Giving back to the communities we serve. 2015 Citizenship Report We believe in making a difference to the individuals and communities we serve, creating opportunity, and doing our part to support causes that matter. A message from Darryl White and Pat Cronin While our core strength is helping our clients achieve their ambitions, people are the heart of our organization. We believe in making a difference to the individuals and communities we serve, creating opportunity, and doing our part to support causes that matter. These are the priorities that truly define us. Darryl White This year, we are especially proud of the opportunities we have helped Chief Executive Officer to create through corporate citizenship. Through donations, sponsorships, fundraisers and volunteer activities, our people have strengthened ties with charitable organizations, opened countless doors and helped to enhance the lives of people across our geographies. Read on to learn how in 2015, we made strong connections, created access to education for deserving students, and helped to ensure a brighter future for our employees, stakeholders, clients and the many communities in which we live and work. Table of contents Pat Cronin Chief Operating Officer What we Value ....................................3 Corporate Giving ...................................5 Broadening the Conversation ........................7 Employee Giving Campaign ......................... 9 Volunteer Day ....................................11 A Year in Review ..................................12 Charities we Support ..............................16 Employee Volunteers ..............................18 1 Putting our values to work. What we Value We recognize that helping our clients achieve their ambitions must go hand in hand with making a difference in our communities. That’s why we continue to look for opportunities to help people locally, and around the world. Responsibility is built Donations and into our business charitable sponsorships We have a fundamental commitment to act responsibly in all of our decision-making and weigh the potential Health & Welfare impact of every choice we make. $1,734,062 Through the governance framework overseen by Federated Appeals BMO’s Board of Directors, our bank-wide Sustainability $399,100 Council, regular consultations with key stakeholders, and participation in many industry groups, we ensure our Civic $154,722 leaders are equipped to make well-informed decisions. Identifying the choices that will bring the most good to Arts & Culture $120,900 the most people – for us, this is the heart of corporate responsibility. Education $1,742,764 All figures in Canadian dollars. In 2015, BMO Financial Group employees and friends raised $1.3 million for Kids Help Phone with the Walk so Kids Can Talk. BMO is the presenting sponsor of the national event, held in sites across the country on one day. Nearly 7,000 BMO employees came out to walk and support the cause. BMO Capital Markets had 65 walkers raise nearly $40,000 – the highest per walker amount in the bank! 3 Giving back to the communities we serve. Corporate Giving charitable 238 sponsorships This year, we are especially proud of the number of opportunities we have helped to create through corporate citizenship. Our people have strengthened ties with charitable organizations, opened countless doors and helped to enhance the lives of people across our geographies. Helping create equality through education In 2005, BMO Capital Markets made a commitment to help Meet Dasha Shalashova, create a more diverse workplace, internally and beyond. To help our first Imperial Scholar accomplish this, we launched Equity Through Education (ETE), As a Flow Interest Rates Derivatives Salesperson a charitable initiative that helps bright, deserving people realize with Bank of America Merrill Lynch, Dasha their educational ambitions by giving them opportunities they developed a solid foundation in analytical and might not otherwise have. problem-solving skills. To date, Equity Through Education has raised C$16.3 million However, after 5 years, she felt she reached a (US$14.5 million). This translates into assistance to more than plateau and realized that she lacked the in-depth 3,000 students through scholarships, bursaries, mentoring industry knowledge required to achieve her programs and job search strategy forums. long-term goal of becoming a commodities trader. Charities that have benefited from After researching courses in the field of commodities, Equity Through Education: she decided on the MSc Metals & Energy Finance • The Financial Women’s • The Loran Scholars Program at London’s Imperial, because although Association Foundation it is a specialized Masters degree, it covers a • The Foundation for the • Pathways to Education wide variety of products, and also was one of the Advancement of Aboriginal Canada few programs that offers a chance to study the Youth • The National Educational metals industry alongside the energy sector. • Imperial College Association of Disabled We wish Dasha all the future success as she enters • Indspire Students this next chapter in her education and career. • The Jackie Robinson • Women in Capital Markets Photo on opposite page: Dasha Shalashova and Bill Smith, Foundation • The YAI Network Managing Director and Head, EMEA, BMO Financial Group. • KIPP • Youth In Motion’s • Lime Connect Top 20 Under 20 Program 5 Broadening the conversation. 6 Diversity & inclusion in the workplace is a priority for BMO Capital Markets. Not only is it aligned with our values, Advocating for women but companies that are more diverse and in capital markets inclusive are more innovative, profitable Women in Capital Markets (WCM) continues to be a key and have better client service. By creating diversity partner to BMO Capital Markets through the Return to Bay Street program, the Heather L. Main Scholarship fund an environment that encourages diversity and WCM’s many activities that connect, coach and advocate of thought and background, everyone for women in the capital markets industry. This year, our own Kirsten Kennedy received the WCM Award for Leadership. wins – our employees, our business, and The award recognizes senior executives who have combined our clients. professional excellence with a demonstrated commitment to advancing and supporting women in capital markets. In 2015, BMO Capital Markets appointed a refreshed Diversity & Inclusion Steering Committee, co-chaired by Dan Barclay and Colleen Campbell. This committee provides oversight on the Promoting diversity Capital Markets Diversity and Inclusion agenda and strategic through mentorship priorities, and drives execution on our commitments. The BMO Capital Markets Mentorship Program facilitates To enhance the inclusive leadership capabilities of our senior opportunities for diversity of thought, and broadened management teams, BMO Capital Markets invited Dr. Mahzarin perspectives, by creating mentoring matches that Banaji to discuss her book Blindspot: Hidden Biases of Good might not otherwise occur. This approach builds bridges People. Dr. Banaji conveyed that every one of us has biases across businesses, generations and cultures. With the hidden even to ourselves. This awareness is the first step in completion of its third annual cycle, increased participation countering these biases with conscious thoughts and actions year-over-year, and the addition of an international cohort, that are aligned to our actual values and intentions. the program’s unifying influence is wider than ever. In 2015, with the Executive Sponsorship of Debbie Rechter, BMO Capital Markets became a Corporate Member of the Women’s Bond Club (WBC) of New York. In April, we had the pleasure of honouring Julie Gurevich, as our firm’s WBC Rising Star at WBC’s annual gala. 7 Generosity. It matters to us. Employee Giving Campaign A hallmark of BMO’s culture is the annual BMO Employee Giving Campaign. Each fall, employees across North America donate their time and money to charitable causes close to their hearts. Many of them choose to support BMO’s charity of choice and strategic partner in the campaign: United Way. Helping to break the cycle of poverty is a goal that BMO shares with United Way. Through this partnership, BMO employees have the opportunity to learn about the issues in their local community, and what United Way is doing to help address them. They can also attend tours of facilities, volunteer, and hear speakers share insights on important topics. From the top: Campaign Co-Chairs Jay Epstein and Peter Myers serve up pancakes with other local executives and United Way of New York City CEO Sheena Wright. L-R: Jay Epstein, Sheena Wright, Pat Behnke, Brad Rothbaum & Peter Myers; Darryl White and Aine O’Flynn pose with a BMO roundel made entirely of canned goods. The cans were later donated to United Way partner agencies. In 2015, 93% of BMO Capital Markets employees participated in the annual campaign, contributing a record $4.3 million to United Way and other charitable organizations. 9 Connecting through volunteering. Toronto trading floor employees assemble hygiene kits for local homeless shelters. BMO Volunteer Day One day each year, BMO employees give their time to United Way agencies and other local charities as part of BMO Volunteer Day. In 2015, more than 160 BMO Capital Markets employees “skipped work” to give back to the community – contributing nearly 400 volunteer hours in a single day! Some of the types of organizations employees have volunteered at