We seek to drive targeted improvement, focusing on how companies address ESG risks, opportunities and impacts. Constructive and informed engagement with companies is a critical component of our approach. For over 20 years, BMO has been an active owner, which plays a major role in allowing us to be better stewards of our clients’ assets.
Engagement is structured around the SDGs and their underlying targets. To engage effectively we strive to understand the company’s corporate strategy, culture and the materiality of ESG factors.
We believe that the best way to achieve our engagement goals is by constructive dialogue with key decision makers on the most relevant ESG issues to each company, in order to drive improvement. Close collaboration between the Global Equities and Responsible Investment teams is at the heart of successful engagement.
We have also developed an online engagement database for over 12,500 companies, allowing us to log interactions, progress and results, which we can do at an SDG target level.