Company: BBU
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001628280-25-017216
Chunk: 100

Company: Brookfield Business Partners L.P.
Filing Date: 2025-04-10
Form: 20-F
Item: Item 4
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 significant impact on our company’s financial position or profitability, nor are we aware of any such proceedings that are pending or threatened.

We are named as a party in various claims and legal proceedings which arise during the normal course of our business. We review each of these claims, including the nature of the claim, the amount in dispute or claimed and the availability of insurance coverage. Although there can be no assurance as to the resolution of any particular claim, we do not believe that the outcome of any claims or potential claims of which we are currently aware will have a material adverse effect on us.

Sustainability Management

The partnership believes that maintaining a strong commitment to integrating sustainability values into business practices alongside the ongoing management of its operations plays an essential role in enhancing business performance. The partnership’s ability to build long-term value is tied to continued progress toward a sustainable future. This is consistent with our philosophy of conducting business with a long-term perspective and in an ethical manner. Accordingly, we have a long history of incorporating sustainability principles and practices into both our investment decisions and underlying business operations.

  Brookfield Business Partners      65  

As described under Item 4. A, “ History and Development of the Company” and Item 4. C, “ Organizational Structure” Brookfield Holders’ economic interest in our partnership as of the date of this Form 20-F is approximately 67.2% assuming the exchange of all issued and outstanding Redemption-Exchange Units and BBUC exchangeable shares. Affiliates of Brookfield Corporation provide services to us under the Master Services Agreement. Brookfield employs a framework of having a common set of sustainability principles across its business platforms, while at the same time recognizing that the geographic and sector diversity of our portfolio requires a tailored approach. The following are Brookfield’s and the partnership’s sustainability principles:

• Mitigate the impact of our operations on the environment

◦ Strive to minimize the environmental impact of our operations and improve efficient use of resources over time.

◦ Support Brookfield’s ambition of reaching net-zero GHG emissions by 2050 or sooner.

•Strive to ensure the well-being and safety of employees

◦ Foster a positive work environment based on respect for human rights, valuing diversity and zero tolerance for workplace discrimination, violence or harassment.

◦ Operate with leading health and safety practices to support the goal of achieving zero serious safety incidents.

• Be good corporate citizens

◦ Seek to ensure the interests, safety and well-being of the communities in which we operate are integrated into our business