Blackrock

BlackRock's latest disclosed emissions data for 2024 shows total Scope 1 emissions of 296,000,000,000 kg CO2e, Scope 2 emissions of 63,000,000,000 kg CO2e (market-based: 773,000 kg CO2e; location-based: 22,600,000 kg CO2e), and Scope 3 emissions of 2,302,000,000,000 kg CO2e. The total reported emissions (Scope 1, 2, and 3) for 2024 are approximately 2,661 billion kg CO2e.

Looking back, in 2023, BlackRock reported approximately 2,509 billion kg CO2e for its total Scope 1, 2, and 3 emissions. In 2022, the total emissions were about 2,492 billion kg CO2e (derived from Scope 1, 2 and 3 totals where Scope 1 data was not provided). For 2021, total emissions were around 2,479 billion kg CO2e, and for 2020, approximately 2,437 billion kg CO2e.

BlackRock has established several climate commitments. The company aims to reduce its Scope 1 emissions by 20% and Scope 2 emissions by 20% from a 2019 baseline by 2025. Furthermore, BlackRock has set a target to achieve a 67% reduction of Scope 1 and 2 emissions by 2030, also from a 2019 baseline. The financial services firm is also working towards achieving near-zero Scope 1 and Scope 2 emissions by 2025. Additionally, BlackRock aims to achieve net-zero emissions across its operations by 2030 and has a long-term goal of achieving net-zero emissions by 2050, as evidenced by The BlackRock Foundation's $100 million grant to Breakthrough Energy’s Catalyst Program to accelerate climate solutions. BlackRock has also enhanced its selection criteria for sourcing high-quality carbon removal credits, establishing an internal procurement standard in 2023.