Brookfield Corporation - 1792 Exchange

Rating Overview

Brookfield Corporation is Medium Risk.

Brookfield Corporation often yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. The company implements race and identity-based policies that replace merit, excellence, and integrity with preferential treatment and outcomes. Brookfield occasionally embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues at times. This approach fails to safeguard free exercise, free speech, and free enterprise.

Rating Criteria

Corporate Weaponization Risk Levels
Criteria	Risk Level
Cancellations	Medium Risk
Discriminatory Philanthropy	Lower Risk
Employment Protection	High Risk

Corporate Weaponization ⓘ

Corporate Governance and Public Policy Risk Levels
Criteria	Risk Level
Advocacy Bias	High Risk
Funding	Medium Risk
Political Actions	Lower Risk

Corporate Governance and Public Policy ⓘ

Rating Criteria Detail

Criteria Risk Level Rationale

Corporate Weaponization

Criteria:

Has canceled customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level:

Medium

Rationale:

Brookfield Corporation is a signatory of the Principles for Responsible Investment, incorporating ESG issues into investment analysis, decision-making, and other business practices (1)(2). Brookfield Asset Management integrates ESG into its business practices, “actively look[ing] to advance ESG initiatives and improve ESG performance in driving long-term value creation throughout the lifecycle of our investments” (3). However, Brookfield Corporation has not publicly canceled customers, suppliers, or vendors based on political views or religious beliefs (4).

Criteria:

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level:

Lower

Rationale:

Brookfield Corporation does not appear to discriminate against charitable organizations based on views or beliefs. Its charitable giving focus areas are “homelessness, youth and education, healthcare, and the environment” (1). From its 2022 Sustainability Report: “Our global matching program allows employees to donate to a not-forprofit of their choice and Brookfield will match their donation” (2).

Criteria:

Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.

Risk Level:

High

Rationale:

Brookfield Asset Management is a signatory of the Institutional Limited Partners Association’s Diversity in Action Initiative, committing itself to specific actions that advance DEI within the governance and policies of the organization and the private equity industry more broadly (1)(2)(3). Brookfield Corporation and its subsidiaries do not provide viewpoint protections for its employees (4).

Corporate Governance and Public Policy

Criteria:

Uses corporate reputation to support causes, organizations, or policies hostile to freedom of expression.

Risk Level:

High

Rationale:

Brookfield Public Securities Group is a signatory to the CFA Institute’s Diversity, Equity, and Inclusion Code, indicating its support of DEI in its recruitment, hiring, onboarding, and promotions. Furthermore, the company pledges to integrate DEI into its policies, promote DEI in the investment industry, and provide regular reporting on its DEI metrics to the CFA Institute (1)(2)(3). Brookfield Asset Management is part of the Net Zero Asset Managers initiative, committed to carbon neutrality with its investments by 2050 (4)(5). Brookfield Corporation is aligned with the Paris Agreement, which entails a commitment to net zero carbon emissions by 2050 (6). Brookfield Property Group’s former chairman Ric Clark is a signatory to CEOs for Gun Safety (7).

Criteria:

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level:

Medium

Rationale:

American Equity Investment Life Holding Company (AEL), Brookfield Corporation’s subsidiary, is a Gold Sponsor of Capital City Pride 2026 (1). Otherwise, there are no publicly known cases of Brookfield Corporation using corporate funds to advance ideological causes, organizations, or policies (2)(3).

Criteria:

Uses corporate political actions and/or financial contributions for ideological, non-business purposes.

Risk Level:

Lower

Rationale:

Brookfield Corporation’s subsidiary, Brookfield Properties Retail, has not used its PAC donations for ideological purposes (1)(2). Brookfield Asset Management does not operate a PAC at this time and has not lobbied for ideological purposes (3)(4)(5).