BMO Global Smaller Companies – ESG engagement in Practice
The year to 30 April 2020 saw BMOs Responsible Investment team hold 95 engagements on 146 issues with 47 companies in the Company’s portfolio. The most common topics for discussion were corporate governance, climate change, labour and environmental standards.
Exercising the right to vote is 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 the reasons for any votes against management. With respect to BMO Global Smaller Companies’, in the year to 30 April 2020, BMO voted at 196 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.