Commitment to diversity
BMO bases their business case for diversity on the evidence that a more diverse and inclusive workplaces drives stronger performance, more successful and engaged employees, and sustained competitive advantage. Diversity enables BMO to see things through its customers’ eyes. There are four pillars of BMO’s business case:
- Diversity and inclusion goals are aligned with BMO’s business goals to drive better performance, increase employee engagement and sustain competitive advantage.
- BMO’s business reasons for diversity are rooted in its values. “Embrace Diversity” is one of BMO’s core corporate values. BMO encourages employees to embrace diversity to sustain a diverse and inclusive workforce.
- We have a diverse customer base that relies on BMO to provide financial guidance and know-how. In order to truly understand and guide our customers, our employees, and our leadership, we must reflect our customers.
- The quality of our talent is the primary ingredient that distinguishes us from competitors. Having a talented, engaged and diverse workforce is a major priority for BMO. It is people – not companies – that innovate and create breakthroughs aligned with what our employees and customers want.
Vision for the future
Our inclusion and diversity efforts continue to evolve and remain a leading strategic priority for the future. In addition to several other employee resource groups, BMO proudly supports PRIDE which is comprised of Canadian enterprise-wide lesbian, gay, bisexual, transgendered (LGBT) and straight employees committed to promoting an equitable and inclusive environment for all.
Headed by the Executive Sponsor Deidre Drake, Managing Director & Chief HR Officer, BMO fosters an environment that encourages and supports personal growth and professional development of all employees and also serves as a resource in identifying and maximizing business relationships in LGBT markets.
BMO believes that inclusion enables us to harness the many opportunities that diversity brings—new vision, meaningful client connections, increased support and engagement of our employees.
We recognize our employees come from all different walks of life -- as do our customers -- and creating an equitable and open work environment gives us a competitive advantage by allowing us to offer innovative solutions and tailored customer service to all individuals.
BMO Financial Group has long valued the benefits of recruiting and retaining a diverse workforce. The bank offers several employee affinity groups, including Lions Pride in the US and BMO Pride in Canada, which provide a supportive forum for LGBT employees, offers cultural and educational opportunities and gives back to our communities through volunteerism and business development.