blackrock sustainability report

0000001937 00000 n Today, BlackRock published our Q3 Global BlackRock Investment Stewardship (BIS) report, which provides insight into the work of our stewardship team over the quarter.The report discusses how enabling investors to better identify, assess, measure and monitor sustainability-related risks is crucial to our role as stewards for our clients’ capital. When BlackRock chief Larry Fink issued his annual corporate missive to chief executives last January, he promised a huge shake-up at the world’s largest asset Financial News | BlackRock’s sustainability ‘report card’ one year from Fink’s annual letter - Stocksmkt When BlackRock chief Larry Fink issued his annual corporate missive to chief executives last January, he promised a huge shake-up at the world’s largest asset manager. The report by BlackRock Investment Stewardship (BIS) is an update of the actions it has taken to give greater teeth to its sustainability commitment. … 2020 Proxy Statement PDF. BlackRock’s sustainability ‘report card’ one year from Fink’s annual letter. Top asset manager BlackRock Inc, which has vowed to put more focus on climate issues, said that companies might give a lower priority to sustainability reports as … BlackRock said it would "expect a return to companies focusing on material sustainability management and reporting in due course." According to the 2020 report, these steps represented a substantial rise from BlackRock’s critical climate risk-based voting in 2019. In operating our business, BlackRock pursues a sustainability strategy that seeks to decouple company growth from our impact on the environment, while increasing the efficiency and resiliency of our operations. ... BlackRock vowed in its report that it … 0000003829 00000 n The support is timely. When BlackRock chief Larry Fink issued his annual company missive to chief executives final January, he promised an enormous shake-up on the world’s largest a BlackRock’s sustainability ‘report card’ one yr from Fink’s annual letter - News World Express 0000007565 00000 n Introduction As part of our commitment to greater transparency in our investment stewardship activities, we are publishing this special report on BlackRock Investment Stewardship’s (BIS) approach to sustainability. BlackRock’s sustainability ‘report card’ one year from Fink’s annual letter Financial Times - Attracta Mooney. Pledged shake-up delivers improved grades but asset manager could do better . BlackRock backs harmonising sustainability reporting rules Source: Reuters , 14 October 2020 (Reuters) – BlackRock BLK.N, the world’s biggest asset manager, said it supports harmonising sustainability accounting rules and standards globally so investors can better track how companies are transitioning to a lower-carbon economy. Business. In the first major test of BlackRock Inc.’s commitment to use its vast influence and resources to fight climate change, the asset manager showed a capacity both for combativeness and restraint. We’re taking action to contribute to a more equitable, financially resilient future for all. endstream endobj 3168 0 obj <>/Filter/FlateDecode/Index[229 2917]/Length 77/Size 3146/Type/XRef/W[1 1 1]>>stream BlackRock is a global investment manager and our purpose is to help more and more people experience financial well-being. Top asset manager BlackRock Inc, which has vowed to put more focus on climate issues, said that companies might give a lower priority to sustainability reports as they struggle with the COVID-19 pandemic. Our corporate design standards track closely to green certifications criteria in order to meet best-in-class sustainable building standards. When BlackRock chief Larry Fink issued his annual corporate missive to chief executives last January, he promised a huge shake-up at the world’s largest asset manager. 0000000016 00000 n When BlackRock chief Larry Fink issued his annual corporate missive to chief executives last January, he promised a huge shake-up at … […] BlackRock, the world’s biggest fund manager, has put its shoulder behind the creation of a single set of global sustainability reporting standards. BlackRock has taken a minority stake in sustainability analytics and data science platform Clarity AI.. h���A 0ð4�)�ȍ�z�� X�M��/��x���C. Proxy … As a result, we would expect sustainable companies to be more resilient during downturns. With global warming driving a “fundamental reshaping of finance”, Mr Fink said it was time for BlackRock to put sustainability at the heart of how the $8.7tn fund house invests. BlackRock’s sustainability ‘report card’ one year from Fink’s annual letter. January 23, 2021. Case studies are mostly anonymised (“a UK hotel and pub company”, “one of Italy’s largest banks”) and the insights tend towards the generic (“Engagement is a marathon, not a sprint in Asia”). Indeed, sustainability has yet to be mainstreamed into the firm's core business practices. 0000002135 00000 n Click here for more information on BlackRock's carbon footprint. Europe's banks have a way to go on sustainability - BlackRock study. %%EOF When BlackRock chief Larry Fink issued his annual corporate missive to chief executives last January, he promised a huge shake-up at the world’s largest asset manager. 0000034443 00000 n BlackRock, the world’s biggest fund manager, has put its shoulder behind the creation of a single set of global sustainability reporting standards. Annual Report (12/31/2018) PDF Format Download (opens in new window) PDF 3.68 MB. With global warming driving a “fundamental reshaping of … Menu; DUK News. Our thought leadership in investing, risk management, portfolio construction and trading solutions. Set to Censure Doug Ducey, Cindy McCain and Jeff Flake; Dr. … Like the P&G vote, the Massif Capital report was published after our interview, but BlackRock appears sold on the idea that sustainability is not only compatible with financial returns, but actively reinforces them. Clarity AI uses big data and machine learning to create actionable sustainability and impact insights and expand these to a uniquely broad universe of companies, countries and local governments. BlackRock holds at least $85 billion in investments in coal companies, a year after it announced a focus on climate change, a report showed. The firm intends to report to clients on the sustainability risks in all its portfolios, using carbon footprint and other measurements. 0000004701 00000 n For an asset manager of its magnitude, that’s no small shift. When BlackRock chief Larry Fink issued his annual corporate missive to chief executives last January, he promised a huge shake-up at the world’s largest asset . admin. 7 hours ago. […] BlackRock’s Aladdin platform last year added 1,200 sustainability metrics and established data partnerships to help investors understand ESG and physical climate risks and opportunities. Click here for the 2019 Independent Assurance Statements for BlackRock Inc.'s GHG Inventory, 1 In June 2020, we achieved our 100% renewable energy goal to match the same amount of renewable electricity as the electricity that our global operations (including data centers) consume annually through procuring renewable energy directly where possible, contracting directly for renewable energy wherever possible (approximately 50%), and through purchasing environmental attribute credits where we do not have operational control or renewable energy is not available. 2018. 0000043111 00000 n By. %PDF-1.4 %���� January 23, 2021 No comment. Who we are. 0000001705 00000 n BlackRock, the world's largest investment firm, will put sustainability at the center of its investment strategy going forward, according to CEO Larry Fink's annual letter to chief executives. BlackRock’s sustainability ‘report card’ one year from Fink’s annual letter Financial Times - Attracta Mooney. 0000003601 00000 n 0000011121 00000 n 0000003562 00000 n BlackRock said it would "expect a return to companies focusing on material sustainability management and reporting in due course." Annual Report (Interactive) (12/31/2018) PDF Format Download (opens in new window) HTML 15 KB. admin. Learn where we stand on our journey from purpose to prosperity for more people. Biden’s push for bipartisanship faces early test; A Digital Dragnet Is Coming For The U.S. Capitol Insurrectionists; Arizona G.O.P. “Investors are galvanised around sustainability as a critical consideration in managing immediate and future risks, and better data is foundational to this,” said Mary-Catherine Lader, head of Aladdin sustainability at BlackRock. 0000039601 00000 n By. With global warming driving a “fundamental reshaping of finance”, Mr … US. }��}�����U!�"H[5����Y ԦعF�?���Z������3Ε.�]C�귇�~�T���hy�{0�I�'�]s� cO������-���3q�� k��m�3���hA�&t?�� Of��V�o,]�*��5C;LM@+��X�,���5�M4�w��V-�P��)tb8��(���RKlM�A�[̉��J6I"ķE"�E�lj�}D��� ��r��*��C���� .���Z~�An��tܬK���U��2�� B�Ⱦ�` fucxDg�0}Q&:�_�)"�u��[ �g�F1f��Ą$���H���tZ #�$����۔2��s�u����PLFPs!Hn�E2��� ^�CP�������$�A�Sl3)� �"R�YN�.\ �(�GR�'��[86����-Bg��N���Gi-�y�G� ��� Published. Published. BlackRock representatives did not provide more details or make executives available for further comment on Tuesday. 0000002181 00000 n BlackRock representatives did not provide more details or make executives available for further comment on Tuesday. While BlackRock has made some notable progress in the above areas, change has been lacking in others. ; BlackRock's policies mean it can invest in … on. But we have yet to see a systemic shift in how the firm approaches sustainability. BlackRock representatives did not provide more details or make executives available for further comment on Tuesday. 0000007822 00000 n When BlackRock chief Larry Fink issued his annual corporate missive to chief executives last January, he promised a huge shake-up at the world’s large. January 23, 2021. BlackRock backs harmonising sustainability reporting rules. BlackRock’s sustainability ‘report card’ one year from Fink’s annual letter. BlackRock is seeking to correct this with a commitment to greater transparency, as per the aforementioned stewardship report. BlackRock, Inc. operates as an investment management firm in the United States. BlackRock’s sustainability ‘report card’ one year from Fink’s annual letter. 0000006840 00000 n <]/Prev 1122260/XRefStm 1705>> 3169 0 obj <>stream 20 hours ago. BlackRock, the world’s largest asset manager, has called for the creation of a single global sustainability standard, claiming existing frameworks are making it difficult to compare companies and leading to confusion for investors. 0000039642 00000 n 0000004102 00000 n The Climate-related functions will be made available to BlackRock’s existing Aladdin clients in the first instance, on a global basis. In a stewardship document provided by a BlackRock spokesman late on Tuesday, the firm suggested it would tolerate the change. BlackRock has worked with data providers Sustainalytics and Refinitiv to develop the software and claims it offers more than 1,200 key performance indicators relating to environmental, social and governance (ESG) metrics. 2020 Proxy Statement PDF. Breaking News. Last year, BlackRock was called out in various reports for a poor voting record in support of shareholder resolutions. 2019 Annual Report PDF Interactive Report. Finding innovative ways to power our business with renewable energy, lower our emissions and reduce waste, among other efforts, reduces our environmental impact. In operating our business, BlackRock pursues a sustainability strategy that seeks to decouple company growth from our impact on the environment, while increasing the efficiency and resiliency of our operations. Next step will be to persuade its clients of the same. trailer In the year ahead, BlackRock should provide evidence that it is integrating sustainability into its core practices. Read now. 0000003716 00000 n The support is timely. When BlackRock chief Larry Fink issued his annual corporate missive to chief executives last January, he promised a huge shake-up at the world’s largest asset . The company manages assets for clients in North and South America, Europe, Asia, Australia, the Middle East and Africa. startxref Research by BlackRock 5 has established a correlation between sustainability and traditional factors such as quality and low volatility, which themselves indicate resilience. The report by BlackRock Investment Stewardship (BIS) is an update of the actions it has taken to give greater teeth to its sustainability commitment. Today, BlackRock published our Q3 Global BlackRock Investment Stewardship (BIS) report, which provides insight into the work of our stewardship team over the quarter.The report discusses how enabling investors to better identify, assess, measure and monitor sustainability-related risks is crucial to our role as stewards for our clients’ capital. Corporate social responsibility (CSR) and Environment, Social, Governance (ESG) sustainability data for BlackRock, Inc., Brokerage & Capital Markets and USA. BlackRock’s Aladdin platform last year added 1,200 sustainability metrics and established data partnerships to help investors understand ESG and physical climate risks and opportunities. Sustainable indexes largely outperformed during the first quarter of 2020 amid market turmoil caused by the coronavirus pandemic, according to BlackRock Inc.’s latest sustainability report. “BlackRock is calling for convergence of the different private-sector reporting frameworks and standards to establish a globally recognised … When BlackRock chief Larry Fink issued his annual corporate missive to chief executives last January, he promised a huge shake-up at the world’s largest asset Financial News | BlackRock’s sustainability ‘report card’ one year from Fink’s annual letter - Stocksmkt 2019 Annual Report PDF Interactive Report. Last year, BlackRock was called out in various reports for a poor voting record in support of shareholder resolutions. Annual Report (Interactive) (12/31/2019) PDF Format Download (opens in new window) Proxy Statement (4/12/2019) PDF Format Download (opens in new window) PDF 4.56 MB. BlackRock Corporate Sustainability Our purpose is to help more and more people experience financial well-being. BlackRock has taken a minority stake in sustainability analytics and data science platform Clarity AI. 3146 24 1. 0000008470 00000 n Search for; World. To be sure, Fink believes there are better ways to engage with companies than through proxy voting. Politics. In its recent report One Year On: BlackRock still addicted to fossil fuels , French sustainable finance organization Reclaim Finance details how American financial giant BlackRock’s public declaration to make sustainability its new investing standard has, one year later, yielded only “half-hearted” and “superficial” results. The company manages assets for clients in North and South America, Europe, Asia, Australia, the Middle East and Africa. The firm employs more than 8,500 professionals and maintains offices in 24 countries around the world. 0000003010 00000 n �{A���d�/uț�V�!��IyY�H�_? © 2021 BlackRock, Inc. All rights reserved. “BlackRock is calling for convergence of the different private-sector reporting frameworks and standards to establish a globally recognised and adopted approach to sustainability reporting,” the $7.8tn New York-headquartered group said on 29 October. 0 If it does so, … BlackRock has been criticized by sustainability advocates for not strongly supporting other shareholder proposals on sustainability, which could change in 2021, Ms. Edkins said. When BlackRock chief Larry Fink issued his annual corporate missive to chief executives last January, he promised a huge shake-up at the world’s largest asset manager. With global warming driving a “fundamental reshaping of finance”, Mr Fink said it was time for BlackRock to put sustainability at the heart of how the $8.7tn fund house invests. 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