Blackrock
BlackRock, Inc., a leading global investment management corporation, is headquartered in the United States and operates extensively across major financial hubs worldwide. Founded in 1988, BlackRock has established itself as a pioneer in the asset management industry, focusing on investment strategies, risk management, and technology solutions. The firm offers a diverse range of products and services, including mutual funds, exchange-traded funds (ETFs), and advisory services, with its flagship iShares brand being a notable leader in the ETF market. BlackRock's commitment to innovation and sustainability sets it apart, as it integrates environmental, social, and governance (ESG) factors into its investment processes. With over $9 trillion in assets under management, BlackRock holds a prominent position in the financial landscape, recognised for its expertise and influence in shaping investment trends globally.
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 41 is higher than 86% 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 total carbon emissions of approximately 6.7 million tonnes CO2e for Scope 1, 1.6 million tonnes CO2e for Scope 2 (market-based), and significant Scope 3 emissions, including about 23.5 million tonnes CO2e from purchased goods and services and 46.7 million tonnes CO2e from business travel. The total emissions for Scope 1 and 2 combined reached about 8.3 million tonnes CO2e (market-based) and 30.2 million tonnes CO2e (location-based). Over the years, BlackRock has shown a commitment to reducing its carbon footprint. In 2020, the company achieved a reduction in Scope 1 emissions to about 4.1 million tonnes CO2e, down from 6.4 million tonnes CO2e in 2019. The company has also been actively engaging in climate-related initiatives, receiving various scores from the Carbon Disclosure Project (CDP), with a score of "B" in 2020 and "A-" in 2021, indicating a positive trajectory in its climate commitments. BlackRock's emissions profile highlights the significant impact of its operations, particularly in Scope 3 emissions, which are largely driven by its investment activities. The firm has not publicly set specific reduction targets but continues to participate in industry-wide efforts to enhance transparency and accountability regarding climate impacts.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 6,386,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 2,747,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 320,616,000 | 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 committed to some 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.
