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 financial intermediation services company headquartered in the US, reported its carbon emissions for several years. In 2023, the company's total emissions were approximately 297.5 billion kg CO2e. This comprised about 269.4 billion kg CO2e for Scope 1, and approximately 23.5 billion kg CO2e for Scope 2 (location-based), with a market-based Scope 2 emission of about 8.3 billion kg CO2e. Scope 3 emissions for 2023 were reported at approximately 2.2 trillion kg CO2e.
For 2022, BlackRock's Scope 1 emissions were approximately 6.4 million kg CO2e. Scope 2 emissions, using the location-based method, were around 21.5 million kg CO2e, and approximately 2.4 million kg CO2e on a market-based basis. Scope 3 emissions for 2022 were approximately 250.3 million kg CO2e.
In 2021, Scope 1 emissions were approximately 5.3 million kg CO2e, Scope 2 (location-based) emissions were about 18 million kg CO2e, and market-based Scope 2 emissions were approximately 1.6 million kg CO2e. Scope 3 emissions for 2021 were around 241.5 million kg CO2e.
BlackRock has established several climate commitments. The company aims to achieve near-zero Scope 1 and Scope 2 emissions by 2025. Furthermore, BlackRock has set a target to reduce its Scope 1 and 2 emissions by 67% by 2030, using 2019 as a baseline. An additional target is to reduce Scope 1 emissions by 2
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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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