Multi-Sector Bond Fund*
- BMO Sustainable Opportunities Global Equity Fund
- BMO SDG Engagement Global Equity Fund
The BMO Clean Energy ETF Fund, BMO Sustainable Global Balanced Fund, BMO Sustainable Opportunities Canadian Equity Fund and BMO Sustainable Opportunities China Equity Fund are not fossil-free. Although they contain less fossil fuel assets than conventional funds, they hold equity in fracked gas utilities.
Online
BMO InvestorLine Self-Directed allows the purchase of exchange traded funds listed on our ETF Portfolios and Specialized ETFs pages. Their direct investing platform collects a fee per trade. Note that this offering does not include financial guidance. BMO SmartFolio and InvestorLine adviceDirect do not offer fossil-free options.
*These funds have placed significant assets towards some of the largest fossil-financing banks.
Last Updated: December 13, 2021