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2019 Brookfield Renewable

ESG Report

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Contents

B U S I N E S S O V E R V I E W 4

C E O S TAT E M E N T 6

O U R E S G P R I N C I P L E S 8

E S G I N O U R I N V E S T M E N T P R O C E S S 1 0

E N V I R O N M E N TA L : P R O V I D I N G S U S TA I N A B L E S O L U T I O N S 12

Addressing climate change 13

Accelerating the decarbonization of global electricity grids 14

Protecting biodiversity 18

Managing water and waste resources 19

Green financings 21

S O C I A L : B U I L D I N G T R U S T 2 2

Enhancing community relations 23

Workplace health and safety 25

Diversity and inclusion 30

G O V E R N A N C E : B U I L D I N G A B U S I N E S S R E S P O N S I B LY 3 2

Ethical buisness conduct 33

Responsible corporate governance 35

Asset and information and security 38

I N D U S T R Y R E C O G N I T I O N A N D E N G A G E M E N T 3 9

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Brookfield Renewable

Brookfield Renewable Partners is a globally diversified, multi-technology, pure-play renewable power company. We are one of the largest owners, operators and investors in renewables globally with over $50 billion in total power assets, 19,000 megawatts of hydro, wind, storage, solar and distributed generation assets managed by approximately 3,000 employees in 17 countries.

Our business model is simple: we invest in assets that help to accelerate the decarbonization of the global economy, operate these assets in a responsible manner, and manage risks with a long-term horizon. With over a century of operating experience, the disciplined integration of environmental, social and governance (ESG) principles is a fundamental component of our goal to create long-term value for our investors.

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19,000MWINSTALLED CAPACIT Y

$50BA SSETS UNDER MANAGEMENT

13,000MWRENEWABLE POWER

GENER ATION DEVELOPMENT PIPELINE

5MILLIONHOMES POWERED

BY CLEAN RENEWABLE POWER

17COUNTRIES

5,274RENEWABLE

POWER FACILITIES

Our Global Presence

$29 BillionIN TOTAL POWER ASSETS

8,900 MEGAWATTSNORTH AMERICA

$12 BillionIN TOTAL POWER ASSETS

4,900 MEGAWATTSSOUTH AMERICA

$8 BillionIN TOTAL POWER ASSETS

4,200 MEGAWATTSEUROPE

$1 BillionIN TOTAL POWER ASSETS

1,000 MEGAWATTSASIA

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At Brookfield Renewable, we have over 120 years of experience operating critical, long-duration electricity assets. With this depth of experience comes the understanding that maintaining a social license to operate is central to preserving capital, mitigating risk, and creating long-term value. Fundamentally, strong ESG practices drive further economic value to our business and inherently create higher barriers to entry. Most importantly, operating a business with strong ESG principles is just the right thing to do. As such, we integrate relevant ESG considerations into our investing and operating strategies. We believe this philosophy creates an inherent alignment of interest between us and our partners, investors and stakeholders. We are therefore pleased to be publishing our inaugural ESG report to showcase the on-the-ground work we do to embed environmental, social and governance principles into our operations.

As one of the largest owners, operators and investors in renewable power assets globally, we are helping to accelerate the decarbonization of electricity grids. Our carbon footprint is one of the lowest in the sector, and our annual generation of 57 terawatt-hours avoids approximately 27 million metric tons of carbon dioxide emissions annually. With our development pipeline, we would create enough carbon free power to displace an additional 17 million metric tons of carbon dioxide per year. To put this into perspective, just from our existing fleet today, we displace all of the carbon dioxide emissions generated by London, England each year. As a result, we provide multiple avenues for investors and customers to participate in the green economy. We offer public investors access to one of the largest public, pure-play renewable power companies globally. As one of the largest issuers of green bonds globally, we offer debt investors the ability to invest in our renewable power portfolio or in assets directly. Finally, we offer customers the ability to procure renewable generation across multiple technologies, and in 2020, we have nearly 18,000 gigawatt-hours contracted with commercial and industrial customers, power authorities and utilities alike across all our core regions.

We are key partners to all our stakeholders, and as operators of critical infrastructure, maintaining socially responsible practices – from health and safety to community relations to environmental protection – is a critical component of operations. We have a health, safety and environmental incidents culture focused on zero high-risk incidents, being events that could have resulted in injuries to people, or severe impacts to our operations or the environment. We actively engage with community groups that might be affected by our actions to ensure that their interests, safety and well-being are appropriately integrated into our decision-making, and we use our resources to contribute directly to projects, non-profit organizations, and recreational and educational programs.

CEO Statement

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We operate with the highest ethical standards, conducting our business with integrity. We aim for best practice, not basic compliance. We are also strengthening our practices to ensure that our ESG strategy is scalable by formalizing additional ESG principles into the strategic planning of each businesses, and in our regular reporting on ESG initiatives to our Board of Directors.

As our business grows, our ESG strategy will continue to evolve with it, and we remain focused on identifying and implementing new processes to continue to identify and track areas for potential improvement. We also welcome continued dialogue with our investors and other stakeholders to ensure that we are managing and communicating relevant ESG information in a way that is most useful and transparent.

We thank you for your ongoing support.

Sachin Shah Chief Executive Officer Brookfield Renewable Partners

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Our ESG Principles

We seek to manage our investments with integrity, balancing economic goals with good corporate citizenship.

Ensure the well-being and safety of employees

Be good stewards in the communities in which we operate

EMPLOYEE WELL-BEINGMeet or exceed all applicable labor laws and standards in jurisdictions where we operate, which includes respecting human rights, offering competitive wages and implementing non-discriminatory hiring practices

HEALTH AND SAFETYAim to have zero high-risk incidents within our businesses by working towards implementing consistent health and safety principles across the organization

COMMUNITY ENGAGEMENTEngage with community groups that might be affected by our actions to ensure that their interests, safety and well-being are appropriately integrated into our decision-making

PHILANTHROPY

Encourage our employees to participate in and give back to the communities in which we operate

Mitigate the impact of our operations on the environment

Conduct business according to the highest ethical and legal/regulatory standards

ENVIRONMENTAL STEWARDSHIP

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

GOVERNANCE, ETHICS AND FAIRNESS

Operate with high ethical standards by conducting business activities in compliance with applicable legal and regulatory requirements, and with our Code of Business Conduct and Ethics

TR ANSPARENCY

Be accessible to our investors and stakeholders by being responsive to requests for information and timely in our communication

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ESG in our Investment Process

To formally incorporate ESG diligence into our investment process, we undertake the following steps for each potential investment:

DUE DILIGENCE

1Utilize our internal ESG guidelines to define project scope and conduct initial screen of ESG issues

Ensure compliance with ESG standards via a review of publicly available information and documents requested from the company, followed by site visits

Determine where to engage third parties with technical and geographical expertise

Identify ESG value- creation opportunities

INVESTMENT DECISION

2Develop a post-acquisition ESG action plan

Prepare presentation for the Investment Committee that details all material findings from ESG due diligence

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INVESTMENT DECISION

Investment Committee makes investment decision, taking into account the identified ESG factors

ONGOING MONITORING

3Prioritize and revisit critical issues on an ongoing basis

Work with company management on priorities for ESG-related performance improvements

Track relevant ESG KPIs

Continually look for ways to create value by improving management of ESG factors

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Environmental: Providing Sustainable Solutions

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Addressing Climate Change

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We understand that climate change poses a serious threat to communities, businesses and ecosystems around the world. We are determined to support climate change mitigation throughout our operations, and we are working to ensure that we continue to be well positioned for the opportunities that are expected to arise from the transition to a low-carbon economy. We are taking steps to understand the potential physical effects of climate change on our portfolio, and, at the same time, we have initiatives underway to preserve our low carbon footprint and measure the impact of climate change within our business that follow a three-pronged approach:

OFFER SOLUTIONS TO SUPPORT THE DECARBONIZATION OF THE WORLD

The global economy is in the early stages of a transformation from reliance on fossil fuel-related energy sources to a low-carbon economy. At Brookfield Renewable, we actively work to continue to position the business to be a meaningful participant in the decarbonization of the globe.

MEASURE, REDUCE, AND AVOID GHG EMISSIONS

We measure our GHG emissions with a focus on reporting avoided emissions, meaning GHG emissions that would have been produced had our electricity been sourced from non-renewable fossil fuels. In addition, we aim to maintain our carbon footprint as one of the lowest in the electricity sector.

CONDUCT CLIMATE CHANGE RISK ASSESSMENTS

As a renewable energy business, we are aware that our assets may be adversely impacted by climate change. We therefore monitor climate risks as part of our overall risk assessments.

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ACCELERATING THE DECARBONIZATION OF GLOBAL ELECTRICITY GRIDS

Through our renewable power asset portfolio, we are helping to accelerate the decarbonization of global electricity grids.

We develop, own and operate approximately 19,000 megawatts of renewable power assets and, as such, we recognize that our business relies on natural resources and that in order to ensure the availability, stability and sustainability of these resources, we must be responsible stewards of our natural environment. We strive to comply with all local environmental laws and regulations and have not encountered any major environmental incidents in the last five years.

GROWING OUR RENEWABLE POWER PORTFOLIO

Our portfolio has approximately 19,000 megawatts of capacity and annualized long-term average generation of approximately 57,000 gigawatt hours, of which 95% is sold on a contracted basis in 2019.

Capacity (MW) LTA (GWh) Storage Capacity (GWh)HYDROELECTRICUnited States 2,885 11,982 2,523Canada 1,361 5,177 1,261Colombia 2,732 14,485 3,703Brazil 946 4,924 -WINDUnited States 1,888 6,898 -Canada 482 1,437 -Europe 1,056 2,436 -Brazil 552 1,901 -Asia 660 1,650 -SOLARUtility 2,258 4,691 -Distributed Generation 775 1,085 -

Storage 2,698 - 5,220Other 590 - -

TOTAL 18,883 56,666 12,707

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POWERING CUSTOMERS WITH CLEAN RENEWABLE ENERGY

Our portfolio’s generation helped to avoid approximately 27 million metric tons of CO2 emissions

on a net basis in 2019. With our development pipeline, we expect to create enough carbon free power to displace an additional 17 million metric tons of carbon dioxide per year. Our total estimated emissions, as calculated by a third-party sustainability consulting company, are approximately 229,617 tons of CO2e with a gross intensity of 5.42 kg CO2e per megawatt hour.

In 2019, we added measurement of our Scope 3 emissions, in addition to the Scope 1 and Scope 2 sources. We focused on Scope 3 emissions generated from business travel – specifically, air travel – as this is the most significant Scope 3 emission source in our business. For 2019, our total Scope 3 emissions were approximately 1,177 tCO2e. As a business, we will continue to focus on limiting the impact of our emissions through Scope 1 and Scope 2 as well as Scope 3 sources. Going forward, we will continue to measure emissions from air travel, as we believe this is a meaningful metric to monitor as our business grows.

1 GHG emissions from sources that are owned or controlled by an organization. Emissions are included for all generation assets, corporate entities and subsidiaries for which Brookfield Renewable has operational control.

2 GHG emissions that result from the generation of purchased or acquired electricity, heating, cooling, and steam consumed by an organization, Emissions are included for all generation assets, corporate entities and subsidiaries for which Brookfield Renewable has operational control.

Emission Sources 2018 Emissions (tCO2e) 2019 Emissions (tCO2e) % of TotalScope 1: Direct Emissions1 101,123 68,641 30%

Scope 2: Indirect Emissions2 181,176 160,976 70%

Total Scope 1 and 2 Emissions 282,299 229,617 100%

Total Scope 3, Category 6 Emissions N/A not measured in 2018 1,177

27million tCO2e OF AVOIDED EMISSIONS IS EQUIVALENT TO:

6 millionvehicles from the road annually

9milliontons of waste recycled instead of landfilled

5millionhomes’ electricity use for one year

450milliontrees planted

nearly allof London, England’s emissions in one year

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OPPORTUNITY TO REDUCE CO2 EMISSIONS

Our 820 MW Sogamoso hydro facility in Colombia qualified under the Clean Development Mechanism – a mechanism defined within the Kyoto Protocol to facilitate sustainable development – and became the country’s largest contributor to the reduction of Colombia’s greenhouse gases, with 1.4 million tons of CO2 equivalent emissions avoided each year. This year, we sold over 500,000 Certified Emissions Reduction (CERs) units, generating nearly $2 million, and we expect to sell additional CERs in the upcoming year.

Analyzing the Long-Term Impact of Climate Change on our Business

ESTABLISHING A FRAMEWORK

As a renewable energy business, we continually assess the risks associated with climate change and integrate mitigation tools into our operating strategy. While available science and statistical analysis suggest that climate change is not expected to meaningfully impact our generation in the medium term, the science is continuously evolving. Consistent with how we approach investments decisions and conduct our operations, we focus on climate change risks from a long-term perspective. Therefore, we prioritize monitoring advancements in climate change research to ensure we appropriately consider relevant findings and apply them to our business. Additionally, there is ample evidence that extreme weather events are increasing in frequency and intensity; as such, our focus continues to be on ensuring our operations are adequately prepared:

SOUND DAM SAFETY MANAGEMENT· We regularly review our dam safety protocols and implement incremental enhancements to protect us against the potential impacts of climate change at our facilities

· We employ an approach to dam safety that is based on the knowledge gained from our deep operating expertise and long-term ownership of renewable assets

· An integral element to our long-term success is to operate our assets with a high degree of reliability, so we ensure our program adheres to best industry practices

EFFECTIVE OPERATING PROCEDURES· We rely on the deep operating expertise of our people and regularly assess our operations to ensure our processes and procedures appropri-ately consider all critical risks, including severe or adverse weather events, and identify areas for improvement

ROBUST EMERGENCY PREPAREDNESS PLANS· We employ effective emergency preparedness plans that are applied throughout our business, where we involve external response agencies in the development and testing stages

· Our plans are comprehensive and include failure scenarios as well as weather-specific preparation, such as flood maps at our hydro facilities where heavy water flows are a risk

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FOCUSING ON RISK MANAGEMENT

In the first phase, we are performing a risk mapping exercise, where we have segmented our assets by technology and geography and are assessing both the transitional and physical risks associated with each asset. We are performing a preliminary assessment of the most critical transitional risks – related to macro-factors including political, legal and energy market considerations – and physical risks – related to extreme weather, such as rising temperatures or heavy rainfall. We are comfortable at this stage in our process that, on a global basis, the risks in these areas are sufficiently low and well managed given the nature of our renewable portfolio and our best-in-class operating program. In the next stage of our analysis, we will employ a more localized approach, where we assess specific risks by region. Over the course of 2020, we will also begin evaluating the impacts and associated risks of individual assets within our portfolio. We have built a business that is safeguarded against climate-related risks and have made good advancements, supported by the TCFD framework, to understand and evaluate the climate-related financial risks of our business.

APPLYING THE TCFD FRAMEWORK

We have a climate change working group, whose mandate is to further assess the impacts of climate change on our business and, ultimately, increase transparency of climate-related financial risk disclosures, through a phased implementation of the components of the Task Force on Climate- related Financial Disclosures (TCFD) framework. The TCFD has developed voluntary and consistent climate-related financial risk disclosures for use by companies in providing information to investors and other key stakeholders. We are currently assessing all four areas of the framework, with our first detailed area of focus being “Risk Management”.

ELEMENTS OF THE TCFD FRAMEWORK

GOVERNANCE

Disclose the organization’s governance around climate-related risks and opportunities

STRATEGY

Disclose the actual and potential impacts of climate-related risks and opportunities on the organization’s businesses, strategy, and financial planning where such information is material

RISK MANAGEMENT

Disclose how the organization identifies, assesses, and manages climate-related risks

METRICS & TARGETS

Disclose the metrics and targets used to assess and manage relevant climate-related risks and opportunities where such information is material

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PROTECTING BIODIVERSITY

We strive to be leaders in the protection and enhancement of natural ecosystems and biodiversity.

To do this, we develop an understanding of the environments in which we operate, including our proximity to protected areas and the presence of species. We invest in innovative solutions and improve our capacity to mitigate residual impacts on ecosystems and biodiversity.

Innovative fish passage SolutionsSeveral of our hydroelectric assets include fish passages designed to improve the migration of fish species. We are always looking for improved technologies that can protect species while preserving the economic benefits of our assets.

DESIGN AWARD AT KOKISH HYDRO FACILITY

When developing our Kokish Hydro Facility in British Columbia, a partnership with the ‘Namgis First Nations, we implemented an innovative “fish-first” concept, that considered the enhancement and protection of eight culturally significant fish species (Coho, Chinook, Chum, Pink Salmon, Sockeye Salmon, Cutthroat, Steelhead, and Rainbow Trout). This state-of-the-art passage includes a fish ladder, allowing fish to swim upstream safely. The Kokish hydroelectric project won the 2015 Social Respon-sibility Award from the Canadian Electricity Association, the 2015 Award of Excellence of the Canadian Consulting Engineering Awards, and the 2019 Environmental Stew-ardship Award from the Clean Energy Association of British Columbia.

INNOVATIVE NATURE-LIKE FISHWAY AT THE OSWEGATCHIE RIVER HYDRO IN NEW YORK STATE

Over the last four years, we have developed innovative, fishways that use the natural terrain of the river and shoreline to emulate natural river channels. They can accommodate a broad range of migratory fish species and sizes. The fishways represent the first of their kind installed in New York State, and the second in the entire U.S. Northeast. In the spring of 2018, more than 2,000 migratory fish across 14 species were recorded over five days, confirming the success of the fishways. Brookfield Renewable’s efforts were honored by the National Hydropower Association, and we were awarded the 2019 Outstanding Stewards of America’s Waters.

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ReservoirsTo better understand the impact of reservoirs on GHG emissions, we reviewed the methodologies of the International Hydropower Association (IHA) and the Centre for Energy Advancement through Technological Innovation (CEATI) to stay abreast of the latest advance-ments in GHG emissions research and calculation methodology. Through that assessment process, we concluded that our reservoirs do not contribute to global GHG nor methane emissions in any significant way.

MANAGING WATER AND WASTE RESOURCES

We monitor water levels on reservoirs and rivers across our hydroelectric facilities to limit our environmental impact.

As owner-operators of hydroelectric assets, we do not withdraw water nor consume it. Water flows through our hydroelectric stations and is returned to the rivers.

As a global renewable energy company, we own and operate 19,000 MW of capacity at over 5,000 renewable power facilities, generating almost 57,000 GWh of energy a year. We consume water at only six facilities – two thermal and four biomass plants. In total, these assets comprised less than 0.2% of our total generation, and consumed approximately three million cubic meters of water in 2019, which is equivalent to the water consumption of a standard 200 MW thermal generation facility compared to our fleet of 19,000 MW (~100 times the capacity).

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Recycling Management – Solar Module Recycling (India)As we diversify our business and deploy capital into new regions, we work to familiarize ourselves with new geographies and adapt our global business practices to the local environment. In India, there is no specific regulation in place regarding recycling methods for solar panels, meaning you can dispose of damaged, cracked, or defective solar waste as general waste to local landfills. Part of our commitment to the environment involves implementing appropriate recycling procedures, to reduce the risk that we may

cause any harmful impacts to the soil and groundwater. Therefore, our local team developed an environmentally friendly recycling solution. In 2019, we identified a local, recycling provider in the region of Gujarat that to date has recycled 20% of our total accumulated solar panels. We continue to recycle more through this provider as well as to source other options, both local and international, for recycling solar waste products.

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GREEN FINANCINGS

We continue to advance our green financing strategy in order to capitalize on growing demand for renewable

debt products and diversify our debt investor base.To date, we have issued six green bonds, at both the corporate- and project-levels, and a sustainability-linked loan, totaling approximately $2.4 billion. During the fourth quarter of 2019, we also closed our first incentive-linked corporate revolving credit facility, that will allow us to reduce our cost of borrowing as we continue to accelerate the decarbonization of global electricity grids. As our business grows, we will continue to position our capital in ways that are meaningful and well aligned with our ESG-oriented investors. This year, we have executed on the following sustainable financings:

Size Date Issued Maturity

CORPORATE GREEN BONDS

Corporate Green Bonds C$600 million September 2019First tranche: January 2030Second tranche: November 2049

PROJECT LEVEL GREEN BONDS

Mississagi Power Trust Hydro Asset C$630 million December 2019 November 2029

OTHER

Sustainability-Linked Loan C$50 million January 2020 January 2025

$2.4 billionTOTALING

6 GREEN BONDS AND A SUSTAINABILITY-LINKED LOAN,TO DATE, WE HAVE ISSUED

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ENHANCING COMMUNITY RELATIONS

Proactively engaging with communities is integral to our operations: it creates an alignment of values

and earns us our social license to operate.

We cultivate local relationships by directly engaging with communities, often through in-person meetings with landowners, business owners, recreational organizations and NGOs. We also contribute to community projects, non-profit organizations, local tourism, and recreational and educational programs.

KidWind IrelandIn Ireland, we are the proud sponsors of the KidWind program, which provides in-school training for teachers and students about wind energy in the country. In addition, we host open houses at our facilities annually and provide public tours, where we discuss renewable energy on World Wind Open Day.

Community engagementIn 2019, we partnered with a variety of local organizations, with a focus on key areas such as support for economic development, education and research, health, well-being, quality of life, environment impact mitigation, and project conversation.

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Supporting the local economy in BrazilAs part of the development of the Barra do Braúna hydro facility in Brazil, we collaborated with regulators and municipalities to stimulate the local economy and support social and cultural programs for local residents. Over the course of five years, we invested more than R$5 million in socioeconomic and environmental initiatives — including fish farming, rubber tree and native plant species production, and dairy farming.

Community consultation on the Palagua Hydroelectric Project in ColombiaAs part of the environmental impact assessment process for our Palagua Hydroelectric Project, in Antioquia, Colombia, we carried out intensive social and environmental studies. Dialogue with local communities was conducted through 20 workshops. During this phase of consultation, over 2,000 engaged citizens had an opportunity to learn about the project and share their views and knowledge.

Transfer of Culturally Significant Land to Indigenous PeoplesOur acquisition of the School Street hydroelectric facility in Waterford, New York included land of high cultural significance: the world’s oldest alliance of free nations, the Haudenosaunee Confederacy (the Six Nations Iroquois) was formed on the site. Given its importance, we identified and approached the Hiawatha Institute for Indigenous Knowledge (HIIK) and formed an agreement to transfer the 100 acres of sacred land to them.

Giving Back Volunteer work is an important opportunity to provide support and demonstrate our appreciation through community involvement. We raised $5.5 million in the year in charitable donations across over 500 charitable organizations. Notable organizations supported include:

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WORKPLACE HEALTH AND SAFETY

As owners and operators of critical electricity infrastructure assets, managing the health and safety of our employees and

all the people who access our facilities is our top priority.

We take a proactive approach that goes well beyond minimum regulatory requirements to ensure we are protecting our stakeholders.

We have a comprehensive health and safety training program in which all employees and contractors must participate. We also have a zero high-risk incidents culture, which is outcome versus event driven, meaning our policies, training and investigations are focused on managing potential high-risk incidents.

OUR HEALTH AND SAFETY FRAMEWORK IS FOUNDED ON THE FOLLOWING PRINCIPLES:

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Senior executives are accountable for health and safety at their businesses

Health and safety systems are tailored to company-specific risks and integrated into the management of the business

Health and safety performance is measured and systems are reviewed regularly to identify areas for improvement

Policies and procedures apply to our employees, contractors, subcontrac-tors and take into consid-eration the protection of the public in general

Training programs ensure that employees have the necessary skills to conduct their work safely and efficiently

If a serious safety incident occurs, we oversee the conduct of an in-depth investiga-tion to determine root causes and formulate remediation actions

Transparency and learning from experience is promoted to continu-ously improve our management systems and performance

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To effectively monitor our progress, we have set out the following key performance indicators to benchmark our growth and success. Our performance to date demonstrates the overall success of our planning and preventative measures, but advancements in our workplace health and safety standards are always top of mind:

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31 AVERAGE HEALTH & SAFETY TRAINING HOURS PER EMPLOYEE

Health & safety starts with training. All employees and contractors must participate in a comprehensive training program to ensure they are well-equipped to fulfill their responsibilities.

IMPROVING FREQUENCY RATE OF HIGH-RISK INCIDENTS

At Brookfield Renewable, we focus on incidents of a high-risk nature, regardless of whether they resulted in injury, so that we can preventatively address any potential concerns. During 2019, we recorded a high-risk frequency rate of 0.9 incidents for every 1,000,000 hours worked by Brookfield Renewable employee or contractor, continuing a downward trend over the last 15 years. Our goal is to continue improving our performance in this regard, with an ultimate goal of a high-risk frequency rate of zero.

Note: The high-risk incident figures exclude our investment in TerraForm Power

HIGH-RISK INCIDENTS HIGH-RISK FREQUENCY RATE

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Installation of Holtwood Boat Barrier (U.S)Health and safety precautionary measures, for both employees and communities, are top priority. This year, we installed a state-of-the-art boat barrier at our Holtwood hydroelectric facility, on the Susquehanna River in Pennsylvania. The barrier is a preventative, public safety measure and will ensure that boaters and recreators are cautioned about the potential hazards of the dam.

Improving Isagen’s Health and Safety ProgramIn 2016, we acquired an interest in Isagen, a large owner -operator of renewable energy in Colombia, with a 3,000 MW hydroelectric portfolio. As with all our investments, we performed a gap assessment as part of our due diligence, which considered ESG and, particularly, health and safety procedures. Since our acquisition, we performed another, more comprehensive analysis and have undertaken steps to enhance Isagen’s health and safety system, with a shift in focus to high-risk incidents. Our goal is to achieve zero high-risk incidents, through the participation of workers, contractors, and management. To do this, we first established a solid “tone at the top”, so that strong health and safety principles are communicated from leadership to employees as well as contractors. We also implemented critical processes throughout all our facilities such as the “lockout-tagout” procedure, where equipment is isolated and shut off, so it is not able to start up again prior to completion of the work. Other key outcomes include centralizing our security system, by creating a system control centre in Medellin, and refining our record-keeping, through comprehensive incidents reports that comprise both investigative measures and restorative actions taken. Through such initiatives, we have strengthened the health and safety program and enhanced our focus on high-risk events, while emphasizing the importance of training and planning as an effective means of prevention. As a result, high-risk incidents at Isagen are nearly 70% lower than they were at the time of our acquisition.

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ALIGNING NEW INVESTMENTS WITH OUR SAFETY CULTURE

We conduct due diligence on acquisitions to gain a solid understanding of the health and safety culture present in the business joining our portfolio. Immediately after the closing of acquisitions, we execute on our post-acquisition ESG plan to ensure alignment with our health and safety principles and practices. As recognition for our program, our Holtwood hydro facility, acquired in 2016 and located in Pennsylvania, was recertified this year under the Voluntary Protection Program (VPP) of the Occupational Safety and Health Administration (OSHA). The certification recognizes the exemplary occupational safety and health performance delivered by our employees and contractors under our health and safety system.

Public Safety at Sogamoso, ColombiaOur Sogamoso hydro project has been recognized by international institutions for its best practices in managing infrastructure and public safety. Key components in the development of the 820 MW hydro facility included infrastructure and public safety assessments, monitoring according to a wide range of scenarios, and successful testing of efficient emergency preparedness and response measures, complemented by roads, bridges and tunnels to improve public safety.

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WE ENSURE THE WELL-BEING OF OUR EMPLOYEES

We respect human rights, offer competitive wages and implement nondiscriminatory, fully inclusive hiring practices

UNIONIZED EMPLOYEES:

Engaging with labor organizations positively impacts our workforce and our communities:

HUMAN RIGHTS POLICIES

ANTI-SLAVERY AND HUMAN TRAFFICKING POLICY

POSITIVE WORK ENVIRONMENT POLICY

RESPONSIBLE CONTRACTOR PRINCIPLES

We are committed to preventing human trafficking and modern slavery. We work to promote governance that reflects our high standards. These risks are assessed in our business and supply chains by applying the principles of Brookfield’s Anti-Slavery and Human Trafficking Policy, which includes relationships with our contractual counterparties. We expect our suppliers to share those values.

Integrity, fairness and respects are hallmarks of our culture, and we are committed to a positive, open and inclusive work environment free from discrimination, violence and harassment. All our employees take on an active role in achieving a safe and respectful work environment.

We continuously strive to achieve excellence with respect to our contracting practices and have adopted organization-wide principles that are applied when selecting third-party, independent contractors. These include providing fair wages and fair benefits in the context of local market factors, maintaining a workplace health and safety program and avoiding discrimination against unionized contractors, among others.

Country Number of Employees

% of Employees Covered Under Collective Agreements

Corporate 202 0%

United States1 745 32%

Canada 235 35%

Brazil 502 100%

Colombia 599 87%

Europe 176 0%

Asia 136 7%

Total 2,595

1 The United States employees reflect our investment in TerraForm Power

We meet or exceed all applicable labor laws and standards in jurisdictions where we operate

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DIVERSITY AND INCLUSION

Our talent management approaches focus on creating opportunities and supporting our employees in unlocking their

full potential.

We focus on diversity and inclusion from the recruitment stage, through leadership training programs, and within our policies and procedures. We leverage the benefits of diversity by upholding an inclusive environment that encourages contributions from all individuals and provides equal development and advancement opportunities.

A STRONG WORKFORCE MEANS DIVERSE DEMOGRAPHICS:

Engaging with our employees and communitiesBrookfield Women’s Networks fosters a learning and networking community of women in various roles and at all levels of the company, within Brookfield Renewable and across all Brookfield’s business groups. Through a wide variety of events and initiatives, the group provides a valuable forum to explore and discuss opportu-nities and challenges facing professional women. The network convenes regularly to hear from each other and outside speakers, opening a dialogue on a broad range of topics that pertain to their careers and personal lives. The group pursues relevant discussions and tangible initiatives that can have a real impact on its members and our communities. Our areas of focus include networking, relationship building, industry education and philanthropy.

WE INVEST IN OUR EMPLOYEES TO ENSURE THEY ARE MOTIVATED:

Number of Employees % of Total

TOTAL EMPLOYEES 2,595

GENDER

Male Employees 1,940 75%

Female Employees 655 25%

AGE

Younger than 25 54 2%

25 to 29 years old 263 10%

30 to 39 years old 973 38%

40 to 49 years old 711 27%

Older than 50 594 23%

EMPLOYEE TYPE

Permanent – Full Time 2,588 100%

Permanent – Part Time 7 0%

145 9% 4%Net new jobs created

Voluntary employee Turnover

Involuntary Employee Turnover

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PROMOTING DIVERSITY FROM THE SENIOR MANAGEMENT LEVEL:

We have a “Board Diversity Policy”, established with the belief that the Board of Directors should reflect a diversity of backgrounds relevant to its strategic priorities. This includes such factors as diversity of business expertise and international experience, in addition to geographic and gender diversity.

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the Board of Directors currently has seven directors

six are independent

two are female and independent

40% 29% 33%of our executive management team is made up of women

of the Board of Directors is made up of women

of the Board’s independent directors are women

FOSTERING DIVERSITY THROUGH HUMAN CAPITAL INITIATIVES

Our robust retention and recruitment processes focus on creating opportunities and supporting our employees in unlocking their full potential:

RETAINING TOP TALENT

We have a “grow from within” approach to the development of our people, with a focus on providing employees a diverse range of opportunities through internal mobility across business groups, functions and regions

We take an active role in identifying emerging talent across our organization to support our succession planning

PROMOTING A FEEDBACK CULTURE

We have an annual performance assessment process, where employees receive feedback and set clear objectives for the following year

Our leadership teams receive training focused on managing performance discussions and employee development

COMPREHENSIVE COMPENSATION AND BENEFITS PACKAGES

Our competitive compensation packages appropriately consider market practices so that we attract and retain top talent

Our long-term incentive plans align employees with our organization’s long-term value creation proposition

INCREASING FOCUS ON RECRUITMENT

As our business evolves, our recruitment initiatives grow with it

The diversity of candidates identified through our recruitment processes is a key consideration in building a broad talent pool across the organization

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Governance: Building a Business Responsibly

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ETHICAL BUSINESS CONDUCT

We operate with the highest ethical standards, conducting our activities with honesty and integrity

and in compliance with laws and regulations.

We work to maintain sound governance practices to promote the accountability of our company and ongoing investor confidence. This involves a continual review of how evolving legislation, guidelines and best practices should be reflected in our approach.

ETHICAL BUSINESS CONDUCT – POLICY FRAMEWORK

Our governance policy framework for operating businesses in which we have a controlling interest includes several noteworthy components, and we ensure that our employees adhere to these high standards:

Code of Business Conduct and EthicsEach operating business is required to adopt our Code of Business Conduct and Ethics or ensure that existing practices are consistent with it and equal in substance. Each of our employees is also required to certify compliance with the Code of Business Conduct and Ethics annually.

Anti-bribery and corruption (ABC) policyWe have a zero-tolerance approach to bribery, including facilitation payments, and we require that our operating businesses adopt equally stringent ABC policies. Each employee is required to complete annual ABC training.

Ethics hotlineWe require every operating business to have a whistle- blower hotline in operation less than a month after acquisition. We also take measures to ensure that every employee is aware of the existence and purpose of the hotline.

Conflicts of interest policyAs part of our obligation to act in the best interest of our investors, we adhere to a rigorous conflict of interest policy. Each potential investment is screened for possible conflicts and, if they are identified, they are elevated for review to the Brookfield Conflicts Committee, which is overseen by several senior executives and the Chief Compliance Officer of Brookfield, prior to execution of the transaction.

Personal trading policyWe maintain a stringent personal trading policy. Employees who are actively involved in recommending or making investment decisions on an ongoing basis, as well as their family members living in the same household, are restricted from being involved in trading with any non-Brookfield Renewable equity securities. This trading policy exceeds the standard legal requirements, which mandate only preclearance of employees’ trades.

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Best practices in our expanded global renewable footprint As we acquire global investments, we ensure that the principles and values addressed in our ethical conduct policies are well integrated into each new business. As part of this, we provide employees access to our ethical training program.

Contractors and suppliers in-line with our valuesAs part of our procurement process, our contractors are required to adhere to our Code of Conduct and Business Ethics as well as our Anti-Bribery and Anti-Corruption Policy.

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RESPONSIBLE CORPORATE GOVERNANCE

We integrate ESG into our decision-making, processes and management systems.

From our Board of Directors to the CEOs of our operating businesses and the executives on the ESG Steering Committee, there is full engagement of our leadership in the implementation of our sustainability program.

Integrating ESG into our management practices ESG principles are part of the strategic planning of each of our operating businesses. The CEO of each business is responsible for setting goals, creating action plans and monitoring performance relating to the priorities they established based on our ESG principles and their local priorities.

BOARD OF DIRECTORS

Our Board of Directors oversees strategy and priorities, monitors the performance of our operating businesses and approves global policies.

CEOs

The CEO of each operating business is responsible for the preparation and implementation of an ESG strategy and three-year plan aligned with our ESG principles and priorities.

ESG STEERING COMMITTEE

Composed of the Senior Executives of each business, the ESG Steering Committee ensures consideration of the ESG program into decision making. It establishes a policy framework, sets goals for each priority and monitors progress and performance.

RESPONSIBILITIES FOR ESG MATTERS ARE AS FOLLOWS:

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AUDIT COMMITTEE

The audit committee is responsible for items related to our accounting and financial processes, the integrity and audits of financial statements, compliance with legal and regulatory requirements, and the qualifications, performance, and independence of our independent accountants.

The audit committee is comprised of three independent directors: Patricia Zuccotti (Chair), David Mann, and Eleazar de Carvalho Filho

NOMINATING & GOVERNANCE COMMITTEE

The nominating and governance committee is responsible for assisting and advising the Managing General Partner’s Board of Directors with respect to matters relating to the general operation of the Board of Directors, Brookfield Renewable Partners’ governance, the governance of the Managing General Partner, and the performance of its Board of Directors, individual directors, and Brookfield Renewable entities

The nominating and governance committee is comprised of three independent directors: David Mann (Chair), Lou Maron, and Nancy Dorn

THE BOARD OF DIRECTORS HAS TWO COMMITTEES:

Name Position Gender Status (Independent) Nationality Date of Last Appointment

Jeffrey Blidner Chair Male No Canada 28 Nov 2011

Eleazar de Carvalho Filho Member Male Yes Brazil 28 Nov 2011

Nancy Dorn Member Female Yes United States 31 Jul 2019

Stephen Westwell Member Male Yes United Kingdom 31 Jul 2019

David Mann Lead Independent Director Male Yes Canada 28 Nov 2011

Lou Maroun Member Male Yes Canada 28 Nov 2011

Patricia Zuccotti Member Female Yes United States 28 Nov 2011

BOARD OF DIRECTORS

As part of our commitment to good corporate governance, we continue to strengthen Brookfield Renewable’s Board of Directors’ and management’s accountability to maintain public trust and promote the long-term interests of our stakeholders.

OUR BOARD OF DIRECTORS COMPOSITION IS AS FOLLOWS:

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We have entered into our Master Services Agreement with Brookfield Asset Management (“Brookfield”) whereby Brookfield arranges for management services to be provided to Brookfield Renewable Partners. Pursuant to our Master Services Agreement, members of Brookfield’s senior management and other individuals from Brookfield’s global affiliates are drawn upon to fulfill obligations under our Master Services Agreement.

KEY BOARD ATTRIBUTES AND FUNCTIONS INCLUDE:

At least three directors and at least a majority of directors must be independent on the Board of Directors

Business continuity plan in place and discussed at Board meetings

Private sessions of independent directors after each Board and committee meeting

Risk oversight by the Board and the Risk Management and Audit Committees

Annual Board and committee self-evaluations

All directors attend 100% of meetings

Maintain a robust Code of Conduct

Only independent directors on Audit, Governance and Nominating, and Management Resource and Compensation Committees

Board Diversity Policy to ensure that the Board of Directors reflect a diversity of backgrounds relevant to its strategic priorities

ESG oversight, including an HSS&E Steering Committee to ensure safety is regarded as a top priority

OUR EXECUTIVE MANAGEMENT TEAM

The senior management team is comprised of the following:

Name Role Gender

Sachin Shah Chief Executive Officer Male

Wyatt Hartley Chief Financial Officer Male

Ruth Kent Chief Operating Officer Female

Jennifer Mazin General Counsel Female

Connor Teskey Chief Investment Officer Male

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INDUSTRY RECOGNITION AND ENGAGEMENT

Below are several awards and memberships demonstrating our engagement with the broader sustainability industry.

ESG-RELATED MEMBERSHIPS

• Business for Social Responsibility (BSR)

• International Hydropower Association (IHA)

• Centre for Energy Advancement through Technological Innovation (CEATI)

• Canadian Electricity Associated (CEA)

• WaterPower Canada (WPC)

• Canadian Wind Energy Association (CanWEA)

• Association Quebecoise de production d’energie renouvelable (AQPER)

• Ontario Waterpower Association (OWA)

• Association of Power Producers of Ontario (APPrO)

• Ethos Institute (Instituto Ethos)

ASSET AND INFORMATION SECURITY

Making Security a Priority

As operators of critical infrastructure, we must protect our information and physical assets.

We have established a security program to protect the confidentiality, integrity and availability of information and physical assets. The program is based on an internationally recognized framework and includes appropriate business processes, security technology elements and qualified personnel.

The program addresses key risks and meets compliance requirements. Key elements of the program include security governance, vulnerability management, penetration testing, security monitoring and incident response.

We maintain a cybersecurity policy and our employees have completed over 1,600 cybersecurity training hours in 2019.

The effectiveness of the program is measured through both internal and third-party audits. Additionally, regular reporting is provided to senior management and the Board of Directors.

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AWARDS AND RECOGNITION FOR LEADERSHIP IN SUSTAINABILITY

Social Responsibility Award - Kokish Hydro Facility, Canada.

Sustainable Leadership Award, la Agenda Lideres Sustentables 2020 (ALAS20), Isagen, Colombia.

Sustainability Contribution, Better Hydro: Compendium of Case Studies 2017 - Sogamoso and Miel I Hydro Facilities, Colombia

Medal of Educational and Cultural Merit, for our participation in the project “Strategic Alliances for the Strengthening of the Quality of Education” in Colombia

Certification for compliance with the I-REC Standard (renewable energy certificates) in Brazil

Outstanding Stewards of America’s Waters award for our innovative, nature-like fish passage systems designed at two of our dams – Eel Weird and Huevelton – along the Oswegatchie River in St. Lawrence Country, New York, where we have six hydropower developments

Since 2017, BEP has issued four green bonds through project- level financings for an aggregate value of approximately $1.6 billion. Citing BEP’s environmental steward-ship, commitment to renewable power, and use of proceeds towards renewable power genera-tion, the green bonds received E-1 Green Evaluation scores from S&P – the highest on its scale.

BEP issued two corporate-level green bonds to date – C$300 million in 2018 and C$600 million in 2019 – under its recently implemented Green Bond Framework with proceeds to be used to finance and/or refinance investments in renew-able power generation and to support the development of clean energy technologies. A third-party opinion from Sustainalytics deemed the Framework to be robust, transparent and impactful.

BEP is the largest member by market capitalization of the S&P/TSX Renewable Energy and Clean Technology Index

BEP is committed to sustainable development principles that reduce the impact of our operations and help to manage the underlying water resources efficiently. Low Impact Hydropower Institute (LIHI) certification is a voluntary certification program designed to help identify and provide market incentives for hydropower opera-tions that are minimizing their environmental impacts. BEP has received LIHI certification for 55 hydro facilities across the U.S., more than any other operator, making it the U.S. leader in low impact hydropower generation.1

ECOLOGO is a voluntary certifica-tion indicating that a product has undergone rigorous scientific testing, auditing or both. It demon-strates our facilities’ compliance with stringent environmental performance standards that have been audited by a third party. Across Ontario, Quebec, and British Columbia, 22 of our hydroelectric stations meet these strict standards.

1 This product includes Low Impact Hydropower from facilities certified by the Low Impact Hydropower Institute (an independent non-profit organization) to have environmental impacts in key areas below levels the Institute considers acceptable for hydropower facilities. For more information about the certification, please visit www.lowimpacthydro.org.

The information contained herein is intended solely for informational purposes and is not intended to, and does not constitute, an offer or solicitation to sell or a solicitation of an offer to buy any security, product, or service (nor shall any security, product, or service be offered or sold) in any jurisdiction in which Brookfield Renewable is not licensed to conduct business and/or an offer, solicitation, purchase, or sale would be unavailable or unlawful.

Certain information contained in this publication may constitute “forward-looking statements” as defined in applicable securities laws. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, and include statements regarding Brookfield Renewable’s operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, strategies, and outlook. In some cases, forward looking statements can be identified by terms such as “expects,” “anticipates,” “plans,” “believes,” “estimates,” “seeks,” “intends,” “targets,” “projects,” “forecasts” or negative versions thereof, or future or conditional verbs such as “may,” “will,” “should,” “would” and “could.” Although Brookfield Renewable believes that these forward-looking statements and information are based upon reasonable assumptions and expectations, you should not place undue reliance on them, or any other forward-looking statements or information in this publication. The future performance and prospects of Brookfield Renewable are subject to a number of known and unknown risks and uncertainties. Factors that could cause actual results of Brookfield Renewable to differ materially from those contemplated or implied by the statements in this publication include (without limitation) weather conditions and other factors which may impact generation levels at facilities; economic conditions in the jurisdictions in which Brookfield Renewable operates; ability to sell products and services under contract or into merchant energy markets; changes to government regulations, including incentives for renewable energy; ability to complete development and capital projects on time and on budget; inability to finance operations or fund future acquisitions due to the status of the capital markets; health, safety, security or environmental incidents; regulatory risks relating to the power markets in which Brookfield Renewable operates, including relating to the regulation of our assets, licensing and litigation; risks relating to internal control environment; contract counterparties not fulfilling their obligations; changes in operating expenses, including employee wages, benefits and training, governmental and public policy changes, and other risks associated with the construction, development and operation of power generating facilities. For further information on these known and unknown risks, please see “Risk Factors” included in the Form 20-F of Brookfield Renewable Partners L.P. and other risks and factors that are described therein.

None of Brookfield Renewable, its officers, employees, agents, or affiliates makes any express or implied representation, warranty or undertaking with respect to this document. The information set forth herein does not purport to be complete. Nothing contained herein should be deemed to be a prediction or projection of Brookfield Renewable’s future performance. Except where otherwise indicated herein, the information provided herein is based on matters as they exist as of the date of preparation and not as of any future date, and will not be updated or otherwise revised to reflect information that subsequently becomes available or circumstances existing or changes occurring after the date hereof.

All data as of December 31, 2019, unless noted otherwise. References to Brookfield Renewable are to Brookfield Renewable Partners L.P. together with its subsidiary and operating entities unless the context reflects otherwise. All amounts are in U.S. dollars and presented on a consolidated basis unless otherwise specified.

Notice

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