BMO Canadian Business Banking has launched Greener Future Financing, its inaugural climate financing programme, to assist agriculture businesses in building climate-resilient operations.

BMO has committed $30 million to a climate-related financing product aimed at helping small and medium-sized enterprises across Canada access capital for reducing carbon emissions and adapting to climate change.

Eligible agriculture business banking clients, including new and existing ones, may be eligible for up to a one per cent discount on new loans for investments in renewable energy, energy efficiency, flood proofing, and other climate resilience measures.

BMO's Greener Future Financing programme empowers business owners to make sustainable investments that position them for a lower carbon economy and increased climate resilience, aligning with BMO's Purpose of Boldly Growing the Good in Business and Life.

BMO recognises the vital role of farmers and agri-businesses as environmental stewards and aims to support them in achieving their climate goals, lowering emissions, and building resilience to changing weather patterns.

BMO has made significant commitments to sustainability, including its Climate Ambition, mobilising $300 billion in sustainable lending and underwriting by 2025, and establishing the BMO Climate Institute to drive progress towards a net-zero world.

BMO's industry-leading Sustainable Finance team has already completed green and sustainability-linked loans for companies across various sectors, while the Energy Transition Group supports clients in navigating the shift in global energy production and consumption.

BMO's sustainability leadership has been recognized through top rankings in global benchmarks such as the World Benchmarking Alliance, Dow Jones Sustainability Index, and Ethisphere Institute's list of the World's Most Ethical Companies.

For more information on BMO's Purpose, sustainability commitments, and Greener Future Financing, visit their Sustainability Report, Purpose, Climate, Climate Institute, survey of small and medium-sized enterprises, and Zero Barriers to Inclusion 2025 pages.

To learn more about how BMO can support small- and medium-sized enterprises at every stage, visit www.bmo.com/main/business or connect with a BMO Relationship Manager.

To learn more about BMO Greener Future Financing, connect with a BMO Relationship Manager or visit www.bmo.com/agriculture. 

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Source: CNW