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Blackrock
BlackRock, Inc., a leading global investment management corporation, is headquartered in the United States and operates extensively across major financial markets worldwide. Founded in 1988, BlackRock has established itself as a pioneer in the asset management industry, focusing on investment management, risk management, and advisory services. The firm is renowned for its innovative technology platform, Aladdin, which integrates risk analytics and portfolio management. BlackRock's diverse range of products includes mutual funds, exchange-traded funds (ETFs), and alternative investments, catering to a broad spectrum of clients from individual investors to large institutions. With over $9 trillion in assets under management, BlackRock is recognised as the largest asset manager globally, consistently achieving significant milestones in sustainable investing and financial technology. Its commitment to responsible investing and client-centric solutions solidifies its position as a trusted leader in the financial services sector.
DitchCarbon Score
How does Blackrock's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Blackrock's score of 38 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Blackrock's reported carbon emissions
As of the latest available data, BlackRock has not disclosed specific carbon emissions figures for recent years. The most recent emissions data available is from 2018, which does not provide detailed scope information or absolute emissions numbers. However, BlackRock has set ambitious climate commitments aimed at significantly reducing its carbon footprint. The company aims to achieve net zero emissions across its operations by 2030, with specific targets for Scope 1 and Scope 2 emissions. By 2025, BlackRock plans to reduce its Scope 1 emissions by 20% and its Scope 2 emissions by 20%, both from a 2019 baseline. Additionally, the company has set a long-term target to achieve a 67% reduction in Scope 1 and Scope 2 emissions by 2030, also based on 2019 levels. In 2023, BlackRock enhanced its criteria for sourcing high-quality carbon removal credits, indicating a commitment to improving its carbon credit portfolio. These initiatives reflect BlackRock's dedication to aligning its operations with sustainability goals and addressing climate change effectively. Overall, while specific emissions data is lacking, BlackRock's commitments demonstrate a proactive approach to reducing its environmental impact and contributing to global climate goals.
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Blackrock is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
