Brookfield Asset Management — full event log
Every event we have on file across every reporting year. The Data-by-year tab summarises the top 10 per year; this page shows them all.
← back to Data by year2026· 1 event
Connor Teskey was appointed as CEO of BAM effective February 3, 2026. Bruce Flatt remains Chair of BAM and CEO of its controlling shareholder, BN. Bruce Karsh also appointed to the Board effective February 3, 2026.
sustainability_report p.44
2025· 20 events
Brookfield's Sustainability Policy states support for the ambition of reaching net-zero greenhouse gas emissions by 2050 or sooner as a guiding principle.
sustainability_report p.2
Within the renewable power and transition strategy, Brookfield invests in sustainable solutions including nuclear services, renewable natural gas, carbon capture and storage, recycling, cogeneration, biomass, power transformation, and sustainable aviation fuel. These investments are managed through portfolio companies and represent Brookfield's approach to hard-to-abate sector decarbonization across its managed assets.
sustainability_report p.13
BAM's Sustainability Due Diligence Protocol provides guidance to investment teams on assessing bribery and corruption, cybersecurity, health and safety, human rights, modern slavery and climate-related risks at the investment stage. Investment Committees review material sustainability aspects and potential implications for returns. As part of each acquisition, investment teams develop customized integration plans encompassing material sustainability matters. Portfolio companies report to their boards including key performance indicators incorporating material sustainability factors.
sustainability_report p.21
Brookfield manages one of the world's largest renewable power platforms through Brookfield Renewable Partners (BEP), with investments in hydroelectric, utility-scale solar, wind, distributed energy and storage. Fee-Bearing Capital in renewable power and transition grew to $67 billion in 2025 (from $58 billion in 2024), driven by $10.4 billion of inflows including final closes on BGTF II. Brookfield believes growing global demand for low-cost, low-carbon energy from corporate off-takers will drive continued investment opportunities. The BAIIF fund also targets AI infrastructure with an energy component.
sustainability_report p.12
Sustainability oversight is sponsored by each business group CEO and sustainability leads, supported by Brookfield's COO (Governance, Operations and Risk Management), BAM's CEO of Renewable Power and Transition (Decarbonization and Investment), and BAM's CFO (GHG Reporting and Measurement). A Decarbonization Steering Committee and Decarbonization Operational Committee coordinate decarbonization initiatives across business and functional groups.
sustainability_report p.5
BAM operates a Net Zero Steering Committee that develops decarbonization targets, operationalizes decarbonization approaches and shares best practices across the organization. Sustainability considerations including climate change are integrated into investment due diligence through a Sustainability Due Diligence Protocol. BAM publishes an annual sustainability report aligned with TCFD, SASB, and GRI standards. A dedicated Safety Leadership Committee oversees health, safety, security and environmental matters.
sustainability_report p.20
On October 2, 2025, BAM acquired a 51.3% economic interest in Angel Oak, a leading asset manager specializing in mortgage and consumer products, for total cash consideration of approximately $149 million. Angel Oak has a vertically integrated origination platform in mortgage and consumer credit.
sustainability_report p.16
BAM announced acquisition of remaining stake in Oaktree, one of the world's leading alternative credit managers, to enable full ownership and deeper collaboration across investment teams.
sustainability_report p.4
Brookfield integrates sustainability considerations into the investment process at due diligence, investment committee approval, ongoing management, and exit. Portfolio company management teams are responsible for managing sustainability opportunities and risks across the investment lifecycle, supported by Brookfield investment teams. KPIs reported to boards increasingly include GHG emissions alongside health & safety and environmental management.
sustainability_report p.3
Brookfield Wealth Solutions announced the acquisition of Just Group, a leading provider of retirement income products in the United Kingdom. Transaction expected to close in H1 2026. BAM will become investment manager for a significant portion of the Just Group portfolio.
sustainability_report p.4
BAM completed acquisition of a majority interest in a specialty mortgage credit manager and a consumer credit solutions business, and increased ownership stake in other partner managers focused on consumer credit solutions.
sustainability_report p.4
BAM launched a $100 billion global program focused on building data centers, compute capacity and power generation for AI. Launched AI Infrastructure fund targeting $10 billion, already securing $5 billion of commitments including from NVIDIA and Kuwait Investment Authority.
sustainability_report p.5
BAM announced an $80 billion strategic partnership between Westinghouse and the U.S. government to support deployment of new nuclear power capacity in the United States.
sustainability_report p.5
On February 4, 2025, BAM completed a corporate arrangement with BN whereby BN transferred its approximately 73% interest in Brookfield Asset Management ULC to BAM in exchange for newly issued Class A Shares on a one-for-one basis. After the arrangement, BAM owns 100% of Brookfield's asset management business and BN owns approximately 73% of BAM Class A Shares. The Asset Management Company is treated as the accounting predecessor.
sustainability_report p.17
On October 13, 2025, BAM and BN announced a proposed transaction to acquire the approximately 26% interest in Oaktree that Brookfield does not already own, for total consideration of approximately $3 billion. Expected to close in H1 2026 subject to regulatory approvals. Will bring Brookfield to 100% ownership of Oaktree.
sustainability_report p.16
During 2025, BAM completed three debt offerings totaling $2.5 billion: $750M 10-year notes at 5.795% (April 24), $750M 30-year notes at 6.077% (September 9), $600M 5-year at 4.653% and $400M 10-year at 5.298% (November 18). This was BAM's inaugural corporate debt issuance.
sustainability_report p.17
BAM has a Net Zero Steering Committee that develops decarbonization targets, operationalizes decarbonization approaches and shares best practices across the organization. The report references TCFD-aligned disclosures and a sustainability report published annually, but no specific quantitative net-zero target year is disclosed in this 10-K.
sustainability_report p.20
On February 4, 2025, BAM completed a corporate restructuring whereby BN transferred its ~73% interest in Brookfield Asset Management ULC to BAM in exchange for newly issued Class A Shares on a one-for-one basis. BAM now owns 100% of the Asset Management Company; BN owns ~73% of BAM's Class A Shares. Total of 1,194,021,145 new Class A Shares issued.
sustainability_report p.16
On October 7, 2025, Brookfield announced the final institutional close for BGTF II (second vintage of flagship global transition fund) with $20 billion raised, plus approximately $3.5 billion of co-investment, totaling approximately $23.5 billion. Focused on accelerating global transition to net-zero carbon economy.
sustainability_report p.16
BAM manages $143 billion of AUM and $67 billion of Fee-Bearing Capital in renewable power and transition investments. The Brookfield Global Transition Fund (BGTF) series invests to accelerate the global transition to a net-zero carbon economy, assisting utility, energy and industrial businesses to reduce CO2 emissions and expand low-carbon energy production. The Catalytic Transition Fund directs capital into clean energy in emerging markets. BEP is one of the world's largest publicly traded renewable power platforms with market cap of over $20.5 billion.
sustainability_report p.12
2024· 27 events
Portfolio companies are scaling circular economy solutions. Schoeller Allibert partnered with Coca-Cola Europacific Partners to produce beverage crates using 97% recycled plastic, cutting CO2 emissions by an estimated 66% compared with virgin plastic. Clarios operates a closed-loop battery collection system, enabling up to 99% of battery materials to be responsibly recovered, recycled and reused.
sustainability_report p.31
Fossil fuel-related investments represent less than 10% of AUM. Brookfield believes midstream assets, with their extensive critically located fixed infrastructure, can be repurposed to carry newer fuel types such as hydrogen. Approach for fossil fuel investments includes decarbonizing, repurposing, repositioning, maintaining in-line with energy demand, or phase-out depending on circumstances.
sustainability_report p.43
Brookfield invests in carbon capture and storage solutions through portfolio companies including Entropy and NorthRiver. NorthRiver is progressing an acid gas injection project with capacity to sequester over 100,000 mtCO2e annually and two carbon sequestration hubs with aggregate capacity of an estimated three million mtCO2e. Brookfield's first Global Transition Fund resulted in 54,000 tons annually of carbon captured as of December 31, 2024. Where portfolio companies cannot reduce residual emissions, they may utilize high-quality carbon offsets to eliminate residual emissions after exhausting other feasible reduction means.
sustainability_report p.55
For non-controlling investments (debt holdings or where contractual influence is limited), Brookfield actively monitors performance and uses stewardship and engagement practices to encourage sustainability outcomes aligned with its approach. Proxy voting is a small share of activity (~1% of AUM, via Public Securities Group as of December 31, 2024) given Brookfield's preference for control or significant-influence private market positions.
sustainability_report p.4
Brookfield Wealth Solutions (BWS) completed acquisition of remaining outstanding common stock of AEL on May 2, 2024. BAM issued ~28.8M Class A Shares ($1.1B) to BN in exchange for Asset Management Company shares, increasing BAM's ownership from ~25% to ~27%. AEL Mandate resulted in $49B of new fee-bearing capital.
sustainability_report p.17
BAM acquired a 51% stake in Castlelake's fee-related earnings, 7.5% of carried interest, and 20% of GP commitments for ~$489M cash consideration. BWS also committed ~$1B to Castlelake's strategies.
sustainability_report p.18
Completed acquisition of SVB Capital's investment platform business, rebranded to Pinegrove Ventures, through Pinegrove Venture Partners formed with Sequoia Heritage. Manages approximately $10B in assets.
sustainability_report p.18
BAM launched the Catalytic Transition Fund focused on clean energy and transition assets in emerging markets. Initial close raised $2.4B including $1B anchor from ALTÉRRA, the world's largest private climate investment fund. Targets South/Central America, South/Southeast Asia, Middle East and Eastern Europe.
sustainability_report p.18
On October 31, 2024, BAM announced that it changed its head office to New York, NY.
sustainability_report p.18
BAM works with portfolio companies to identify operational value-enhancement and decarbonization opportunities, including energy efficiency and electrification measures. Operations teams collaborate closely with senior management to implement improvements. Decarbonization is framed as a meaningful operational efficiency lever that is expected to result in GHG reductions slightly ahead of industry and regional averages over time.
sustainability_report p.24
BAM manages Brookfield Renewable Partners (BEP, market cap >$16B) and long-term private funds including BGTF and the Catalytic Transition Fund. The portfolio spans hydroelectric, utility solar, wind, distributed energy and storage, and sustainable solutions including renewable natural gas, carbon capture and nuclear services. Fee-Bearing Capital in renewable power and transition reached $58B as at December 31, 2024 (up from $52B in 2023). BEP raised $650M equity in 2023 and issued medium-term and perpetual green subordinated notes in 2024.
sustainability_report p.12
BAM's Sustainability Due Diligence Protocol provides investment teams with specific guidance on assessing climate-related risks in new investments. Sustainability factors including GHG emissions are increasingly incorporated into KPIs reported to portfolio company boards. Prior to divestiture, BAM prepares qualitative and quantitative sustainability performance data to summarize environmental management during the holding period, creating market incentives for investee improvements.
sustainability_report p.23
BAM seeks to utilize leading practices to efficiently monitor water usage and for certain portfolio companies manage performance, with the objective to seek opportunities for water consumption reduction. BAM also tracks waste and recycling metrics and encourages conservation of nature and ecosystem services as a component of achieving decarbonization goals and managing physical climate risks.
sustainability_report p.25
In-scope assets for 2030 interim target increased to $325B (49% of Operationally Managed AUM) from $263B (42%) in 2023. Since setting net-zero ambition, in-scope assets have grown by $178B from $147B base.
sustainability_report p.56
Emissions coverage of non-controlled AUM improved from 48% in 2023 to 61% in 2024, with financed emissions inventory expanding from 13.8M to 35.3M mtCO2e. Overall Invested AUM coverage rose from ~75% to 80%.
sustainability_report p.53
Brookfield's Renewable Power & Transition business set a target to develop 21,000 MW of new clean energy capacity by 2030; ~15,000 MW commissioned since 2022 including ~7,000 MW in 2024.
sustainability_report p.30
Brookfield and ALTÉRRA created the multibillion-dollar Catalytic Transition Fund (CTF) to scale clean energy and decarbonization investments in emerging markets, complementing the Global Transition Funds strategy. Combined funds expected to raise $40B equity capital.
sustainability_report p.8
Added two new categories to the ANZF: 'Decarbonization Journey' and 'Achieving Full Potential' to distinguish portfolio companies that are decarbonizing but cannot yet conform to a net-zero aligned pathway.
sustainability_report p.46
Introduced NZIF-based framework tailored to non-controlled investments to support sustainability processes and disclosures across public securities and credit.
sustainability_report p.6
2023 business air travel emissions restated in 2024 to reflect improvements in travel data from the data provider.
sustainability_report p.88
86% of Brookfield's corporate employees work in green-certified buildings, and over 80% work in offices owned by Brookfield Properties included in the net-zero interim target. Scope 1 emissions decreased 11% vs 2023 due to reduced natural gas consumption. Scope 2 market-based emissions decreased 12% via purchase of renewable energy certificates.
sustainability_report p.59
Approach to decarbonizing real estate includes: (1) procuring clean energy, (2) implementing retrofits and operational energy reduction initiatives, and (3) considering carbon offsets. Examples include Waterside Plaza window/HVAC replacement projected to avoid over 1,000 mtCO2e annually, and the LED Lighting Program retrofitting 1.4M sf in 2024 saving ~860,000 kWh and 315 mtCO2e. La Trobe Financial transitioned to 100% renewable electricity in Sydney/Melbourne via CPPA with Momentum Energy, achieving 72% reduction in electricity-associated emissions.
sustainability_report p.47
Brookfield actively engages ~63% of AUM categorized as Operationally Managed via the Achieving Net Zero Framework (ANZF) and Net Zero Playbook. In 2024, ~15% of portfolio companies advanced their position along the ANZF. Over 120 portfolio companies reported decarbonization-related cost savings in 2024. Brookfield aligns with the Paris Aligned Investment Initiative (PAII) Net Zero Investment Framework (NZIF) methodology. $325B AUM is included in the in-scope net-zero interim target (49% of Operationally Managed AUM, up from 42%).
sustainability_report p.45
Brookfield Global Transition Funds I and II have raised over $30B for investments in clean energy capacity, sustainable solutions, and transforming carbon-intensive portfolio companies. BGTF I produced 4,867,593 MWh of clean energy and 54,000 tons of carbon captured as of Dec 31, 2024. The Catalytic Transition Fund (CTF), created with ALTÉRRA, targets emerging markets. Combined funds expected to raise $40B equity capital. For BGTF investments, Brookfield sets GHG emissions reduction targets aligned with Paris Agreement goals for 100% of carbon-intensive investments, including scope 1, 2 and material scope 3.
sustainability_report p.50
BAM has established a Net Zero Steering Committee that develops decarbonization targets, operationalizes decarbonization approaches and shares best practices across the organization. A Decarbonization Operational Committee and Sustainability Working Group further coordinate initiatives. The CFO oversees GHG reporting and measurement and the CEO of Renewable Power and Transition oversees decarbonization investment strategy.
sustainability_report p.21
BAM manages BGTF I ($15B raised in 2022) and BGTF II (in fundraising, ~$5.2B raised in 2024) focused on investments that accelerate the transition to a net-zero economy. Funds invest in clean energy expansion, carbon capture and storage, waste recycling, and transforming carbon-intensive sector companies to sustainable business models. BAM explicitly does not pursue divestment of high-emitting industries, preferring to support their decarbonization.
sustainability_report p.24
Brookfield operates one of the world's largest clean energy platforms with $126B AUM in 2024 across hydro, wind, solar, and distributed energy. The Renewable Power & Transition business is targeting 21,000 MW of new clean energy capacity by 2030, with ~15,000 MW commissioned since 2022 and ~7,000 MW commissioned in 2024 alone, on track to reach a ~10,000 MW annual run rate by 2027. The 200,000 MW development pipeline supports continued growth. Portfolio companies including Brookfield Real Estate are procuring clean energy through PPAs, on-site solar (8 MW installed across 13 logistics assets; 57M kWh generated from retail rooftop solar in 2024), and community solar programs.
sustainability_report p.42
2023· 11 events
Brookfield has implemented a TCFD-aligned climate risk assessment process to understand physical and transition risk profiles across its businesses. As part of its Sustainability Due Diligence Protocol, investment teams assess climate change risks at the point of acquisition and create tailored integration plans for material sustainability matters. Portfolio company management teams regularly report to boards on GHG emissions and environmental management KPIs, with the CFO overseeing GHG reporting and measurement. The approach distinguishes between controlled investments (where Scope 1 & 2 targets apply) and non-controlling interests (stewardship and engagement approach).
sustainability_report p.19
During 2023, BAM ULC increased its ownership interest in Oaktree from approximately 64% to approximately 68% through a purchase of an incremental 4% interest, resulting in recognition of $141 million of additional intangible assets for customer relationships.
sustainability_report p.45
As a signatory to the Net Zero Asset Managers initiative since 2021, Brookfield has committed to reduce emissions across $201 billion of AUM by at least 50% from a 2020 base year, increased from $147 billion in 2022. The target includes Scope 1 and 2 emissions of portfolio companies across renewable power & transition, infrastructure, private equity, and real estate. The firm focuses on investments where it has control and can implement actionable near-term initiatives that are value accretive. Progress is supported by the Net Zero Steering Committee and dedicated sustainability working groups.
sustainability_report p.20
Brookfield utilizes its significant influence and owner-operator capabilities to encourage sound sustainability practices across portfolio companies, focusing on net-zero efforts where there is the best opportunity for meaningful outcomes. The firm shares best practices and resources and conducts regular systematic monitoring to track progress. For non-controlling investments, stewardship practices are used to encourage sustainability outcomes aligned with Brookfield's approach. Water, waste and biodiversity management are also integrated into portfolio company monitoring, with industry best practices applied to reduce water consumption and track recycling metrics.
sustainability_report p.22
On July 5, 2023, Brookfield Reinsurance and AEL entered into a merger agreement. Upon closing, will add approximately $50 billion of insurance AUM. Manager's interest in Asset Management Company to increase from 25% to approximately 27%.
sustainability_report p.72
In 2023, Brookfield focused on building teams and devoting resources to develop credible decarbonization plans across AUM. A Net Zero Steering Committee, Net Zero Operational Committee and Sustainability Financial Reporting Working Group were established. Net-zero interim target includes Scope 1 and 2 emissions of portfolio companies.
sustainability_report p.19
Brookfield's flagship Global Transition Fund series (BGTF I and BGTF II launched in 2023) catalyzes businesses onto net-zero pathways aligned with the Paris Agreement — developing new clean energy capacity, scaling sustainable solutions, and providing transformation capital to carbon-intensive sectors. The Catalytic Transition Fund, announced at COP28 with UAE's ALTÉRRA anchoring with $1 billion (alongside a $2 billion commitment to BGTF II), deploys capital exclusively in emerging and developing markets with a focused mandate on energy transition, industrial decarbonization, sustainable living and climate technologies.
sustainability_report p.21
Historically fugitive emissions from leased facilities were reported in scope 2. In 2023, using guidance from the GHG Protocol, we started reporting fugitive emissions from all facilities (owned & leased) under scope 1. 2019 figures restated.
sustainability_report p.88
BGTF II was launched in 2023 to invest in new clean energy capacity, sustainable solutions and carbon-intensive sectors. At COP28, the Catalytic Transition Fund (CTF) was announced with UAE's ALTÉRRA anchoring with $1B commitment for emerging/developing markets focused on energy transition, industrial decarbonization, sustainable living and climate technologies.
sustainability_report p.21
Brookfield is one of the world's largest owners and operators of renewable power globally, managing $102 billion of AUM in renewable power and transition as of December 31, 2023. The firm invests in hydroelectric, wind, utility solar, distributed energy and storage, and sustainable solutions including renewable natural gas and carbon capture and storage. Through BEP (Brookfield Renewable Partners, market cap $17.9 billion), long-term PPAs and contracted revenue streams underpin returns. Clean energy occupies a uniquely complementary position to net-zero, low-cost energy and energy security goals.
sustainability_report p.33
In 2023, ahead of NZAM requirements, Brookfield increased its interim target commitment by $54 billion of AUM. The updated interim target is to reduce emissions across $201 billion of AUM by at least 50% from a 2020 base year. Target covers Scope 1 and 2 emissions of portfolio companies.
sustainability_report p.20
2022· 1 event
On December 9, 2022, Brookfield Corporation completed the spin-off of BAM ULC and listed Brookfield Asset Management Ltd. as a separate publicly traded pure-play alternative asset manager on NYSE and TSX under the symbol BAM. The Manager holds a 25% interest in the Asset Management Company.
sustainability_report p.29
2021· 2 events
In 2021, Brookfield set an ambition to achieve net zero across its assets under management by 2050 or sooner, applicable to Operationally Managed investments.
sustainability_report p.40
In 2021, BAM set an ambition to reach net zero by 2050 or sooner across operationally managed investments. The ambition targets assets where BAM can directly influence outcomes. A Net Zero Steering Committee was established to develop decarbonization targets and operationalize approaches.
sustainability_report p.24