BMO UK High Income Trust – ESG engagement in Practice
The year ending 31 March 2021 saw BMOs Responsible Investment team engaged 81 times with management in the Company’s portfolio. The most common topics for discussion were corporate governance, labour standards, public health, climate change 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 UK High Income Trust’s investments, in the year to 31 March 2021, BMO voted at 43 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.