20:18:36 EDT Sat 07 Sep 2024
Enter Symbol
or Name
USA
CA



Brookfield Asset Management Ltd
Symbol BAM
Shares Issued 443,823,266
Close 2024-07-23 C$ 58.02
Market Cap C$ 25,750,625,893
Recent Sedar Documents

Globe says BAM's Carney sees progress on "greenwashing"

2024-07-24 06:18 ET - In the News

The Globe and Mail reports in its Wednesday edition that adoption of new international sustainability disclosure standards is moving quicker than expected, with countries accounting for more than 55 per cent of global economic output, including Canada, signing on to the initiative, its chairman said on Tuesday. The Globe's Jeffrey Jones writes that a little more than a year after the International Sustainability Standards Board published its first reporting rules aimed at bolstering climate and environmental finance and eliminating greenwashing, the number of jurisdictions putting them into force keeps increasing, ISSB chair Emmanuel Faber said. Market participants are driving the push for standardized disclosure guidelines to replace a mishmash of frameworks. The Canadian board has suggested potentially delaying Scope 3 reporting, given the need for many companies to become familiar with what are the most difficult emissions data to quantify. Canadian climate finance policies have been criticized by environmental advocates and even one of the early backers of the ISSB, former central banker and now Brookfield Asset Management chair, Mark Carney, as being too lenient for companies and slow to be implemented.

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