BMO and Catalyst Create a First-of-Its-Kind Learning Centre to
Advance Diversity & Inclusion in the Workplace
BMO donates $500,000 to help establish Catalyst's Inclusive
- The BMO / Catalyst Inclusive Leadership Practice Centre (ILPC) will
draw together corporate leaders who are interested in creating
development opportunities that will help emerging leaders build more
inclusive workplaces around the globe.
- Centre will employ networking, educational and research
opportunities to provide organizations with the necessary knowledge
and resources to advance, grow, and sustain dedicated employee
- BMO's Institute for Learning (IFL) will be the flagship location
for in-person training and certification of these learners.
TORONTO, ONTARIO -- (Marketwire) -- 12/05/12 -- BMO Financial Group
and Catalyst today announced the establishment of a first-of-its-kind
corporate learning centre focused exclusively on providing
corporations around the globe with the critical skills, knowledge and
resources to become more inclusive organizations.
The BMO / Catalyst Inclusive Leadership Practice Centre (ILPC) is
being established through a $500,000 donation from BMO Financial
Group in support of Catalyst's Inclusive Leadership Initiative.
The Centre will be a destination point to bring leaders of Employee
Resource Groups (ERG) together to network, connect and learn from one
another. Today, employee resource groups can be found in many FP500
and Fortune 500 companies and are important engines of employee
engagement and business results.
ERGs are voluntary, employee-led groups that provide important
insights and input that help shape and direct an organization's
diversity and inclusion strategy, as well as customer and employee
"The Centre's mandate is to build cultural competence. Based at BMO's
Institute for Learning, BMO and Catalyst will be welcoming ERG
leaders from North America, Europe and Asia. Our goal is to equip
participant companies' Employee Resource Groups so they, in turn, can
help their own organizations to benefit from the full experience,
creativity and insights of their workforce, make the best decisions
in a complex business environment and deliver for customers who are
increasingly diverse themselves," said Bill Downe, President and CEO,
BMO Financial Group.
"The BMO / Catalyst Inclusive Leadership Practice Centre will enable
current and emerging leaders to build more inclusive workplaces,
significantly advance women's careers, better manage diverse teams
and enhance service to diverse customers and communities.
"It's time to accelerate the agenda. Today, Employee Resource Groups
can be found in many FP500 and Fortune 500 companies and are
important engines of employee engagement and business results. We
think insufficient attention has been paid to these leaders who head
Diversity Councils and affinity groups, yet they are their company's
"The bank's Institute for Learning will be the flagship location, for
in-person training and certification for these ERG leaders from
companies across the globe," concluded Mr. Downe.
"BMO's donation will help accelerate the levels of diversity and
inclusion in business around the world. It is critical work, because
we know empirically, through our own research at Catalyst and from
numerous other organizations, that the most inclusive companies are
the most successful and profitable," said Ilene H. Lang, President
and CEO, Catalyst.
The ILPC will embed Catalyst knowledge, research, and expertise into
leadership development programs by leveraging a variety of channels,
media platforms and technologies. BMO's Institute for Learning (IFL)
will be recognized as the flagship location for in-person training
and certification of these learners. Additional learning session
updates could also take place virtually.
"The Inclusive Leadership Initiative aligns well with BMO's
commitment to being a culturally intelligent organization," said
Sonya Kunkel, Managing Director, Diversity and Inclusion, BMO
Financial Group. "BMO already has excellent diversity and inclusion
training and bold diversity goals built into its leadership
development and performance assessment but we want to take this
capability further, giving more of our leaders and employee resource
groups greater aptitude to engage, problem solve, and inspire in
cross-cultural and cross-border business settings.
"In increasingly global and diverse work settings, organizations that
can work more effectively across genders, cultures, languages and
belief systems, will continue to win in their chosen markets," she
For Media Relations Enquiries
BMO Financial Group
Ralph Marranca, Toronto
Valerie Doucet, Montreal
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