Investor Presentation February 2024

BMO's Climate Ambition To be our clients' lead partner in the transition to a net-zero world We are enhancing our climate-related capabilities and aim to build capabilities that enable ongoing, decision-useful analysis of progress against both risk management and opportunity capture. Commitment Acting on our commitment to a sustainable future, we're advancing the transformation to a net-zero world. • . • Maintain carbon neutrality and 100% renewable electricity purchases for our operations and pursue a 30% emissions reduction by 2030. Target net-zero financed emissions in our lending by 2050 with intermediate targets for financed emissions reductions to be achieved in partnership with clients. Commit to transparency in emissions measurement and performance. Capabilities BMO's Energy Transition and Sustainable Finance groups, supported by the BMO Climate Institute, provide thought leadership on climate change and finance, enabling us to be a premier advisor to clients and partner on climate risk and opportunity. . . • Leverage BMO's sophisticated analytical capabilities to understand the impacts of climate change. Generate insights that enable our business, clients and partners to flourish in the evolving climate landscape. Provide thought leadership informed by data-driven research and expertise. Client Partnership and Commercialization We are committed to helping our clients adapt to climate change, offering products and services that support their transition to a net-zero economy. • Engage with customers to advance climate adaptation strategies. Enable our clients' net-zero transitions with a tailored suite of green advisory, investment, lending and deposit products. Be a "one-stop-shop" for clients to meet their climate finance needs. Convening for Climate Action The BMO Climate Institute is driving insights and bringing together industry, government, researchers and investors to catalyze the climate conversation, collaborate on solutions and accelerate a socially and economically just net-zero transition. • • Unite BMO employees and equip them with knowledge to inform meaningful climate policy and business activities. • Develop solutions for climate- sensitive sectors in North America. Explore the synergies between climate and social impact goals. This slide contains forward-looking statements. Refer to the Caution Regarding Forward-Looking Statements on slide 2 BMOM Investor Presentation ⚫ February 2024 46

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