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 38 is higher than 90% 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 6,689,000 kg CO2e for Scope 1, 1,568,000 kg CO2e for Scope 2 (market-based), and significant Scope 3 emissions, including about 34,620,000 kg CO2e from capital goods and 46,720,000 kg CO2e from business travel. The total emissions for Scope 1 and 2 combined reached about 8,257,000 kg CO2e (market-based). In 2022, the company recorded approximately 6,401,000 kg CO2e for Scope 1 and 2,151,000 kg CO2e for Scope 2 (market-based), with Scope 3 emissions including around 49,097,000 kg CO2e from capital goods and 22,194,000 kg CO2e from business travel. The total emissions for Scope 1 and 2 were about 8,783,000 kg CO2e (market-based). Over the years, BlackRock has shown fluctuations in emissions, with a notable decrease in Scope 1 emissions from 6,386,000 kg CO2e in 2019 to 6,689,000 kg CO2e in 2023. However, there are no specific reduction targets or initiatives disclosed in their recent reports, indicating a lack of formal commitments to reduce emissions at this time. Overall, BlackRock's emissions profile reflects the complexities of managing carbon footprints in the financial sector, particularly with significant Scope 3 emissions stemming from investments and business travel. The company continues to navigate its climate commitments amidst growing scrutiny and expectations for corporate sustainability.
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.
