Download our 2024 Sustainability Report to learn more about our approach and initiatives.
“We believe that value creation and sustainable development are complementary goals.”
Our Approach
Mitigate the impact of our operations on the environment
Strive to minimize the environmental impact of operations and improve efficient use of resources over time.
Support the ambition of reaching net-zero greenhouse gas (GHG) emissions by 2050 or sooner.
Strive to ensure the well-being and safety of our workforce
Foster a positive work environment based on respect for human rights, valuing diversity, and having zero tolerance for workplace discrimination, violence or harassment.
Operate with robust health and safety practices to support the goal of achieving zero serious safety incidents.
Uphold strong governance practices
Operate to the highest ethical standards by conducting business activities in accordance with our Code of Business Conduct and Ethics.
Maintain strong stakeholder relationships through transparency and active engagement.
Be good corporate citizens
Strive to ensure the interests, safety and well-being of the communities where we operate are integrated into our business decisions.
Support philanthropy and volunteerism by our employees.
Integrating sustainability into our investment process
We seek to embed material sustainability considerations and evaluate risks and value creation opportunities throughout our investment process. Following acquisition, we actively look to advance sustainability initiatives and improve sustainability performance in driving long-term value creation throughout the investment's life cycle. Our investment processes align with the PRI.
Due Diligence
Evaluate material sustainability risks and value creation opportunities.
Investment Decision
Assess sustainability criteria and flag key risks and opportunities to the investments committee.
Develop a post-acquisition sustainability plan.
Ongoing Management
Identify, prioritize and monitor sustainability issues
on an ongoing basis.
Document and measure KPIs on relevant issues
or incidents.
Exit
Assess sustainability criteria and flag key risks and opportunities to the investments committee.
Develop a post-acquisition sustainability plan.
Disclosure: 1Refers to investments where Brookfield has control or significant influence.
Our ambition is to achieve net-zero emissions by 2050 or sooner across our Operationally Managed investments .
We provide tools and resources to our teams and portfolio companies
Our Net Zero Playbook provides resources to help identify decarbonization-related value creation levers, and our Achieving Net Zero Framework supports portfolio companies in their net-zero progress.
We report on GHG emissions across ~80% of our Invested * AUM
We have measured emissions across our business for several years and as of December 31, 2024, approximately three quarters of our assets under management reported on their GHG scope 1 and 2 emissions.
Our measurement and disclosure is informed by the GHG Protocol and Partnership for Carbon Accounting Financials (PCAF) standards.
*Assets under management adjusted to exclude uninvested capital, cash and cash equivalents, and investments where emissions would otherwise be double-counted.
We’re committed to responsible investing over the long-term
We are committed to upholding sustainability governance within our organization. We periodically review and update sustainability-related policies and provide training resources to employees. Additionally, we are a signatory to the Principles for Responsible Investing (PRI) and complete the PRI assessment annually, reinforcing our longstanding commitment to responsible investment and sustainability practices.
We believe in going where the emissions are
We believe that avoiding entire industries or sectors that are high emitting is short-sighted. Instead, our transition strategy seeks to "go where the emissions are" and develop credible decarbonization plans. Ultimately, by addressing high-emitting industries directly and implementing decarbonization solutions, we believe we can make a significant impact and create value.
