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 44 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Blackrock's reported carbon emissions
In 2023, BlackRock reported significant carbon emissions, with Scope 1 emissions totalling 90,000,000 kg CO2e and Scope 2 emissions at approximately 15,680,000 kg CO2e (market-based). The company also disclosed Scope 3 emissions, which included 34,620,000 kg CO2e from capital goods and 46,720,000 kg CO2e from business travel, among other categories. Over the years, BlackRock has shown a commitment to transparency in its emissions reporting, disclosing data across all three scopes (1, 2, and 3) for multiple years. However, as of the latest data, there are no specific reduction targets or initiatives outlined in their reports. This lack of defined reduction goals suggests that while BlackRock is actively monitoring its emissions, it has not yet committed to specific targets for reducing its carbon footprint. The company’s emissions data reflects its operational scale and the challenges faced in managing carbon outputs, particularly in the financial services sector, which often has substantial indirect emissions through investments and business travel. BlackRock's ongoing efforts to address climate change will be crucial as it navigates the evolving landscape of environmental responsibility and stakeholder expectations.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2014 | 2017 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 5,756,000 | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 |
| 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 committed to any reduction initiatives 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.
