The RIAC is responsible for maintaining the integrity of the standards by which BMO GAM’s Responsible Investment funds are run, as well as providing advice on wider ethical and sustainability issues. Its President is The Most Revd Justin Welby, the Archbishop of Canterbury.
As an internationally recognised industry figure, Ben specialises in environment, energy and sustainability issues. He has held several senior roles in this field, including Founding Director of the Oxford Sustainable Finance Programme at the University of Oxford Smith School of Enterprise and the Environment. Ben also founded and co-chairs the Global Research Alliance for Sustainable Finance and Investment (GRASFI), an alliance of global research universities promoting rigorous and impactful academic research on sustainable finance.
BMO GAM remains committed to addressing climate issues, and Ben’s appointment follows the announcement in December 2020 that it was one of the 30 founding asset managers, representing over $9 trillion in assets under management, to the Net Zero Asset Managers Initiative. As part of the initiative, BMO GAM has committed to supporting the goal of net zero greenhouse gas emissions across its investment portfolios by 2050 or sooner, in line with global efforts to limit warming to 1.5°C.
Commenting on Ben’s appointment, Kristi Mitchem, CEO of BMO Global Asset Management, said: “We are delighted to welcome Ben to BMO GAM’s Responsible Investment Advisory Council. His insights into the role finance can play in addressing critical sustainability issues will complement the existing Council members, and we look forward to drawing on his expertise. Asset managers have a unique and critical role to play in addressing climate risk, and we remain committed to challenging and expanding our knowledge in support of the transition to net zero.”
Ben Caldecott added: “The allocation of capital is a key lever in speeding up the transition to environmental sustainability. BMO Global Asset Management has a long heritage in responsible investment and I am excited at the prospect of being part of the Council’s endeavours.”