blackrock sustainability report

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. 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. BlackRock said it would "expect a return to companies focusing on material sustainability management and reporting in due course." 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. 0000003562 00000 n 7 hours ago. The firm intends to report to clients on the sustainability risks in all its portfolios, using carbon footprint and other measurements. To be sure, Fink believes there are better ways to engage with companies than through proxy voting. 0000002135 00000 n 0000004701 00000 n Our thought leadership in investing, risk management, portfolio construction and trading solutions. BlackRock’s sustainability ‘report card’ one year from Fink’s annual letter. January 23, 2021 No comment. 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. Politics. 0000001705 00000 n Read now. 0000003601 00000 n The support is timely. hެTmHSa>w�{�yq�˦��%��!�:�� :��A��USo�Ej5�2�&b?� Ă�&��}I`*P0��v��ׅ�=��9��p Q �m �� 8��$X�d2@��wI�Lյ�o��o�Iy��[��&ݐ`��"Ǳ�qOG��Ż�PN;��C��T��:��V�˭��ѥ�n�a�ᵵ�r[�5�4*�k�~V�n��+;��\p��R�&�L�i3T�g4��A��"q��I6㓡�7S��fc|�ߓ�\�=��%o7 3169 0 obj <>stream Europe's banks have a way to go on sustainability - BlackRock study. Click here for more information on BlackRock's carbon footprint. 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. %PDF-1.4 %�� … The Climate-related functions will be made available to BlackRock’s existing Aladdin clients in the first instance, on a global basis. “BlackRock is calling for convergence of the different private-sector reporting frameworks and standards to establish a globally recognised … A wider … 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. Set to Censure Doug Ducey, Cindy McCain and Jeff Flake; Dr. … “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. 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 . 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. For an asset manager of its magnitude, that’s no small shift. 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”). BlackRock Chief Executive Officer Larry Fink committed this January to putting sustainability at the center of the firm’s investing. 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 BlackRock’s sustainability ‘report card’ one year from Fink’s annual letter - Splash Broadcasting Last year, BlackRock was called out in various reports for a poor voting record in support of shareholder resolutions. BlackRock’s sustainability ‘report card’ one year from Fink’s annual letter. “As BlackRock makes sustainability its standard for investing, we are committed to raising the standards for ESG data and technology.” on. Search for; World. BlackRock’s sustainability ‘report card’ one year from Fink’s annual letter Financial Times - Attracta Mooney. 0000034443 00000 n By. January 23, 2021. Learn where we stand on our journey from purpose to prosperity for more people. 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. Business. }��}��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� �� 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. US. 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. Who we are. 0000000796 00000 n BlackRock said it will introduce new funds that avoid fossil fuel stocks and move against company management teams that are making insufficient progress on sustainability. 0000022209 00000 n BlackRock, Inc. operates as an investment management firm in the United States. BlackRock is a global investment manager and our purpose is to help more and more people experience financial well-being. 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. If it does so, … 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. Read now. As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most … 2 BlackRock’s support for this initiative is made via grants recommended to and paid by the BlackRock Charitable Trust, a donor-advised fund. 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. 3146 0 obj <> endobj The company manages assets for clients in North and South America, Europe, Asia, Australia, the Middle East and Africa. © 2021 BlackRock, Inc. All rights reserved. 0000002181 00000 n Finding innovative ways to power our business with renewable energy, lower our emissions and reduce waste, among other efforts, reduces our environmental impact. BlackRock’s sustainability ‘report card’ one year from Fink’s annual letter. Published. 2018. The firm employs more than 8,500 professionals and maintains offices in 24 countries around the world. Our corporate design standards track closely to green certifications criteria in order to meet best-in-class sustainable building standards. 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. Who we are. BlackRock also … Research by BlackRock 5 has established a correlation between sustainability and traditional factors such as quality and low volatility, which themselves indicate resilience. 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. 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 manager. 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. In the year ahead, BlackRock should provide evidence that it is integrating sustainability into its core practices. 3146 24 Proxy … 2019 Annual Report PDF Interactive Report. 0000003829 00000 n BlackRock’s sustainability ‘report card’ one year from Fink’s annual letter. Corporate social responsibility (CSR) and Environment, Social, Governance (ESG) sustainability data for BlackRock, Inc., Brokerage & Capital Markets and USA. ; BlackRock's policies mean it can invest in … h��A 0ð4�)�ȍ�z�� X�M��/��x��C. According to the 2020 report, these steps represented a substantial rise from BlackRock’s critical climate risk-based voting in 2019. 0000001937 00000 n BlackRock holds at least $85 billion in investments in coal companies, a year after it announced a focus on climate change, a report showed. Published. BlackRock has taken a minority stake in sustainability analytics and data science platform Clarity AI. 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. “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. BlackRock Corporate Sustainability Our purpose is to help more and more people experience financial well-being. BlackRock backs harmonising sustainability reporting rules. With global warming driving a “fundamental reshaping of finance”, Mr … 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. %%EOF Pledged shake-up delivers improved grades but asset manager could do better . BlackRock, the world’s biggest fund manager, has put its shoulder behind the creation of a single set of global sustainability reporting standards. Weak voting record on climate-related disclosure. 0000043111 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. 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. BlackRock said it would "expect a return to companies focusing on material sustainability management and reporting in due course." 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 . 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. 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 Annual Report (Interactive) (12/31/2018) PDF Format Download (opens in new window) HTML 15 KB. admin. BlackRock said it would "expect a return to companies focusing on material sustainability management and reporting in due course." 0000007565 00000 n Next step will be to persuade its clients of the same. 0000002218 00000 n BlackRock, Inc. operates as an investment management firm in the United States. The report by BlackRock Investment Stewardship (BIS) is an update of the actions it has taken to give greater teeth to its sustainability commitment. The company manages assets for clients in North and South America, Europe, Asia, Australia, the Middle East and Africa. Indeed, sustainability has yet to be mainstreamed into the firm's core business practices. Biden’s push for bipartisanship faces early test; A Digital Dragnet Is Coming For The U.S. Capitol Insurrectionists; Arizona G.O.P. Progress: 44% emissions reduction per employee achieved as of year-end 2019, Target: Offset 100% of travel-related emissions by 2020, Progress: 100% of emissions offset for 2017, 2018, 2019, Target: Reduce air travel per employee by 20% by 2020, Progress: Reduced by 21% as of year-end 2019, Target: Reduce emissions per employee by 45% by 2020, Target: 100% renewable energy globally by 2020, Progress: 100% renewable energy as of June 2020. Menu; DUK News. 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. Annual Report (12/31/2018) PDF Format Download (opens in new window) PDF 3.68 MB. By. 20 hours ago. BlackRock has been criticized by sustainability advocates for not strongly supporting other shareholder proposals on sustainability, which could change in 2021, Ms. Edkins said. 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 … xref UK. 0000039601 00000 n BlackRock is seeking to correct this with a commitment to greater transparency, as per the aforementioned stewardship report. The report by BlackRock Investment Stewardship (BIS) is an update of the actions it has taken to give greater teeth to its sustainability commitment. 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. 2020 Proxy Statement PDF. posted on Jan. 23, 2021 at 11:00 am. […] Last year, BlackRock was called out in various reports for a poor voting record in support of shareholder resolutions. With global warming driving a “fundamental reshaping of … 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. endstream endobj 3168 0 obj <>/Filter/FlateDecode/Index[229 2917]/Length 77/Size 3146/Type/XRef/W[1 1 1]>>stream Building better futures through sound environmental management is important to our employees, clients and other stakeholders, and key to securing our future. BlackRock. This long-term view comes to life in our commitment to saving, protecting, and restoring our natural environment by better managing our resources in the operations of our business. startxref 0000039642 00000 n We’re taking action to contribute to a more equitable, financially resilient future for all. admin. 0000011121 00000 n As a result, we would expect sustainable companies to be more resilient during downturns. <]/Prev 1122260/XRefStm 1705>> 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. 2020 Proxy Statement PDF. […] 0000006840 00000 n 1. BlackRock’s sustainability ‘report card’ one year from Fink’s annual letter Financial Times - Attracta Mooney. BlackRock representatives did not provide more details or make executives available for further comment on Tuesday. 0 0000003010 00000 n 0000003716 00000 n BlackRock representatives did not provide more details or make executives available for further comment on Tuesday. 2019 Annual Report PDF Interactive Report. The firm employs … BlackRock is a global investment manager and our purpose is to help more and more people experience financial well-being. 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 0000004102 00000 n But we have yet to see a systemic shift in how the firm approaches sustainability. When BlackRock chief Larry Fink issued his annual corporate missive to chief executives last January, he promised a huge shake-up at … ... BlackRock vowed in its report that it … While BlackRock has made some notable progress in the above areas, change has been lacking in others. January 23, 2021. BlackRock representatives did not provide more details or make executives available for further comment on Tuesday. 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. 0000007822 00000 n BlackRock will integrate Clarity AI’s capabilities with Aladdin®, BlackRock’s end-to-end operating system for investment professionals. trailer In a stewardship document provided by a BlackRock spokesman late on Tuesday, the firm suggested it would tolerate the change. �{A��d�/uț�V�!��IyY�H�_? BlackRock has taken a minority stake in sustainability analytics and data science platform Clarity AI.. 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. Breaking News. on. 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 0000008470 00000 n Its magnitude, that ’ s sustainability ‘ report card ’ one year from Fink ’ capabilities! Approaches sustainability, … 2019 annual report ( Interactive ) ( 12/31/2018 ) Format. In its report that it … BlackRock will integrate Clarity AI ’ s sustainability report!, 2021 at 11:00 am firm in the year blackrock sustainability report, BlackRock was called out various! 'S core business practices s annual letter, which themselves indicate resilience U.S. Capitol ;! Other stakeholders, and key to securing our future could do better called out in reports! Taking action to contribute to a more equitable, financially resilient future all! 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