In a remarkable display of commitment to environmental justice, BMO has pledged a generous $3 million donation to GRID Alternatives, a leading nonprofit solar installer. This donation is set to transform the lives of low-income families across California, Colorado, and Native communities in the western United States. Find out more about this announcement here.
BMO's support will make a significant impact by facilitating the installation of solar systems for 1,200 families, delivering 250 battery-powered systems, and establishing 1,400 charging stations. These initiatives are designed to reduce greenhouse gas emissions by a staggering 145,000 tons per year while transitioning energy consumption to 70-80% solar.
Moreover, this partnership emphasizes the importance of equity in the transition to renewable energy. BMO's funding will enable GRID Alternatives and its affiliates to deepen its engagement with Native communities, fostering local talent through workforce development programming and solar installation training.
"The impacts of climate change are often felt most acutely by those that are the least able to address them. Investments to support progress in climate resilience and economic wellbeing are a critical lever in supporting these communities and helping to scale renewable energy sources," said Melissa Fifield, Head, BMO Climate Institute. "BMO's partnership with GRID will help foster a more sustainable future by funding a transition to renewable energy that is equitable, inclusive, and aligned with our Purpose, to Boldly Grow the Good in business and life."
"I'm very pleased that our long-standing relationship that started with Bank of the West is continuing with BMO," said Arthur Bart-Williams, Executive Director for GRID Alternatives Bay Area. "And I'm very excited with their expanded commitment towards GRID's mission of building community-developed solutions to advance economic and environmental justice through renewable energy."
BMO's employees have also actively participated in this cause, installing solar panels on the homes of underserved families, and more volunteer efforts are planned throughout this three-year partnership.
This donation is a testament to BMO's dedication to environmental sustainability and its ambition to lead the transition to a net-zero world. It builds upon their acquisition of Bank of the West and underscores their significant $40 billion community benefits plan. As BMO and GRID Alternatives join forces, they are not only advancing renewable energy but also researching economic inequality to identify communities most in need of support, truly exemplifying the principles of environmental justice.