Brookfield Asset Management has appointed former Bank of England governor Mark Carney as vice chair and head of environmental, social and governance (ESG) and impact fund investing.
In his new role, Carney will be responsible for expanding Brookfield’s existing ESG strategies through a group of ESG-focused investment funds that combine positive social and environmental results with strong risk-adjusted investor returns.
Carney currently serves as the United Nations’ special envoy for climate action and finance.
He worked at 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 30 and the Foundation Board of the World Economic Forum.
Bruce Flatt, CEO of Brookfield, commented: “We are excited to have Mark Carney 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.”
“Building on our track record in renewable investing, Carney will help accelerate our efforts to combine better long-term outcomes for society with strong risk-adjusted returns. His insights and perspectives will add tremendous value to our global investing activities for the benefit of our investors.”
