16:56:57 EDT Sun 28 Apr 2024
Enter Symbol
or Name
USA
CA



Brookfield Asset Management Ltd
Symbol BAM
Shares Issued 413,034,167
Close 2024-03-11 C$ 56.50
Market Cap C$ 23,336,430,436
Recent Sedar Documents

Globe says BAM not keen to disclose its GHG footprint

2024-03-12 08:43 ET - In the News

The Globe and Mail reports in its Tuesday edition that last month, Brookfield announced $25-billion in funds seeking to invest in "the transformation of companies operating in carbon-intensive sectors to more sustainable business models." Guest columnist Michael Sambasivam writes that Brookfield has publicly committed to helping in the transitioning of high-emitting assets. At face value, these funds are a welcome efforts to limit global warming to 1.5 degrees. As private equity takes over a growing swath of global markets, more than quadrupling in size between 2010 and 2022, substantial investments in climate solutions can simultaneously help economies meet climate goals while offering private-equity exposure to the growth associated with investments in the green economy. However, not all climate-branded investments are solutions, and Brookfield has a ways to go in demonstrating its claim of being a "leader in decarbonization," which is impossible to substantiate without comprehensively disclosing its carbon footprint. Recently, Investors for Paris Compliance published a report on Brookfield, highlighting its failure to account for as much as 92 per cent of the emissions associated with its investments and lending.

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