BMO GAM pledges to manage 12% of its assets in line with net zero goals

Fund manager discloses net zero methodology

BMO Global Asset Management has joined forces with other major asset managers and disclosed its net zero targets as the COP26 climate summit in Glasgow enters its second day.

The fund manager said on Monday (1 November) that 12% of its assets under management will be managed in line with net zero principles, representing half of its active equity exposure. Although BMO GAM stated that it will expand the proportion of its assets in line with net zero goals in the future, it did not state a specific timeline. However, the firm reiterated its intention to implement net zero across all AUM. To do so, BMO GAM has constructed a net zero methodology that's based on the Net Zero Investment Framework developed by the Paris Aligned Investment Initiative. Candr...