“Asset managers have a unique and critical role to play in the transition to global net zero emissions. We look forward to building partnerships both with our asset owner clients, and with the companies we invest in, to move together on the journey to making this a long-term shared goal.”
Kristi Mitchem, CEO, BMO Global Asset Management
What about financial returns?
Maximising our clients’ long-term risk-adjusted financial returns remains our objective. We have long believed that the consideration of ESG issues is supportive of this objective, by helping us to better identify risks and opportunities. In the case of climate change, the systemic financial risks associated with unabated climate change are becoming ever more apparent, and the adoption of net zero goals by governments and corporates is rapidly gaining momentum. In this context, we believe that supporting net zero-aligned investing makes sound long-term financial sense for our clients, but as a client-focused asset manager will ensure that any changes we make are fully consistent with the mandates we have with them, as well as with local regulations.
“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
Get to know the author
Vicki Bakhshi has worked at BMO GAM since 2006, focusing on climate change engagement and strategy. Prior to BMO, she worked in the UK Prime Minister’s office advising on climate change. Outside of work she enjoys trail running, and spending time with her two boys.