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 key player in the financial intermediation services sector, specifically focusing on investment management and risk management solutions.
The firm offers a diverse range of products and services, including mutual funds, exchange-traded funds (ETFs), and alternative investments, distinguished by its innovative use of technology and data analytics. BlackRock's proprietary Aladdin platform sets it apart, providing clients with comprehensive risk assessment and portfolio management tools.
With a strong market position, BlackRock is recognised for its significant assets under management, making it one of the largest investment firms globally. Its commitment to sustainability and responsible investing further enhances its reputation in the financial industry.
+21 vs industry average
Blackrock’s score of 56 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Blackrock's reported carbon emissions
BlackRock, a US-based financial intermediation services company, reported Scope 1 and 2 emissions of approximately 8.26 million kg CO2e and Scope 3 emissions of approximately 21.79 billion kg CO2e for the year 2023. The total emissions for 2023 were approximately 2.19 trillion kg CO2e. For 2022, BlackRock reported Scope 1 and 2 emissions of approximately 8.78 million kg CO2e (market-based) and Scope 3 emissions of approximately 250.35 million kg CO2e for purchased goods and services alone. BlackRock has set several reduction targets: * A target to reduce Scope 1 and 2 emissions by 67% by 2030, using a 2019 baseline. * An aim to reduce Scope 1 emissions by 20% from a 2019 baseline by 2025. * An aim to reduce Scope 2 emissions by 20% from a 2019 baseline by 2025. * There are also aims to reduce Scope 1 and Scope 2 emissions to near zero by 2025, and to achieve net zero emissions across operations by 2030. In 2023, BlackRock enhanced its procurement standards for high-quality removal credits to support its climate commitments. Emissions data for BlackRock is not cascaded from a parent organisation.
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Blackrock’s Climate Goals (2030 & 2050)
6 goals2025
20% reduction in Scope 2
BlackRock aims to reduce its Scope 2 emissions by 20% from a 2019 baseline by 2025.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives

Science Based Targets Initiative

Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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