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Classified in: Business
Subjects: SRI, NTA, DEI

Education, Employment and Economic Empowerment: BMO Releases WÓcihitowin ???????- First Annual Indigenous Partnerships and Progress Report

TORONTO, Sept. 27, 2021 /CNW/ - Today BMO launched WÓcihitowin†???????†(pronounced: wee-chih-hito-win),†its first Indigenous Partnerships and Progress Report, reaffirming its commitment to Indigenous peoples across three key pillars that reflect its response to the Truth & Reconciliation Commission's call to action for corporate Canada: Education, Employment, and Economic Empowerment. WÓcihitowin†???????, a Nehiyawewin/Cree term meaning "helping and supporting each other", reviews the scope of BMO's engagement with Indigenous communities through the lens of compelling stories from Indigenous customers, employees and community leaders that illustrate societal and economic barriers while also highlighting the many opportunities that exist on the path to reconciliation.

"Today, we are honoured to share WÓcihitowin†???????,†BMO's first annual Indigenous Partnerships and Progress Report. Reflecting our Purpose, to Boldly Grow the Good in business and life, this report illustrates the progress we're making toward our commitment to zero barriers to inclusion ? within Indigenous communities and across Canada. Throughout its pages we recognize and celebrate the resilience, innovation and achievements of Indigenous peoples, including many of our customers and employees. As we mark this first National Day for Truth and Reconciliation, we are committed to living our values, building trust, accelerating progress and continuing the work of reconciliation," said Darryl White, CEO, BMO Financial Group.

Education, Employment and Economic Empowerment: Highlights from the Report

BMO has long served Indigenous communities across Canada through its Indigenous Banking Unit. Through its network of branches and business banking offices, both on and off reserve, the bank offers financial education programs for Indigenous young people and elders and accessible financial products and services, including housing and renovation financing, trust services, investment management solutions and long-term financing for on-reserve infrastructure and economic development.

"For decades, BMO has been a leader in providing banking services to Indigenous communities nationwide, and we're committed to deepening those partnerships, which have been built on trust and mutual respect," said Mike Bonner, Head, Canadian Business Banking and Co-Chair, Indigenous Advisory Council. "WÓcihitowin†??????? highlights the work we are doing in partnership with Indigenous communities and BMO's Indigenous Advisory Council in a number of key areas. From unique customer programs that improve access to financial products and services, to increasing representation of Indigenous peoples across our workforce in Canada, to important strides in employee education, community outreach and our procurement policies, we continue to take action toward creating an inclusive society that supports the progress of Indigenous peoples in Canada."

On September 30, along with the rest of Canada, BMO and its employees will observe the National Day for Truth and Reconciliation as an occasion to reflect on our shared history and its impacts and reaffirm our commitment to Truth and Reconciliation.† Click here to view the full Report.

To listen to a podcast about understanding the National Day for Truth and Reconciliation, click here.

About BMO Financial Group
Serving customers for 200 years and counting, BMO is a highly diversified financial services provider - the 8th largest bank, by assets, in North America. With total assets of $971 billion as of July 31, 2021, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.

SOURCE BMO Financial Group

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