Investing with purpose: Celebrating 20 years of ESG engagement
This year we celebrate 20 years of running our investor engagement program. The past two decades have seen us engage more than 5,500 companies on the most relevant and impactful ESG issues for their businesses, and we have recorded over 3,700 instances of positive change – ‘milestones’ – in the same time period.
The way investors conduct engagement has transformed. From a niche approach largely confined to mission-orientated investors, engagement is now a mainstream investor activity. The success of the Climate Action 100+ initiative in bringing together investors representing close to U.S. $40 trillion in assets shows how far we have come.
Active ownership has proven its worth as a valuable and legitimate financial tool. At BMO, we view engagement not only as a tool to identify and manage risks, but also as a route to create positive impact for the environment and society. In the coming decade, we expect a focus on real-world outcomes of engagement, as we move towards the 2030 target date for the achievement of the Sustainable Development Goals (SDGs). Our corporate purpose is to Boldly Grow the Good in business and life. Through our commitment to responsible investing, we believe we are putting this purpose into action, playing our part in the movement towards making finance a force for good.
Milestones achieved are not guarantees of future engaged company, firm, or product performance.