20 years of investor engagement

20 years of investor engagement

We’re celebrating two decades of investor engagement. The decade ahead is vital for securing a sustainable future – join us on the journey.

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Responsible investment runs deep

At BMO we invest with a purpose – to boldly grow the good. It is an ethos we are proud of and one that is engrained in our heritage, from the launch of Europe’s first ethically screened fund in 1984. Today, all our active investment teams integrate ESG considerations into their decision making and we continue to develop dedicated and high-quality responsible funds and solutions. Through our commitment to responsible investing, we believe we are putting our purpose into action, and playing our part in the wider investor movement making finance a force for good.

Risk Disclaimer

All of our investment plans involve a level of risk and the value of your investments can go down as well as up. The level of risk will depend upon the underlying investments that you choose to hold in the plans. You need to be comfortable that you may not get back the original amount invested.

Celebrating 20 years of investor engagement

Hear from our CEO of BMO Global Asset Management, Kristi Mitchem, on how we are celebrating 20 years of investor engagement and its evolvement into the mainstream

Responsible Investment 20 Years of engagement Kristi Mitchem

20 years of engagement

companies engaged

Countries

instances of positive change recorded in ESG practices

As at 31 Dec 2019

Discover the history of investor engagement

Early investor engagement was a relatively niche activity, largely driven by mission and faith-based investors. A significant obstacle to scaling up these efforts was a lack of common definitions and standards for sustainability. This changed in the late 1980s, with the United Nations founding some of the key institutions and concepts that have guided action on sustainability ever since. With these building blocks in place, the stage was set for the sustainability agenda to enter the mainstream. Discover the journey below: 

2000-2010:

Learn how investor engagement began to enter the mainstream

2010-2020:

Discover what drove the rapid growth in responsible investment approaches

2020-2030:

Uncover the future of investor engagement

Map
Discover our global influence
Hover over the locations below to discover the instances of positive change – ‘milestones’ – we have achieved through engagement over the past 20 years.
  • Enviromental
  • Social
  • Governance

“Across the financial sector, there is growing recognition that whilst of course delivering financial returns is our objective, we also need to analyse how our actions – or inactions – have an impact on meeting the world’s needs”.

Alice Evans, Managing Director, Co-Head, Responsible Investment
Facebook Inc

Halted plans to issue non-voting shares, which would have further entrenched the CEO and founder and decrease accountability to minority shareholders.

Shareholders rights - 2017
KraftHeinz

Committed to make all packaging recyclable by 2025, and is aiming to make the recycable Heinz Tomato Ketchup plastic bottle fully circular by 2022.

Environmental stewardship - 2019
Duke Energy Corp

Announced a target of net zero carbon emissions by 2050, with an interm target of 50% cut by 2030.

Climate change - 2019
Apple Inc

Conducted social audits of all assembly suppliers and published audit results and steps it would take towards corrective action.

Labour standards - 2007
Citigroup Inc

Significantly reformed its approach to executive compensations to improve alignment between pay and performance and disclosure.

Executive renumeration - 2017
United States
Nestle SA

Endorsed a business initiative for food security, commiting to working with farmers to increase agricultural productivity and their income.

Food security - 2011
BASF SE

Set a 2030 target to increase the proportion of women in leadership positions to 30% worldwide.

Diversity - 2020
Novo Nordisk A/S

Launched a global access to medicines strategy accompanied by a high-level target to treat 40 million people for diabetes by 2020, from 23 million in 2012.

Access to medicines - 2013
ArcelorMittal SA

Improved water risk management by conducting mapping of operational sites against water-scarce areas and reviewing supplier requirements on water stewardship.

Enviromental Stewardship - 2019
Europe
BP PL

Committed to become a net-zero operating company by 2050, including by neutralising its operational emissions and the emissions emitted during the use of its products.

Climate change - 2020
GlaxoSmithKline PLC

Introduced major reforms to global sales and marketing practices aimed at enhancing compilance and business ethics.

Business conduct - 2013
Barclays plc

Launched an independent investigation of the culture of the bank following the Libor manipulation scandal.

Business conduct - 2012
UK
Petroleo Brasileiro SA

Announced a sweeping organisational restructuring, involving the redistribution of activities, reduction in the number of business units, and a review of the decision-making model.

Strategy - 2016
South America
Canon Inc

Implemented major reforms to its corporate governance practices, particularly related to board composition.

Board effectiveness - 2016
Tokyo Electric
Power Co Ltd

Committed to publish the results of, and implementing remedial actions from, a fundamental safety review of all nuclear and non-nuclear assets after the Fukushima disaster.

? - 2011
Japan
Rio Tinto Ltd

Sold its last remaining coal asset and in the process became the first major resource producer to exit the coal business

Climate change - 2018
Australia
Wilmar International Ltd

Developed and published a no-deforestation, no-peat and no-exploitation sustainable palm oil production and sourcing policy.

Enviromental supply chain - 2013
Singapore
China Mengniu Dairy Co Ltd

Implemented a comprehensive product monitoring system following material losses in 2008 linked to distributing tained milk products in China.

Food safety - 2010
China Mobile Ltd

Unveiled a clear strategy and management systems for protecting customer data security and privacy.

Human rights - 2016
China
AngloGold Ashanti Ltd

Implemented an analytical approach to identyfying workplace hazards, as well as controls, outcomes and recovery measures associated with safety incidents at its mines.

Health & safety - 2015
South Africa
Discover our global influence
Hover over the locations below to discover the instances of positive change – ‘milestones’ – we have achieved through engagement over the past 20 years.

Halted plans to issue non-voting shares, which would have further entrenched the CEO and founder and decrease accountability to minority shareholders.

Shareholders rights - 2017

Committed to make all packaging recyclable by 2025, and is aiming to make the recycable Heinz Tomato Ketchup plastic bottle fully circular by 2022.

Environmental stewardship - 2019

Announced a target of net zero carbon emissions by 2050, with an interm target of 50% cut by 2030.

Climate change - 2019

Conducted social audits of all assembly suppliers and published audit results and steps it would take towards corrective action.

Labour standards - 2007

Significantly reformed its approach to executive compensations to improve alignment between pay and performance and disclosure.

Executive renumeration - 2017

Endorsed a business initiative for food security, commiting to working with farmers to increase agricultural productivity and their income.

Food security - 2011

Set a 2030 target to increase the proportion of women in leadership positions to 30% worldwide.

Diversity - 2020

Launched a global access to medicines strategy accompanied by a high-level target to treat 40 million people for diabetes by 2020, from 23 million in 2012.

Access to medicines - 2013

Improved water risk management by conducting mapping of operational sites against water-scarce areas and reviewing supplier requirements on water stewardship.

Enviromental Stewardship - 2019

Committed to become a net-zero operating company by 2050, including by neutralising its operational emissions and the emissions emitted during the use of its products.

Climate change - 2020

Introduced major reforms to global sales and marketing practices aimed at enhancing compilance and business ethics.

Business conduct - 2013

Launched an independent investigation of the culture of the bank following the Libor manipulation scandal.

Business conduct - 2012

Announced a sweeping organisational restructuring, involving the redistribution of activities, reduction in the number of business units, and a review of the decision-making model.

Strategy - 2016

Implemented major reforms to its corporate governance practices, particularly related to board composition.

Board effectiveness - 2016
Power Co Ltd

Committed to publish the results of, and implementing remedial actions from, a fundamental safety review of all nuclear and non-nuclear assets after the Fukushima disaster.

? - 2011

Sold its last remaining coal asset and in the process became the first major resource producer to exit the coal business

Climate change - 2018

Developed and published a no-deforestation, no-peat and no-exploitation sustainable palm oil production and sourcing policy.

Enviromental supply chain - 2013

Implemented a comprehensive product monitoring system following material losses in 2008 linked to distributing tained milk products in China.

Food safety - 2010

Unveiled a clear strategy and management systems for protecting customer data security and privacy.

Human rights - 2016

Implemented an analytical approach to identyfying workplace hazards, as well as controls, outcomes and recovery measures associated with safety incidents at its mines.

Health & safety - 2015

Find out more in our full report

Investor engagement in action

When it comes to engaging companies, our approach varies by company and the ESG issues at hand, ranging from ongoing, constructive dialogue to dedicated site visits. Discover examples of our engagement here.

Our engagement insights

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