BMO Global Asset Management (GAM) says it has become a signatory of the United Nations-supported Principles for Responsible Investment Initiative (UNPRI).
The UNPRI is a global network of investors, including asset owners, investment managers and service providers, working together to put principles of responsible investing into practice. It is a framework designed to encourage sustainable investing through integration of Environmental, Social and Governance (ESG) issues in investment decision-making and ownership practices.
BMO GAM joins the recently acquired F&C Asset Management plc as a signatory of the initiative.
“F&C was one of the founders of UNPRI when it was established in 2006, and we are proud to join them and formally recognize our focus on sustainable decision-making and investing,” said Barry McInerney, Co-CEO, BMO GAM.
“Over the last few years BMO Global Asset Management has grown considerably, expanding our footprint in key regions such as Europe, Asia and Australia. Increasingly, our clients, regardless of where they live, expect us to act in a globally responsible manner. Being a signatory to UNPRI helps us achieve this.”
“Global firms such as ours have a duty to ensure we are aligned with principles that consider the impact decisions have on the greater good,” said Rajiv Silgardo, Co-CEO, BMO GAM. “In joining this initiative, BMO Global Asset Management is committing to abiding by the principles of responsible investing and integrating them into our practices.”