BMO Receives Five-Star Ratings from Hispanic Association on Corporate Responsibility

BMO Harris Bank received a five-star rating in the 2020 Hispanic Association on Corporate Responsibility‘s annual Corporate Inclusion Index, with its highest ratings earned in employment and governance. The index improves companies’ understanding of deficits regarding Hispanic and LatinX diversity initiatives and provides a pathway to progress.

The index focuses on employment, procurement, philanthropy and governance. The rating permits the Hispanic Association on Corporate Responsibility to discuss diversity and inclusion practices with participating companies and helps them identify opportunities for improvement on their efforts for Hispanic inclusion.

BMO was evaluated on key metrics in these areas and received five-star ratings in employment and governance.

“At BMO, we are driven by our purpose to boldly grow the good,” Tracie Morris, U.S. chief human resources and inclusion officer at BMO, said. “We are proud to receive such a high rating from HACR, but are always looking for ways to improve our efforts to eliminate barriers to inclusion for our colleagues, customers and communities.”

The Hispanic Association on Corporate Responsibility’s ratings are designed around two focus areas for each of the pillars: a practice assessment and an outcomes assessment. The practice assessment consists of 25 elements, which examine what type of support or infrastructure a company has in place for diversity and inclusion. The outcomes assessment examines key indicators or measures by which companies evaluate progress or changes on diversity and inclusion efforts.

“On behalf of HACR’s board of directors, we congratulate BMO Harris Bank for keeping Hispanic inclusion top of mind,” Dr. Lisette Garcia, senior vice president and COO for the Hispanic Association on Corporate Responsibility, said. “By promoting Hispanic inclusion, businesses like BMO are cultivating a corporate culture that encourages forward thinking, which sustains their ability to outpace competitors.”

Earlier this year, BMO was named to Forbes‘ Best Employers for Diversity list for the second year in a row and included on the Bloomberg Financial Services Gender Equality Index for the fifth year in a row.

Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.