Discussion sur l'investissement durable et l’allocation du capital
- Courriel
-
Signet
-
Imprimer
John Graham, d’Investissements RPC, s'est joint à Darryl White, chef de la direction de BMO Groupe financier, lors de la Conférence de Toronto du Forum économique international des Amériques de cette année. À la tête de l'une des plus grandes caisses de retraite au monde, rares sont les leaders mieux placés pour discuter de l'investissement durable et de l’allocation du capital dans le contexte de la transition énergétique mondiale.
Le point de vue de M. Graham sur la nécessité de respecter le pilier social de l’ESG a été un rappel puissant de l'équilibre complexe que tous les pays, toutes les entreprises et toutes les collectivités doivent trouver sur la voie d'un avenir carboneutre.
Disponible en anglais seulement.
Darryl White:
Hello everyone and welcome back. I'm here having the privilege to lead an amazing team at BMO Financial Group and an even greater privilege to host John Graham, who is the President and CEO at CPP Investments. A little bit about CPP and a little bit about John. CPP Investment plan is among the 20 largest investment funds in the world. They manage more than $500 billion of assets at arm's length from provincial and federal governments. They provide the foundation for 20 million Canadians to contribute and be beneficiaries to their futures and their financial security and retirement. John, a little bit about John.
John was appointed President and CEO in February, I think, of this year. John's got an amazing background. Prior to that, he spent a decade helping shape and execute CPP's strategy and holds an MBA from the University of Toronto and a Ph.D. in Chemistry from the University of Western Ontario.
Before CPP, John spent a lot of time, I think a decade plus, as a research analyst, in fact. And so the science meets the investing audience real time right here with John. Now, this conference is themed 'Redefining Prosperity', and this particular panel is around sustainable investments and capital allocation. So I can't think of actually a better person in this country and maybe not on the planet that we could have this conversation with around sustainable investing and capital allocation. So why don't we start there?
John, you have been quoted as saying that 'climate change is the defining issue of our time.' You've alsosaid that fossil fuel divestment is short on human ingenuity. Talk to us a little bit about how you make the connection between sustainability on your agenda, the accountability and the responsibilities that you have to the members of your plan, and also - this a really, really hard question - also, the
implications for Canada's economy as we think about how we put all this together over the next 20 or 30 years.
John Graham:
Well thanks, Darryl, and thanks for the kind words. There's a lot in that question. And maybe I'll start with a comment on divestment or blanket divestment is a short on human ingenuity, and I'm sure we'll talk more about this later in the session. But one of our principles at CPP Investments is that, blanket divestment is not part of a responsible transition. And we do believe in continuing to invest across the entire economy. Across the entire energy spectrum. And a belief that all players in the economy are going to contribute towards the solution - as we transition to net zero - which we do believe we will. We do believe we will transition to net zero.
But maybe I'll start with who we are as an organization and CPP investments, as you mentioned, we have a single mandate and that's to maximize return without undue risk of loss. And we're here to contribute to the financial security of 20 million Canadians, and that's really what we come in every day to think about.
Climate change is one of the biggest challenges that we face and the planet faces over the next few decades. We've thought a lot about it and we've thought a lot about how it fits with our mandate and how it fits with CPP Investments. And we spent a lot of time thinking about the risks, spent a lot of time thinking about how do we manage our portfolio, how do we manage the transition risk? How do we manage the physical risk in the portfolio? But we've also started to very much come to the view that this is a huge investment opportunity.
We've seen the numbers. It may take 50, 60, $70 trillion for the global economy...
Darryl White:
Some think more.
John Graham:
Some think more, maybe 100 trillion. And whatever it is, it's a big number to transition the global economy. And it's not - every company's got to transition. The consumer has to transition. And therein lies a huge investment opportunity for patient capital, for partnership driven capital, for long duration capital. That's the capital CPP Investments has. So we're seeing this as the next ten years, a tremendous opportunity and really fitting with our investment mandate. We can be an investor in the entire economy, from conventional energy to renewable energy to industrial companies and be a partner as these companies transition.
And getting back to me and my quote, on short on human ingenuity and sometimes necessity is the mother of all invention. You mentioned I had a background in science. I know a lot of people from my technical days who work in the energy sector. Some brilliant people who work in the in the energy sector, and we're seeing some amazing examples of innovation, some amazing examples of technology coming out of Canadian companies to help with this energy transition.
Darryl White:
Legacy energy companies and new ingenuity and startups.
John Graham:
Exactly. We have a company in our portfolio called Wolf Midstream. It's a company that we seeded and we founded. And they are a conventional midstream company. And they are the owner operator of the Access Pipeline in Alberta. They're also one of the developers and operators of Canada's largest carbon capture and sequestration pipeline: The Alberta Carbon Trunk Line. So they've taken that engineering knowhow and applied it to carbon capture.
And so we see this as an opportunity, and talk about Canada, as an opportunity to actually be a leader and take some of this engineering knowhow, engineering know how in the conventional energy space, and apply it to the energy transition.
Darryl White:
You know, as I listen to you... Canada's legacy in energy to date, is that we've had amazing engineering knowhow. We've actually got one of the best ESG track records on the planet from the perspective of comparability. And it sounds to me like your perspective is we have to take advantage of all that, not turn our backs on that and use that as an asset to win in the transition. Do you think we can actually be a leader in the world if we're able to do that?
John Graham:
Certainly I think Canada can be a leader and on the sustainability side, and one of the quotes we say now is that 'sustainability is the new digital.' It's a quote that's out there and this is where there's going to be real investment opportunities. But one of the differences between digital and sustainability sustainability requires scale, requires capital. It's not going to be solved in somebody's garage. It's going to be solved at a large scale with engineering knowhow. Canada has a long track record of that.
Darryl White:
I think you're right. I think you're right. Let's go to the social issues. There is a recent investor conference where Steve Schwarzman of Blackstone said that the world is facing such energy shortages that the outcome of that could be social unrest, particularly with some commodities in the commodity complex at or near all time highs. How do you think this crisis will impact the ability for folks like you to invest in the transition and address issues like these that are pretty profound if he's right?
John Graham:
Yeah, it's a it's a great question and is a little bit about my opening remark around a responsible transition. We think about sustainability... 'E', 'S' and 'G'. And we do need to make sure that we don't hammer so hard on the 'E' that the 'S' pops up and becomes an equally big problem. We can't drive hundreds of millions of people into poverty and within the developed market have some
- a really different experience for people where you have some who don't have the same means paying a disproportionate amount for this transition. So we need to be thoughtful. It's a complex issue, requires a complex solution.
As an investor, we take into consideration 'E', 'S' and 'G'. It's not just 'E'. It's thinking, what are the knock on effects? What are the unintended consequences into 'S', which goes back to why we think we need to invest in the economy transition... and invest in the economy transition in a thoughtful way.
Darryl White:
It's a pretty cool flywheel when you think about it that way. So if we bring it back to Canada for a second, because this is, you know, this is a global challenge, it's hugely complicated. It's complicated here in Canada as well for some of the reasons we've discussed. Let's talk about the ecosystem a little bit. As you and I sit here as participants in the financial system, how should we think about the need for connectivity, leverage cooperation as between governments, the financial intermediaries or principals, corporates and other parts of that ecosystem here, here in this country in particular?
John Graham:
Yeah, it's a good question and a couple of comments. Getting back to scale. This is a scale problem. This is a scale issue and the solution will be one of scale. So that by definition will require cooperation. By definition will require some coordination. We as an investor - as I mentioned when I began - we have an investment only mandate and we're here to drive investment returns for our contributors and beneficiaries.
But we are going to and we have been taking a very engaged approach, engaging with also sharing our perspective. This is what will make this a good investment. This is what has to be done to attract capital, not just from Canada, but from around the world. So it will require coordination and it will require cooperation.
Darryl White:
Yeah. And by the way, I'm with you 100%. I know you're supposed to be answering the questions here, but I have a point of view, which is shared. I think that we frankly - I think we have a long way to go on the amount of cooperation we could have in that sort of triangle as between the government bodies, the corporate entities, the financial system, and you might even put academia and science in the middle of that. All of that. I think that there's a huge opportunity and I think that there's a lot more, frankly, that we can all do.
I'm going to kind of pull the lens a little bit further back. We've talked a lot about sustainability so far, but we're also talking about capital deployment, broadly speaking. So as you look at the planet, you guys are investors all over the world. Are there particular countries or regions or themes that you're thinking about geographically right now? And is there anything that Canadians could learn from your experiences around the world? What do you how do you how do you see the opportunities globally, sustainability or otherwise, at this point?
John Graham:
Yeah. Yeah. One of the things that I do firmly believe that for CPP Investments, our asset bases is growing and continuing to grow and to prudently invest the assets, we need to be a global investor. We need to have the capabilities, the relationships, the infrastructure to be a global investor. And this is for a few reasons.
Darryl White:
And I'm sorry to interrupt you. You very much are, right? For a portion of the audience who may not know a pretty significant share of your asset portfolio is outside of Canada.
John Graham:
Yeah, as of today, 85 percent of our assets are outside of Canada. And we do have, really a quite diverse portfolio in Asia, U.S., Latin America, Europe. So we are very global. We have nine offices around the globe. So we have regional representation in Asia, Europe, Latin America. And we feel this is important - as an investor, one, it provides diversification, provides diversification, and we really saw the benefit of that over the past two years. We saw a real divergence in how economies perform, especially during some of the early days of COVID, and that diversification was a real benefit to us -
Darryl White:
By asset class and geography?
John Graham:
Starting with geography. Yeah. And then with asset class, too. Somewhat. It also broadens the opportunity set and it - which provides greater opportunities for value added. So we will continue to build out our global capabilities. And with respect to where we're seeing the real opportunities, it's actually very asset class specific... And it really is asset class specific. As I look through our groups and look at where they're active.
I mean, we continue to see a huge amount of activity in the U.S. The private equity market right now in the U.S. is incredibly active and probably the most active we've seen it in years. Our credit team is actually being quite active over in Asia and Europe right now and seeing some good opportunities over there.
But maybe I'll a couple of minutes on emerging markets and we have been, I would say a leader, in investing in emerging markets and building out our capabilities in emerging markets. And part of that is for the same reason around diversification. And emerging markets is a term that sometimes - it maybe seems almost a little antiquated at times because I think of it is from a GDP perspective. We want to be able to invest in the biggest countries in the world.
China, which is an emerging market, is the second biggest economy of the world. May very well be the biggest economy in the world. And so we are continuing to look at China, look at India, look at Latin America... again with the belief that, we want to tap into global growth and we want to tap into these markets that are going to continue to grow.
Darryl White:
Yeah, I heard someone say once there are no small countries, there are only small markets. And there are growth rates in small markets that can be pretty attractive for all of us, if you do it - if you do it right.
John, this has been fantastic. Thank you for taking the time to do this today. I think that the audience members will recognize that John isn't only a great Canadian, but the conversation around sustainability and capital allocation - we have embodied in John the scientist meets the financier - and thinks about these things really, really deeply, as does all of your team at CPP Investments, starting with how you get a return. As you pointed out, you have a single mandate, but the implications of your mandate are far broader than that, and I think that the template is actually one for a lot of people to think about.
You may have half a trillion dollars that people and trust you with today, but when that's another half a trillion dollars, it sure isn't all going to be invested in Canada. And it sure isn't all going to be invested in one space, so the diversification is really exciting, and I think that's a great lesson for all of us as we think about how we put together that cooperation as between the various sectors because it's just, it's just so, so important.
So thank you. Thank you for doing this today.
John Graham:
Thank you. It's a pleasure.
Discussion sur l'investissement durable et l’allocation du capital
Chef de la direction, BMO Groupe financier
Darryl White est chef de la direction de BMO, la huitième banque en importance pour son actif en Amérique du Nord servant plus de 13 million…
Darryl White est chef de la direction de BMO, la huitième banque en importance pour son actif en Amérique du Nord servant plus de 13 million…
VOIR LE PROFIL COMPLET- Temps de lecture
- Écouter Arrêter
- Agrandir | Réduire le texte
John Graham, d’Investissements RPC, s'est joint à Darryl White, chef de la direction de BMO Groupe financier, lors de la Conférence de Toronto du Forum économique international des Amériques de cette année. À la tête de l'une des plus grandes caisses de retraite au monde, rares sont les leaders mieux placés pour discuter de l'investissement durable et de l’allocation du capital dans le contexte de la transition énergétique mondiale.
Le point de vue de M. Graham sur la nécessité de respecter le pilier social de l’ESG a été un rappel puissant de l'équilibre complexe que tous les pays, toutes les entreprises et toutes les collectivités doivent trouver sur la voie d'un avenir carboneutre.
Disponible en anglais seulement.
Darryl White:
Hello everyone and welcome back. I'm here having the privilege to lead an amazing team at BMO Financial Group and an even greater privilege to host John Graham, who is the President and CEO at CPP Investments. A little bit about CPP and a little bit about John. CPP Investment plan is among the 20 largest investment funds in the world. They manage more than $500 billion of assets at arm's length from provincial and federal governments. They provide the foundation for 20 million Canadians to contribute and be beneficiaries to their futures and their financial security and retirement. John, a little bit about John.
John was appointed President and CEO in February, I think, of this year. John's got an amazing background. Prior to that, he spent a decade helping shape and execute CPP's strategy and holds an MBA from the University of Toronto and a Ph.D. in Chemistry from the University of Western Ontario.
Before CPP, John spent a lot of time, I think a decade plus, as a research analyst, in fact. And so the science meets the investing audience real time right here with John. Now, this conference is themed 'Redefining Prosperity', and this particular panel is around sustainable investments and capital allocation. So I can't think of actually a better person in this country and maybe not on the planet that we could have this conversation with around sustainable investing and capital allocation. So why don't we start there?
John, you have been quoted as saying that 'climate change is the defining issue of our time.' You've alsosaid that fossil fuel divestment is short on human ingenuity. Talk to us a little bit about how you make the connection between sustainability on your agenda, the accountability and the responsibilities that you have to the members of your plan, and also - this a really, really hard question - also, the
implications for Canada's economy as we think about how we put all this together over the next 20 or 30 years.
John Graham:
Well thanks, Darryl, and thanks for the kind words. There's a lot in that question. And maybe I'll start with a comment on divestment or blanket divestment is a short on human ingenuity, and I'm sure we'll talk more about this later in the session. But one of our principles at CPP Investments is that, blanket divestment is not part of a responsible transition. And we do believe in continuing to invest across the entire economy. Across the entire energy spectrum. And a belief that all players in the economy are going to contribute towards the solution - as we transition to net zero - which we do believe we will. We do believe we will transition to net zero.
But maybe I'll start with who we are as an organization and CPP investments, as you mentioned, we have a single mandate and that's to maximize return without undue risk of loss. And we're here to contribute to the financial security of 20 million Canadians, and that's really what we come in every day to think about.
Climate change is one of the biggest challenges that we face and the planet faces over the next few decades. We've thought a lot about it and we've thought a lot about how it fits with our mandate and how it fits with CPP Investments. And we spent a lot of time thinking about the risks, spent a lot of time thinking about how do we manage our portfolio, how do we manage the transition risk? How do we manage the physical risk in the portfolio? But we've also started to very much come to the view that this is a huge investment opportunity.
We've seen the numbers. It may take 50, 60, $70 trillion for the global economy...
Darryl White:
Some think more.
John Graham:
Some think more, maybe 100 trillion. And whatever it is, it's a big number to transition the global economy. And it's not - every company's got to transition. The consumer has to transition. And therein lies a huge investment opportunity for patient capital, for partnership driven capital, for long duration capital. That's the capital CPP Investments has. So we're seeing this as the next ten years, a tremendous opportunity and really fitting with our investment mandate. We can be an investor in the entire economy, from conventional energy to renewable energy to industrial companies and be a partner as these companies transition.
And getting back to me and my quote, on short on human ingenuity and sometimes necessity is the mother of all invention. You mentioned I had a background in science. I know a lot of people from my technical days who work in the energy sector. Some brilliant people who work in the in the energy sector, and we're seeing some amazing examples of innovation, some amazing examples of technology coming out of Canadian companies to help with this energy transition.
Darryl White:
Legacy energy companies and new ingenuity and startups.
John Graham:
Exactly. We have a company in our portfolio called Wolf Midstream. It's a company that we seeded and we founded. And they are a conventional midstream company. And they are the owner operator of the Access Pipeline in Alberta. They're also one of the developers and operators of Canada's largest carbon capture and sequestration pipeline: The Alberta Carbon Trunk Line. So they've taken that engineering knowhow and applied it to carbon capture.
And so we see this as an opportunity, and talk about Canada, as an opportunity to actually be a leader and take some of this engineering knowhow, engineering know how in the conventional energy space, and apply it to the energy transition.
Darryl White:
You know, as I listen to you... Canada's legacy in energy to date, is that we've had amazing engineering knowhow. We've actually got one of the best ESG track records on the planet from the perspective of comparability. And it sounds to me like your perspective is we have to take advantage of all that, not turn our backs on that and use that as an asset to win in the transition. Do you think we can actually be a leader in the world if we're able to do that?
John Graham:
Certainly I think Canada can be a leader and on the sustainability side, and one of the quotes we say now is that 'sustainability is the new digital.' It's a quote that's out there and this is where there's going to be real investment opportunities. But one of the differences between digital and sustainability sustainability requires scale, requires capital. It's not going to be solved in somebody's garage. It's going to be solved at a large scale with engineering knowhow. Canada has a long track record of that.
Darryl White:
I think you're right. I think you're right. Let's go to the social issues. There is a recent investor conference where Steve Schwarzman of Blackstone said that the world is facing such energy shortages that the outcome of that could be social unrest, particularly with some commodities in the commodity complex at or near all time highs. How do you think this crisis will impact the ability for folks like you to invest in the transition and address issues like these that are pretty profound if he's right?
John Graham:
Yeah, it's a it's a great question and is a little bit about my opening remark around a responsible transition. We think about sustainability... 'E', 'S' and 'G'. And we do need to make sure that we don't hammer so hard on the 'E' that the 'S' pops up and becomes an equally big problem. We can't drive hundreds of millions of people into poverty and within the developed market have some
- a really different experience for people where you have some who don't have the same means paying a disproportionate amount for this transition. So we need to be thoughtful. It's a complex issue, requires a complex solution.
As an investor, we take into consideration 'E', 'S' and 'G'. It's not just 'E'. It's thinking, what are the knock on effects? What are the unintended consequences into 'S', which goes back to why we think we need to invest in the economy transition... and invest in the economy transition in a thoughtful way.
Darryl White:
It's a pretty cool flywheel when you think about it that way. So if we bring it back to Canada for a second, because this is, you know, this is a global challenge, it's hugely complicated. It's complicated here in Canada as well for some of the reasons we've discussed. Let's talk about the ecosystem a little bit. As you and I sit here as participants in the financial system, how should we think about the need for connectivity, leverage cooperation as between governments, the financial intermediaries or principals, corporates and other parts of that ecosystem here, here in this country in particular?
John Graham:
Yeah, it's a good question and a couple of comments. Getting back to scale. This is a scale problem. This is a scale issue and the solution will be one of scale. So that by definition will require cooperation. By definition will require some coordination. We as an investor - as I mentioned when I began - we have an investment only mandate and we're here to drive investment returns for our contributors and beneficiaries.
But we are going to and we have been taking a very engaged approach, engaging with also sharing our perspective. This is what will make this a good investment. This is what has to be done to attract capital, not just from Canada, but from around the world. So it will require coordination and it will require cooperation.
Darryl White:
Yeah. And by the way, I'm with you 100%. I know you're supposed to be answering the questions here, but I have a point of view, which is shared. I think that we frankly - I think we have a long way to go on the amount of cooperation we could have in that sort of triangle as between the government bodies, the corporate entities, the financial system, and you might even put academia and science in the middle of that. All of that. I think that there's a huge opportunity and I think that there's a lot more, frankly, that we can all do.
I'm going to kind of pull the lens a little bit further back. We've talked a lot about sustainability so far, but we're also talking about capital deployment, broadly speaking. So as you look at the planet, you guys are investors all over the world. Are there particular countries or regions or themes that you're thinking about geographically right now? And is there anything that Canadians could learn from your experiences around the world? What do you how do you how do you see the opportunities globally, sustainability or otherwise, at this point?
John Graham:
Yeah. Yeah. One of the things that I do firmly believe that for CPP Investments, our asset bases is growing and continuing to grow and to prudently invest the assets, we need to be a global investor. We need to have the capabilities, the relationships, the infrastructure to be a global investor. And this is for a few reasons.
Darryl White:
And I'm sorry to interrupt you. You very much are, right? For a portion of the audience who may not know a pretty significant share of your asset portfolio is outside of Canada.
John Graham:
Yeah, as of today, 85 percent of our assets are outside of Canada. And we do have, really a quite diverse portfolio in Asia, U.S., Latin America, Europe. So we are very global. We have nine offices around the globe. So we have regional representation in Asia, Europe, Latin America. And we feel this is important - as an investor, one, it provides diversification, provides diversification, and we really saw the benefit of that over the past two years. We saw a real divergence in how economies perform, especially during some of the early days of COVID, and that diversification was a real benefit to us -
Darryl White:
By asset class and geography?
John Graham:
Starting with geography. Yeah. And then with asset class, too. Somewhat. It also broadens the opportunity set and it - which provides greater opportunities for value added. So we will continue to build out our global capabilities. And with respect to where we're seeing the real opportunities, it's actually very asset class specific... And it really is asset class specific. As I look through our groups and look at where they're active.
I mean, we continue to see a huge amount of activity in the U.S. The private equity market right now in the U.S. is incredibly active and probably the most active we've seen it in years. Our credit team is actually being quite active over in Asia and Europe right now and seeing some good opportunities over there.
But maybe I'll a couple of minutes on emerging markets and we have been, I would say a leader, in investing in emerging markets and building out our capabilities in emerging markets. And part of that is for the same reason around diversification. And emerging markets is a term that sometimes - it maybe seems almost a little antiquated at times because I think of it is from a GDP perspective. We want to be able to invest in the biggest countries in the world.
China, which is an emerging market, is the second biggest economy of the world. May very well be the biggest economy in the world. And so we are continuing to look at China, look at India, look at Latin America... again with the belief that, we want to tap into global growth and we want to tap into these markets that are going to continue to grow.
Darryl White:
Yeah, I heard someone say once there are no small countries, there are only small markets. And there are growth rates in small markets that can be pretty attractive for all of us, if you do it - if you do it right.
John, this has been fantastic. Thank you for taking the time to do this today. I think that the audience members will recognize that John isn't only a great Canadian, but the conversation around sustainability and capital allocation - we have embodied in John the scientist meets the financier - and thinks about these things really, really deeply, as does all of your team at CPP Investments, starting with how you get a return. As you pointed out, you have a single mandate, but the implications of your mandate are far broader than that, and I think that the template is actually one for a lot of people to think about.
You may have half a trillion dollars that people and trust you with today, but when that's another half a trillion dollars, it sure isn't all going to be invested in Canada. And it sure isn't all going to be invested in one space, so the diversification is really exciting, and I think that's a great lesson for all of us as we think about how we put together that cooperation as between the various sectors because it's just, it's just so, so important.
So thank you. Thank you for doing this today.
John Graham:
Thank you. It's a pleasure.
Autre contenu intéressant
L’aspect économique de l’élimination du carbone : un entretien avec Deep Sky
Comment les entreprises peuvent s’y retrouver dans le cadre de la politique climatique du Canada
Une première dans l'Ouest canadien : Avenue Living tire parti du programme d'amélioration écoénergétique de BMO pour ajouter 179 nouveaux logements locatifs dans le centre-ville d'Edmonton
Le coût des plans d’action des entreprises en matière de climat
Risque climatique : changements réglementaires à surveiller en 2024
Comment la NASA et IBM utilisent les données géospatiales et l’intelligence artificielle pour analyser les risques climatiques
L’obligation de publier de l’information sur les facteurs ESG est le signe d’un marché arrivé à maturité
BMO organise un financement vert pour financer le nouveau Lawson Centre for Sustainability, la construction la plus importante de Trinity College depuis un siècle
BMO se classe parmi les sociétés les plus durables d'Amérique du Nord selon les indices de durabilité Dow Jones
Le Canada a l’occasion de devenir un chef de file mondial de l’élimination du dioxyde de carbone
Un plus grand nombre d’entreprises ont des plans pour lutter contre les changements climatiques en raison de l’importance croissante qu’ils revêtent sur leurs activités : Résultats du sondage
Selon un sondage réalisé par l'Institut pour le climat de BMO auprès des chefs d'entreprise, près de la moitié des chefs d'entreprise des États-Unis et du Canada croient que les changements climatique
L’électrification constitue une occasion unique dans le cadre de la transition énergétique
Le soutien du secteur de l’énergie dans l’atteinte des objectifs de décarbonisation du Canada
Questions et réponses : comment transformer les défis économiques en possibilités
Trois idées inspirées de la Semaine du climat pour passer à l’action à la COP28
Transformer le système alimentaire mondial au bénéfice des investisseurs et de la planète
Pourquoi les entreprises doivent accélérer leurs efforts pour lutter contre les changements climatiques
Du caractère essentiel du financement pour doper les technologies d’élimination du carbone
BMO Donates $3 Million to GRID Alternatives to Provide Solar Energy Solutions for Low-Income Families
Banco do Brasil and BMO Financial Group to Introduce First-of-its-Kind Program to Provide Sustainability-Linked Trade Loans Supporting Brazilian Exporters
Comment les investissements dans le captage du carbone peuvent générer des crédits carbone
BMO fournit un nouveau produit innovant, le dépôt lié à la durabilité, à Zurn Elkay Water Solutions
Quick Listen: Michael Torrance on Empowering Your Organization to Operationalize Sustainability
BMO seule grande banque nommée au palmarès des 50 meilleures entreprises citoyennes au Canada
Un investissement rentable : la rénovation comme moyen d’atteindre la carboneutralité
Évolution du marché du carbone : ce qu’en pensent les principaux acteurs
BMO et Bell Canada mettent en œuvre un produit dérivé innovant lié à la durabilité et à des objectifs ambitieux de réduction des émissions de gaz à effet de serre
BMO fait partie d'un groupe convoqué par l'ONU qui conseille les banques mondiales sur l'établissement d'objectifs liés à la nature
Les chefs de file de l’investissement intensifient leurs efforts en vue d’atteindre l’objectif net zéro
Favoriser les innovations technologiques pour renforcer la résilience face aux changements climatiques
BMO célèbre le Jour de la Terre avec la 3e édition annuelle du programme Des transactions qui font pousser des arbres dans ses salles des marchés mondiaux
BMO Donates $2 Million to the University of Saskatchewan to Accelerate Research Critical to the Future of Food
Le temps presse pour les solutions au changement climatique - Sommet Canada-États-Unis
North America’s Critical Minerals Advantage: Deep Dive on Community Engagement
Réchauffement climatique : le GIEC lance son dernier avertissement de la décennie
Explorer les risques et les possibilités associés aux notations ESG dans le secteur minier
La confiance est la denrée la plus précieuse : Message de l’ICMM à la Conférence mondiale sur les mines, métaux et minéraux critiques de BMO
Les légendes du roc réfléchissent aux réussites et aux échecs de l’industrie minière lors de la Conférence mondiale sur les mines, métaux et minéraux critiques
Exploration des avantages de l’extraction de minéraux critiques en Amérique du Nord dans le cadre de la Conférence mondiale sur les mines, métaux et minéraux critiques
BMO Experts at our 32nd Global Metals, Mining & Critical Minerals Conference
Evolving Mining for a Sustainable Energy Transition: ICMM CEO Rohitesh Dhawan in Conversation
BMO Equity Research on BMO Radicle and the World of Carbon Credits
Public Policy and the Energy Transition: Howard Learner in Conversation
Taskforce on Nature-Related Financial Disclosure (TNFD) – A Plan for Integrating Nature into Business
Points à retenir du sondage sur le climat des petites et moyennes entreprises réalisé par l’Institut pour le climat de BMO
BMO nommée banque la plus durable d'Amérique du Nord par Corporate Knights pour la quatrième année d'affilée
Le financement vert du nucléaire : nouvelle frontière de la transition énergétique?
Assurer l’avenir des approvisionnements alimentaires : le rôle de l’Amérique du Nord
BMO s'est classé parmi les entreprises les plus durables en Amérique du Nord selon les indices de durabilité Dow Jones
Un sondage de l'Institut pour le climat de BMO révèle que les coûts et les priorités concurrentes ralentissent l'action climatique des petites et moyennes entreprises
Gérer et monétiser votre transition vers un monde carboneutre avec BMO et Radicle
BMO est l'institution financière la mieux classée selon le Global Sustainability Benchmark, le nouvel indice de référence mondial du développement durable annoncé lors de la COP 27
COP27 : Les problèmes de sécurité énergétique et l’incertitude économique ralentiront-t-ils la transition climatique?
BMO investira dans les crédits compensatoires de carbone novateurs de CarbonCure pour stocker du CO₂ de façon permanente
Financement commercial : vers le développement durable, une entreprise à la fois
RoadMap Project: An Indigenous-led Paradigm Shift for Economic Reconciliation
Une première canadienne : BMO et l'Université Concordia s'unissent pour un avenir durable grâce à un prêt innovant lié à la durabilité
Intégration des facteurs ESG dans les petites et moyennes entreprises : Conférence de Montréal
BMO entend racheter Radicle Group Inc., un chef de file des services environnementaux situé à Calgary
Investment Opportunities for a Net-Zero Economy: A Conversation at the Milken Institute Global Conference
S’ajuster face aux changements climatiques : l’Institut pour le climat de BMO
How Hope, Grit, and a Hospital Network Saved Maverix Private Capital Founder John Ruffolo
Hydrogen’s Role in the Energy Transition: Matt Fairley in Conversation
Key Takeaways on Ag, Food, Fertilizer & ESG from BMO’s Farm to Market Conference
Les risques physiques et liés à la transition auxquels font face l’alimentation et l’agriculture
Building an ESG Business Case in the Food Sector: The Food Institute
Aller de l’avant en matière de transition énergétique : Darryl White s’adresse aux gestionnaires de réserves et d’actifs mondiaux
BMO et EDC annoncent une collaboration pour présenter des solutions de financement durable aux entreprises canadiennes
Refonte au Canada pour un monde carboneutre : Conversation avec Corey Diamond d’Efficacité énergétique Canada
The Role of Hydrogen in the Energy Transition: FuelCell Energy CEO Jason Few in Conversation
BMO est fier de soutenir la première transaction d'obligations vertes du gouvernement du Canada en tant que cochef de file
Article d’opinion: Le Canada peut être un leader en matière de sécurité énergétique
Les mesures prises par le gouvernement peuvent contribuer à stimuler la construction domiciliaire afin de remédier à la pénurie de logements au Canada
Tackling Climate Change in Metals and Mining: ICMM CEO Rohitesh Dhawan in Conversation
La circulaire de sollicitation de procurations et les rapports sur la durabilité 2021 de BMO sont maintenant disponibles
Why Changing Behaviour is Key to a Low Carbon Future – Dan Barclay
BMO lance le programme Services aux entreprises à portée de main - BMO pour les entrepreneurs noirs et annonce un engagement de 100 millions de dollars en prêts pour aider les entrepreneurs noirs à dé
The Post 2020 Biodiversity Framework – A Discussion with Basile Van Havre
BMO annonce son intention de se joindre au programme Catalyst de Breakthrough Energy pour accélérer l'innovation climatique
BMO Groupe financier nommé banque la plus durable en Amérique du Nord pour la troisième année d'affilée
Using Geospatial Big Data for Climate, Finance and Sustainability
Atténuer les répercussions des changements climatiques sur les actifs physiques par la finance spatiale
BMO aide Boralex à aller Au-delà des énergies renouvelables en transformant sa facilité de crédit en un prêt lié au développement durable
Première mondiale : BMO soutient Bruce Power avec le premier cadre de financement vert du secteur nucléaire au monde
BMO se classe parmi les entreprises les plus durables au monde, selon les indices de durabilité Dow Jones
COP26 : Pourquoi les entreprises doivent assumer leur responsabilité sociale
The Future of Remote Work and Diversity in the Asset Management Industry
Changer les comportements est essentiel pour assurer un avenir à faible émission de carbone – Table ronde Milken
BMO aide Teck Resources à progresser vers ses objectifs ESG avec un prêt lié à la durabilité
Première dans le secteur des métaux et des mines en Amérique du Nord : BMO aide Sandstorm Gold Royalties à atteindre ses objectifs ESG grâce à un prêt lié à la durabilité
Éducation, emploi et autonomie économique : BMO publie Wîcihitowin ᐑᒋᐦᐃᑐᐏᐣ, son premier Rapport sur les partenariats et les progrès en matière autochtone annuel
BMO annonce un engagement de financement de 12 milliards de dollars pour le logement abordable au Canada
BMO appuie la candidature du Canada pour accueillir le siège du Conseil des normes internationales d'information sur la durabilité
In support of Canada’s bid to host the headquarters of the International Sustainability Standards Board
Investing in Real Estate Sustainability with Bright Power Inc.
BMO nommé au classement des 50 meilleures entreprises citoyennes au Canada de Corporate Knights
ESG From Farm to Fork: Doing Well by Doing Good
L’appétit croissant pour l’investissement dans un but précis dans les valeurs à revenu fixe par Magali Gable
Banques centrales, changements climatiques et leadership : Forum annuel destiné aux femmes œuvrant dans le secteur des titres à revenu fixe, devises et produits de base
BMO met sur pied une nouvelle équipe innovatrice pour la transition énergétique
Première nord-américaine : BMO aide Gibson Energy à transformer entièrement une facilité de crédit en un prêt lié à la durabilité
Le programme Des transactions qui font pousser des arbres permettra d’en planter 100 000
Les arbres issus des métiers bénéficient d'un marché obligataire ESG solide
Understanding Biodiversity Management: Best Practices and Innovation
The Changing Face of Sustainability: tentree for a Greener Planet
Favoriser des résultats durables : le premier prêt vert offert au Canada
Episode 29: What 20 Years of ESG Engagement Can Teach Us About the Future
Rapport sur les perspectives de 2021 de BMO Gestion mondiale d'actifs : des jours meilleurs à venir
Episode 28: Bloomberg: Enhancing ESG Disclosure through Data-Driven Solutions
Comment Repérer L’écoblanchiment Et Trouver Un Partenaire Qui Vous Convient
BMO se classe parmi les entreprises les plus durables selon l'indice de durabilité Dow Jones - Amérique du Nord
Episode 27: Preventing The Antimicrobial Resistance Health Crisis
BMO investit dans un avenir durable grâce à un don d’un million de dollars à l’Institute for Sustainable Finance
BMO Groupe financier franchit une étape clé en faisant correspondre 100 pour cent de sa consommation d'électricité avec des énergies renouvelables
BMO Groupe financier reconnu comme l'une des sociétés les mieux gérées de manière durable au monde dans le nouveau classement du Wall Street Journal
Episode 23: TC Transcontinental – A Market Leader in Sustainable Packaging
Les possibilités de placement durables dans le monde d’après la pandémie
Les sociétés axées sur l’efficacité énergétique peuvent maintenant réduire leurs coûts d’emprunt
BMO Groupe financier s'approvisionnera à 100 pour cent en électricité à partir d'énergies renouvelables
Episode 13: Faire face à la COVID-19 en optant pour des solutions financières durables
Épisode 09 : Le pouvoir de la collaboration en matière d'investissement ESG
Épisode 08 : La tarification des risques climatiques, avec Bob Litterman
Épisode 07 : Mobiliser les marchés des capitaux en faveur d’une finance durable
Épisode 06 : L’investissement responsable – Tendances et pratiques exemplaires canadiennes
Épisode 04 : Divulgation de renseignements relatifs à la durabilité : Utiliser le modèle de SASB
Épisode 03 : Taxonomie verte: le plan d'action pour un financement durable de l'UE
Épisode 02 : Analyser les risques climatiques pour les marchés financiers