Brookfield Asset Management is one of 43 asset managers that today committed to become Net Zero by 2050 or sooner by joining the $32trn Net Zero Asset Managers Initiative - tripling the size of the project.
The Canadian investment house found itself in hot water last month when its Vice Chair of Head of ESG and Impact Fund Investing, Mark Carney, claimed it was already a Net Zero company, because of the emissions its renewable energy holdings avoided. The claims sparked accusations of greenwashing from experts at the time, and saw Carney row back on his statements.
Now, the former Governor of the Bank of England has led a new wave of signatories to the Net Zero Asset Managers Initiative, which requires members to support the transition to a Net Zero economy by 2050 or sooner.
“Brookfield is determined to play a leading role in accelerating the transition to net zero by 2050 or sooner,” he said. “That is why we are delighted to join others…