Brookfield Raises $15 Billion for Climate-focused Fund

Canada’s Brookfield Asset Management said on June 22 it had raised $15 billion for its first impact fund focused on the global transition to a net-zero carbon economy.

The fundraise comes at a time when investors and lawmakers across the globe have been questioning businesses about their environmental and social impact amid calls for companies to lower their greenhouse-gas emissions.

In the first five months of this year, investors added $7.5 billion to U.S. sustainable funds including those focused on ESG considerations, after putting a record $69.2 billion of net new deposits into such funds in 2021.