Brookfield Business Partners LP
BBU
Industrials
2
exclusion reasons
2 themes
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Brookfield Business Partners LP owns and operates lottery systems as a core business activity through its acquisition of Scientific Games' lottery business in 2021. The acquired entity, SG Lottery, provides technology and services to government-run lottery operations across multiple jurisdictions. In November 2025, the company secured a 10-year contract extension to provide lottery tech services in Ohio.
The company's gambling operations are not ancillary; they constitute a dedicated business segment within its diversified portfolio. While specific revenue figures for the lottery segment are not disclosed in the gathered evidence, the acquisition and subsequent long-term contract extensions demonstrate a strategic commitment to the gambling industry.
Brookfield's Isagen subsidiary in Colombia triggered a blockade by the Wayuu Nation over water rights and community consent. A CBC 2025 investigation documented indigenous rights breaches across four countries in Brookfield's infrastructure portfolio. Pattern of insufficient FPIC processes across emerging-market assets.
Research Sources
9 organizations
Related Exclusions
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A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
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