Larry Fink's 2021 letter to CEOs
Companies, investors, and governments focus on the global goal of net zero emissions by 2050, an economic transformation is accelerating.
To help solve climate change, the world needs to transition to using more renewable energy.
Supporting innovation in renewable power is essential to a clean energy future.
Globally, our client investments focused on renewable power have:
Powered more than 2.5 million homes with clean energy.
Saved 360 million cubic meters of water - enough to fill more than 140,000 Olympic-sized pools,
and avoided just over 85 million tons of emissions - that’s like taking 36 million cars off the road.
This is one way we’re helping to build a more sustainable future and transition the planet to net zero.
END CARD: “BLACKROCK // Advancing Sustainability”
We’re proud to be supporting innovation in renewable energy on behalf of our clients. Watch to learn how we’re helping to build a more sustainable future and transition the planet to a net zero economy.
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Marcia Moffat: Hello and welcome to BlackRock in Canada. We have been here in Canada for 30 years.
And we employ over a 100 people and manage $260 billion of assets, we’re proud to have deep and longstanding roots in this country.
Our purpose both in Canada and globally is to help more and more people experience financial well-being by making investing simple and accessible.
We partner with Canada’s leading institutions like corporate pension funds and insurers to help them create value for their stakeholders and clients. Through our iShares franchise, we offer investment solutions to help investors of all kinds achieve sustainable financial well-being. In every decision we make, we put our clients first.
Last year, in January 2020, we published a letter setting out our ambitions for BlackRock to play a leadership role as a sustainable investor for our clients, on whose behalf we invest. I am delighted to say that, since then, we have delivered some good progress.
• Few highlights include that, today, all of our active and advisory strategies are ESG integrated – covering US$2.7 trillion in assets;
• we introduced 93 new sustainable solutions in 2020, helping clients allocate billions of dollars to sustainable investment strategies over the year;
• and we have added 1,200 sustainability metrics to our technology platform to help clients better understand ESG and physical climate risks.
Now, we’re in 2021, and we are pushing ahead once again. We have announced a set of actions that we are taking to help move our clients’ portfolios – and the Canadian and global economies – towards the crucial target of net zero carbon emissions by 2050.
The net zero transition is an imperative for society and for the planet, and it will reshape the global economy, offering a number of exciting investment opportunities. This is an important moment for us all.
Whether you are an existing or prospective client, whether you are a possible future colleague, whether you are a business partner, or an interested member of society, welcome to BlackRock.”
Investing sustainably for our clients
Watch Marcia Moffat, Country Head of Canada, share the progress that BlackRock is making to help our clients invest in a better, more sustainable future.
Our response to COVID-19
During this unprecedented crisis, our conviction in our purpose – to help more and more people experience financial well-being – is stronger than ever. BlackRock has taken action to continue delivering for our clients, stay connected with our shareholders, support employee well-being, and provide relief for the communities in which we operate.
BlackRock in Canada
BlackRock offers a range of solutions for institutions, financial professionals and individuals across Canada. From shop assistants in your local stores to national organisations and charities, BlackRock has helped people take control of their financial security.
