BMO announced the launch of its Greener Future Financing program in the United States - its first climate financing program to help small and medium-sized businesses build future-ready, climate-resilient operations. In 24 states - including Arizona, California, Colorado, Florida, Idaho, Illinois, Iowa, Indiana, Kansas, Michigan, Minnesota, Missouri, Nebraska, Nevada, New Mexico, North Dakota, Oklahoma, Oregon, South Dakota, Texas, Utah, Washington, Wisconsin, and Wyoming (businesses located in Michigan or Texas must be within 100 miles of a BMO full-service retail branch in an adjacent state) - BMO's Greener Future Financing program will help businesses make progress on climate-related goals by providing the following: Climate resiliency loan discounts: Current and prospective customers may receive a 0.5% rate discount on qualifying business term loans, business flex loans, owner-occupied commercial estate mortgage loans, and investor-owned real estate mortgage loans ranging from $100,000 to $1,000,000. Loans must be used for an eligible purpose within the program guidelines which may include one of the following: renewable energy such as solar power and renewable fuels energy efficiency including LED lighting, heat pump systems, smart meters and other performance monitoring equipment, flood proofing and more.

Customers can also receive an additional 0.25% off a loan rate when they set up automatic payments from a BMO business checking account at loan closing. Green business advisory: BMO will support, educate, and advise business owners with the information and capital required to build climate resilient operations and support efforts to reduce greenhouse gas emissions. This includes providing climate-related insights on emerging policies and regulations, technologies, and case studies that help customers capture opportunity and manage climate-related risks.

BMO's Greener Future Financing program supports BMO's Climate Ambition: Carbon neutral in its operations since 2010, BMO announced its Climate Ambition in March 2021, including the launch of the BMO Climate Institute, to be its clients' lead partner in the transition to a net-zero world. This ambition built on a previous commitment to mobilize $300 billion in capital to clients pursuing sustainable outcomes by 2025 ? achieved two years early in 2023.

In 2021, BMO established a dedicated Energy Transition Group to support clients' pursuit of opportunities driven by the increasing momentum of the global economy's shift in production and consumption of energy. Additionally, in 2022, BMO acquired Radicle Group, now BMO Radicle, a leader in sustainability advisory services and market-based solutions, and technology-driven emissions measurement and management. In addition to Greener Future Financing, BMO offers a range of products and services to help business clients with the transition to net-zero, including: Climate Smart, a carbon accounting program that helps businesses measure and reduce their carbon footprint as well as cut operational costs.

Sustainable Finance expertise and solutions, including loans, deposits, and bonds. Carbon Credit development and trading advisory to help businesses meet sustainability goals. A real estate retrofit program (Canada) to help real estate owners and operators improve the energy efficiency of their buildings.