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 59 is higher than 78% 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
In 2023, BlackRock reported total greenhouse gas emissions of approximately 30,189,000 kg CO2e, which includes Scope 1 emissions of about 6,689,000 kg CO2e, Scope 2 emissions of approximately 1,568,000 kg CO2e (market-based), and significant Scope 3 emissions, notably 234,645,000 kg CO2e from purchased goods and services. The company has set ambitious climate commitments, aiming to achieve net zero emissions across its operations by 2030. For near-term targets, BlackRock plans to reduce its Scope 1 and Scope 2 emissions to near zero by 2025. Additionally, it aims for a 67% reduction in Scope 1 and 2 emissions by 2030 from a 2019 baseline. In 2023, BlackRock enhanced its carbon credit procurement processes to support these goals. The company has also reported Scope 3 emissions from employee commuting, with approximately 1,619,000 kg CO2e in 2023. BlackRock's climate strategy is aligned with industry standards, reflecting a commitment to sustainability and responsible investment practices.
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| 2014 | 2017 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 5,756,000 | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 27,409,000 | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
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.
