Blackrock

Blackrock's reported carbon emissions

BlackRock, a financial intermediation services firm headquartered in the US, has reported its carbon emissions across various scopes. For the year 2024, the company has disclosed Scope 3 emissions totalling approximately 47.7 million kg CO2e and Scope 1 and 2 emissions of about 7.9 million kg CO2e. In 2023, BlackRock reported Scope 1 emissions of approximately 269.4 billion kg CO2e, Scope 2 emissions (market-based) of around 8.3 million kg CO2e, and Scope 3 emissions of approximately 2.2 trillion kg CO2e. Key climate commitments and reduction targets for BlackRock include: * **Near-term targets:** * A goal to reduce Scope 1 emissions by 20% from a 2019 baseline by 2025. * A target to reduce Scope 2 emissions by 20% from a 2019 baseline by 2025. * An aim to achieve net zero emissions across its operations by 2030. * **Long-term targets:** * A commitment to achieve net zero emissions by 2050, with the BlackRock Foundation contributing $100 million to Breakthrough Energy's Catalyst Program to support the development of climate solutions. * **Broader Reduction Goals:** * A target to achieve a 67% reduction of Scope 1 and 2 emissions by 2030 from a 2019 baseline. BlackRock also aims to reduce its Scope 1 and 2 emissions to near zero by 2025. The company is actively working on enhancing its procurement standards for carbon credits, including strengthening due diligence and focusing on higher durability removal projects. The emissions data provided is not cascaded from a parent organisation.