Mark Carney was named a vice chair and head of ESG and impact fund investing at Brookfield Asset Management.
The role is new, a spokeswoman said. Mr. Carney will join in October and be based in Ottawa as a senior member of Brookfield’s leadership team.
He will boost Brookfield's existing environmental, social and governance offerings by developing a set of strategies that will combine positive social and environmental outcomes with returns, a news release said.
"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," CEO Bruce Flatt said in the release. "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."
Brookfield has $550 billion in assets under management.
Mr. Carney is the United Nations special envoy for climate action and finance. He will continue in this role, the Brookfield spokeswoman said. He was governor of the Bank of England between 2013 and 2020 and, prior to that, governor of the Bank of Canada.
