BMO Capital and Income Investment Trust – ESG engagement in Practice
During 2020, BMOs Responsible Investment team engaged 36 times with management in the Company’s portfolio. The most common topics for discussion were corporate governance, climate change, labour and environmental standards.
BMO also exercises its right to vote as another way to influence positive change. Voting against management on key resolutions sends a clear signal to companies on the importance of improving their business practices. BMO regularly engages companies before and after voting to explain their expectations and invite comment, and to explain its reasons for any votes against management. With respect to BMO Capital and Income Investment Trust’s investments, in the year to 30 September 2020, BMO voted at 74 meetings of investee companies held in the portfolio. Public details of all BMO’s voting activity, including rationale for votes against management, become available on the website the day after each shareholder meeting here.
Learn more about the Trust’s approach in our latest report and accounts here.