BMO Offers Sustainable Finance Solutions

BMO Financial Group (BMO) and Export Development Canada (EDC) are bringing sustainable finance solutions to medium- and large-sized Canadian exporting businesses to help them transition from carbon-intensive operations to those that can eliminate or significantly reduce emissions. As part of the agreement, BMO will offer EDC's ‘Sustainable Financing Guarantee.’ The guarantee is a risk-sharing solution co-developed to increase the capacity of Canadian financial institutions to provide companies engaged in eligible sectors with loans and financing that support their carbon reduction initiatives. The program will provide the initial $1 billion in financing over the next three years to support sustainable initiatives, including hydrogen, renewable infrastructure, and grid modernization, across nine carbon-intensive sectors.