Blackrock Sustainability Profile
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 57 is higher than 74% 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 carbon emissions of approximately 2,178,808,257,000 kg CO2e, with emissions distributed across various scopes: Scope 1 emissions totalled 269,400,000,000 kg CO2e, Scope 2 emissions were approximately 1,568,000 kg CO2e, and Scope 3 emissions reached about 2,178,800,000,000 kg CO2e. Notably, the company has set ambitious targets to achieve a 67% reduction in Scope 1 and 2 emissions by 2030, using a 2019 baseline. Additionally, BlackRock aims to reduce its Scope 1 and Scope 2 emissions to near zero by 2025. In terms of specific initiatives, BlackRock has enhanced its procurement standards for carbon credits, focusing on high-quality removal projects. The company is also committed to achieving net zero emissions across its operations by 2030. The emissions data is sourced directly from BlackRock, Inc., with no cascaded data from parent organizations.
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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 | 000,000,000,000 |
| 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 | 0,000,000,000,000 |
How Carbon Intensive is Blackrock's Industry?
How Carbon Intensive is Blackrock's Location?
Blackrock's Scope 3 Categories Breakdown
Blackrock's Scope 3 emissions, which increased significantly last year and increased significantly since 2017, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with detailed category breakdown helping identify key emission sources across their value chain.
Top Scope 3 Categories
Blackrock's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Blackrock has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
