Our five-step process to enact operational change in our portfolio.
Set near-term targets aligned to our net zero commitments.
Demonstrate our progress towards meeting our obligations as a signatory to the Net Zero Asset Managers initiative.
Share best practices and operational excellence.
Articulate how we think about climate considerations and carbon reduction initiatives.
Apply a net-zero framework.
Build tangible roadmaps for our assets and businesses to achieve net-zero emissions.
Measure and report.
Provide transparency to stakeholders and report on progress through our disclosures.
Our 2022 Sustainability Report includes measurement of Scope 1 and 2 emissions of over 70% of our AUM1, representing a significant portion of Brookfield's financed emissions.
Evaluate our net-zero ambition and reset near-term targets.
Recalibrate and advance our ambition every five years.
1 Total AUM as of December 31, 2022. Our emissions calculation is guided by the principles of the GHG Protocol Corporate Accounting and Reporting Standard, consisting of emissions from portfolio companies where we have control or significant influence.
See it in Action
Operating levers for decarbonization
Powering Brookfield businesses with green energy generated by our renewable power operations.
Investing towards maintenance or growth capital expenditure projects that can result in resulting in lower emissions intensity.
Modifying or replacing traditional fossil fuel consuming processes with electrified methods.
Green & Transition Technology
Utilizing newer, lower-emitting technologies, including alternative sources of fuel, carbon capture and sequestration.
Reducing or ceasing of activities contributing to GHG emissions.
Annual Investment Must Accelerate
Achieving net zero by 2050 is estimated to require an increase of 5.5x in investments into energy transition and renewable asset classes every year.
Our Capital and Deployment
Brookfield is one of the world's largest investors in decarbonization technologies.
Renewable Energy Operator and Developer
Our leading global renewables and transition platform spans five continents, with deep expertise across every major decarbonization technology. The business produces over 25,000 megawatts of operating capacity - the equivalent of taking seven million cars off of the road.
For a more detailed overview of Brookfield’s sustainability strategy and approach, please visit our 2022 Sustainability Report.
For more information on Brookfield Corporation's sustainability progress, please click here.