BROOKFIELD Corp 6-K, filed Aug 26, 2020
BROOKFIELD Corp (BN)
About this 6-K
BROOKFIELD Corp filed this 6-K on August 26, 2020.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of August 2020
Commission File Number: 033-97038
Brookfield Asset Management Inc.
(Translation of registrant's name into English)
Brookfield Place Suite 300 181 Bay Street, P.O. Box 762 Toronto, Ontario, Canada M5J 2T3
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [ ] Form 40-F [ X ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
EXHIBIT INDEX
| Exhibit Number | Description | |
| 99.1 | Brookfield Announces Appointment of Mark Carney as Vice Chair and Head of ESG and Impact Fund Investing |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Brookfield Asset Management Inc. | ||
| (Registrant) | ||
| Date: August 26, 2020 | /s/ JUSTIN B. BEBER | |
| Justin Beber | ||
| Head of Corporate Strategy and Chief Legal Officer | ||
EXHIBIT 99.1
Brookfield Announces Appointment of Mark Carney as Vice Chair and Head of ESG and Impact Fund Investing
Former Governor of the Bank of England and Bank of Canada to oversee the firm’s ESG-focused investment strategies
BROOKFIELD, NEWS, Aug. 26, 2020 (GLOBE NEWSWIRE) -- Brookfield Asset Management (NYSE: BAM) (TSX: BAM.A) today announced the appointment of Mark Carney as a Vice Chair and Head of ESG and Impact Fund Investing. Mark brings a wealth of knowledge and expertise to his role at Brookfield. He is currently the United Nations Special Envoy for Climate Action and Finance and is a longtime advocate for sustainability, specifically with regard to the management and reduction of climate risks.
Mark will expand on Brookfield’s existing strengths in ESG investing with the development of a group of funds that will work to combine positive social and environmental outcomes with strong risk-adjusted returns for investors. The funds will make ESG-focused investments that are both capable of delivering measurable outcomes against specific impact goals and consistent with Brookfield’s extensive experience investing in high-quality, sustainable assets that form the backbone of the global economy.
Bruce Flatt, CEO of Brookfield, said, “We are excited to have Mark joining Brookfield. Throughout his stellar career in both the private and public sectors, Mark has been a vocal proponent of the positive role that private capital can play in climate action.” Mr. Flatt continued, “Building on our track record in renewable investing, Mark will help accelerate our efforts to combine better long-term outcomes for society with strong risk-adjusted returns. Mark’s insights and perspectives will add tremendous value to our global investing activities for the benefit of our investors.”
Mark Carney remarked, “With an accelerated transition to a net zero economy imperative for climate sustainability and one of the greatest commercial opportunities of our time, I’m looking forward to building on Brookfield’s leading positions in renewable energy and sustainability to the benefit of its investors and society.”
This appointment is another step in Brookfield’s longstanding commitment to sustainability, with ESG principles embedded across the investment process and operations of its businesses. Brookfield has built the world’s largest pure-play private sector renewable energy business over the past three decades. With nearly 20,000 megawatts in operations and 18,000 megawatts in development globally, Brookfield invests in, and responsibly owns and operates, high-quality renewable power assets that provide virtually carbon free energy around the world.
Mark served as the Governor of the Bank of England from 2013 to 2020. In addition, he served as First Vice-Chair of the European Systemic Risk Board, and remains a member of the Group of Thirty and the Foundation Board of the World Economic Forum. In December 2019, Mark was appointed as the United Nations Special Envoy for Climate Action and Finance and will continue in that role. Prior to his tenure as Governor of the Bank of England, he served as the Governor of the Bank of Canada and Chairman of its Board of Directors. Mark was Chair of the G20’s Financial Stability Board from 2011-2018, where he oversaw the reform of the global financial system. He began his career with a leading international investment bank.
For more information about Brookfield’s approach to ESG, visit the Responsibility and Renewable Energy sections of our website.
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Brookfield Asset Management
Brookfield Asset Management is a leading global alternative asset manager with approximately US$550 billion of assets under management across real estate, infrastructure, renewable power, private equity and credit. Brookfield owns and operates long-life assets and businesses, many of which form the backbone of the global economy. Utilizing its global reach, access to large-scale capital and operational expertise, Brookfield offers a range of alternative investment products to investors around the world—including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors. Brookfield Asset Management is listed on the New York and Toronto stock exchanges under the symbols BAM and BAM.A, respectively.
For press inquiries, please contact:
| New York Suzanne Fleming Tel: +1 (212) 417 2421 suzanne.fleming@brookfield.com | Toronto Claire Holland +1 (437) 991 2978 claire.holland@brookfield.com | London Marie Fuller +44 20 7408 8375 marie.fuller@brookfield.com |
Forward-Looking Statements
Note: This news release contains "forward-looking information" within the meaning of Canadian provincial securities laws and "forward-looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, Section 21E of the U.S. Securities Exchange Act of 1934, as amended, "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and in any applicable Canadian securities regulations. The words “proposed”, “believe”, conditional verbs such as "will", “may” and derivations thereof and other expressions that are predictions of or indicate future events, trends or prospects and which do not relate to historical matters identify forward-looking statements.
Although Brookfield believes that the anticipated future results or achievements expressed or implied by the forward-looking statements and information is based upon reasonable assumptions and expectations, the reader should not place undue reliance on forward-looking statements and information because they involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information.
Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements include: general economic conditions; interest rate changes; availability of equity and debt financing; and other risks and factors described from time to time in the documents filed by the company with the securities regulators in Canada and the United States including in Management’s Discussion and Analysis under the heading “Business Environment and Risks”. The company undertakes no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise.