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 66,890,000 kg CO2e globally. This includes Scope 1 emissions of about 6,689,000 kg CO2e and Scope 2 emissions of approximately 1,568,000 kg CO2e (market-based). The company also disclosed significant Scope 3 emissions, with notable contributions from purchased goods and services (about 234,645,000 kg CO2e) and business travel (approximately 46,720,000 kg CO2e). BlackRock has set ambitious climate commitments, aiming to achieve net zero emissions across its operations by 2030. Specifically, the company targets a near-zero reduction in Scope 1 and Scope 2 emissions by 2025. Additionally, it aims for a 67% reduction in Scope 1 and 2 emissions by 2030, using a 2019 baseline. In 2023, BlackRock enhanced its carbon credit procurement processes to support these goals. The company has also reported Scope 3 emissions from employee commutes, which were approximately 1,619,000 kg CO2e in India for 2023. This reflects a growing awareness of the broader impact of its operations and the importance of addressing indirect emissions. Overall, BlackRock's climate strategy is aligned with industry standards, demonstrating a commitment to reducing its carbon footprint while enhancing its sustainability practices.
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| 2014 | 2017 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 5,756,000 | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| 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 |
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 decreased by 2% last year and increased by approximately 578% since 2017, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 70% of Scope 3 emissions.
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.
