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Corporate Social Responsibility

Throughout our history, we have learned that acting responsibly toward our stakeholders is fundamental to operating a productive, profitable business. It is for this reason that we embed environmental, social and governance (ESG) principles across our operations and pursue philanthropic initiatives that strengthen our foundations in the communities in which we do business. These efforts help us ensure that our business model is sustainable well into the future. 

Our Principles 

The following principles and associated practices ensure that we manage our investments with integrity, balancing economic goals with good corporate citizenship. 

  • Environmental Stewardship: Identify ways to minimize the environmental impact of our operations, utilizing in-house experts and specialist consultants as necessary.
  • Employee Well-Being: Meet or exceed all applicable labor laws and standards in jurisdictions where we operate, which includes respecting human rights, offering competitive wages, providing safe work environments, and implementing non-discriminatory, fully inclusive hiring practices. We also aim to have zero serious safety incidents within all portfolio companies and assets by following a robust set of health and safety practices that are applied across Brookfield and all of its platforms.
  • Community Engagement: Engage with community groups potentially affected by our actions to ensure that their interests are appropriately integrated into our decisions. 
  • Governance, Ethics & Fairness: Operate with high ethical standards by conducting business activities in compliance with applicable legal and regulatory requirements and our Code of Business Conduct and Ethics. 
  • Corporate Citizenship: Empower our employees to participate in, and use our resources to give back to, the communities in which we operate. 
  • Transparency: Be accessible to our investors, responsive to requests for information and timely in our communications.

Environmental Stewardship

With more than a century of experience as a business operator, we have developed expertise in areas such as energy and water conservation, reduction of greenhouse gas emissions, recycling and wildlife preservation. Across our businesses, we pursue innovative programs that foster environmental responsibility.

  • Australian Railroad, Australia

    Australian Railroad has an environmental management system (EMS) in place to monitor, manage, and reduce environmental impacts. One component of our EMS is our partnership with the Australian Department of Parks and Wildlife, which works to relocate and protect rare flora and minimize the environmental impact of rail operations overall.

  • Penobscot River Restoration Project, U.S.

    The Penobscot River Restoration Project in Maine is one of the largest and most creative river restoration projects in the U.S. In an unprecedented collaboration, Brookfield Renewable, the Penobscot Indian Nation, six conservation groups, and state and federal agencies worked together to restore 11 species of sea-run fish to the Penobscot River, while maintaining clean energy production.

  • Managing Biodiversity

    Our U.K. short-break holiday operator, Center Parcs, partners with local Wildlife Trusts to monitor, maintain and enhance wildlife and woodlands. Forest management plans are implemented to measure performance and conservation strategies are shared with guests. In 2010, Wildlife Trusts recognized Center Parcs’ superb management of biodiversity and woodlands with the Biodiversity Benchmark award.

  • Our Green Office Credentials

    Our green office credentials include 59 BOMA 360 (“Building Owners and Managers Association”) certifications, 46 LEED certifications and 41 Energy Star certifications. Among our eligible Australian office properties, 95% have received NABERS Water and Base Building ratings, and 87% of our global office portfolio holds some type of sustainability designation. We are a member of the Green Building Council in the U.S., Canada and Australia, and an annual respondent to the GRESB.

Employee Well-Being 

Because our employees are integral to our success, our management teams maintain high standards with respect to employee welfare. Safety training and protocols are constantly refined, and health and safety incident metrics are reviewed regularly. Our goal is to have zero serious safety incidents within all portfolio companies by following a set of health and safety principles that are applied across our global businesses.

  • EBSA, Colombia

    EBSA, Brookfield’s Colombian regulated distribution operation, places a strong emphasis on employee health and safety. In 2015, the company conducted a wide range of educational activities, including safety training for employees working at height, electrical hazard prevention, risk management, road safety and more.  

  • Arteris, Brazil

    Road safety for employees and contractors is a major focus for Arteris, the Brazilian toll road operator. Under Arteris’s site audit campaign, senior leaders visit work sites and engage in dialogues about safety. Arteris has also adopted Brookfield’s safety principles, which are reinforced through rigorous training of all employees and contractors. 

  • Longview Fibre, U.S.

    In 2007, Brookfield acquired Longview, a pulp, paper and container board manufacturer. We undertook a comprehensive operational turnaround of the company, implementing a safety-first culture with dramatically improved safety training, hazard identification and job-specific procedures. These actions, combined with rigorous, active management of the company, reduced the occupational incidence rate by 87%. 

Community Engagement

 

We believe that building strong partnerships with local and national stakeholders is good business. To ensure our interests are aligned, we continually look to involve our local communities and other stakeholders in both our existing businesses and our new investments. 

  •  WETT, U.S.

    Prior to building a 600 km transmission line in Texas, Brookfield engaged in significant outreach to local landowners and the general public. We incorporated the feedback we received into our development plans, which ensured the project was aligned with the interests of local stakeholders.

  • Kokish River, Canada
    Brookfield Renewable and the ‘Namgis First Nation partnered to develop a 45 MW, run-of-river hydroelectric project in British Columbia, Canada. The project received a 2015 Sustainable Electricity Award from the Canadian Electricity Association.  'Namgis Chief Debra Hanuse said the project “can serve as a model for how the private and public sectors can work with First Nations for the benefit of all.”
  • Sustainable Local Communities, Europe

    Guided by our core values pertaining to sustainable development, we have developed a program to help build sustainable communities around our operating assets in Europe. Examples include contributions to the development of community centers, IT equipment for schools and children’s leisure facilities. 

  • Salvation Army Employment Plus, Australia

    In Australia, Multiplex joined forces with The Salvation Army Employment Plus (TSAEP) to establish itself as a leader in socially responsible employment practices. Under this unique partnership, TSAEP assists Multiplex and its sub-contractors in developing cutting-edge employment programs that will make better job opportunities available to the unemployed. 

Philanthropy

We believe that making a positive contribution to our local communities is a fundamental responsibility. Brookfield has a history of deep involvement in philanthropy and we continually work to instill a culture of charitable giving and volunteerism among our employees and business partners. 

  • Brookfield Disaster Relief
    Disaster Recovery, U.S.

    Brookfield has a long history of playing a leading role in the revitalization of communities in which it operates after they are impacted by tragedy. After 9/11, Brookfield helped drive the recovery of Lower Manhattan both through direct investment to rebuild public and commercial spaces and more than $15 million in support for the National 9/11 Memorial and Museum, the Twin Towers Fund, the NYS World Trade Center Fund and the WTC Performing Arts Center. 

    After Hurricane Sandy in 2012, Brookfield provided 100,000 square feet of free office space to displaced small businesses and non-profit organizations, made significant contributions to groups working with impacted communities, and organized opportunities for Brookfield employee volunteers to participate directly in the cleanup of ravaged communities on Staten Island.

  • PD Ports, U.K.

    PD Ports, a U.K. ports business owned by Brookfield, co-founded the High Tide Foundation, a charity that aims to increase young peoples’ awareness of employment opportunities in port, marine and related industries in the Teesside region of the U.K. To date, more than 60 companies and 4,000 young people from over 30 schools have taken part in High Tide. 

  • Symphony Orchestra, Brazil

    In Brazil, where we have operated for more than 100 years, we have established a record of partnering with arts, environmental, health and educational charities. Two of our well-established philanthropic partnerships are with the Brazilian Symphony Orchestra, which we have supported since 2000, and Instituto Lecca, a program that has provided educational assistance to children from low-income communities for almost a decade. 

  • United Way/Centraide, Canada

    We are proud of our relationship with the United Way/Centraide, having raised millions of dollars through annual campaign activities and employee donations in the last decade. The United Way/Centraide’s mission is to improve lives and build community by engaging individuals and mobilizing collective action.

  • Brookfield Partners Foundation, Canada

    The Brookfield Partners Foundation supports education, health care and arts organizations where senior executives of Brookfield hold leadership roles and make personal financial contributions. In Canada, the Brookfield Partners Foundation established an Institute for Innovation and Entrepreneurship at the Ted Rogers School of Management at Ryerson University in 2016. 

Governance and Ethics

Upholding fair and effective business practices is a cornerstone of being a responsible global citizen. Across Brookfield, we have adopted strong governance practices to ensure our activities are conducted with the utmost honesty and integrity and in full compliance with all legal and regulatory requirements. Brookfield’s Code of Business Conduct and Ethics sets out the commitments expected by Brookfield. We believe this is critical to maintaining the confidence of our customers, investors and investees.

Brookfield maintains a reporting hotline to report suspected unethical, illegal or unsafe behavior in English and other languages. The reporting hotline can be accessed online or by jurisdiction as noted in the Code of Conduct.

For more information about Brookfield’s corporate governance practices, please visit our Board of Directors and Corporate Governance pages.