BLACKROCK INVESTMENT INSTITUTE
Mega forces: An investment opportunity
Mega forces are big, structural changes that affect investing now - and far in the future. This creates major opportunities - and risks - for investors.
BLACKROCK SUSTAINABILITY
Our commitment
In operating its own business, BlackRock pursues a sustainability strategy that is focused on reducing GHG emissions associated with its facilities, data centers, and upstream value chain and addressing emissions it otherwise cannot reduce yet through investment in market solutions such as SAF and carbon credits.
In 2023, BlackRock made progress in its operational sustainability strategy by employing energy efficiency strategies, achieving its 100% renewable electricity match goal,1 establishing processes to enhance its approach to SAF and carbon credit procurement, and establishing a Supplier Sustainability Program.
Underpinning BlackRock’s operational sustainability strategy, the firm is working to achieve the following science-aligned emissions reduction goals (relative to a 2019 baseline): (i) 67% reduction of Scope 1 and 2 emissions by 2030; (ii) 40% reduction in Scope 3 business travel emissions by 2030; and (iii) engagement of suppliers representing 67% of the firm’s emissions (estimated based on spend) to set science-aligned goals by 2025.
Click here for BlackRock's 2023 TCFD Report
Click here for BlackRock's 2022 Greenhouse Gas Emissions Report
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BLACKROCK SUSTAINABILITY
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1 BlackRock achieved its 100% renewable electricity match goal to match the same amount of renewable electricity as the electricity that BlackRock’s global operations (including facilities, data centers, and upstream leased assets) consume annually. BlackRock is a tenant of multi-tenant buildings and contracts directly for renewable electricity wherever possible. Where BlackRock does not have operational control to procure its own electricity, or where renewable electricity is not available, BlackRock purchases EACs as a means of achieving this goal. While BlackRock matches its global electricity load with 100% renewable energy, BlackRock has some residual Scope 2 market-based emissions. BlackRock seeks to match the country in which the electricity was generated to the country in which the EACs are issued. In some cases, country-by-country matching is not possible; for example, where EACs are not available or cost prohibitive, which results in residual Scope 2 market-based emissions according to the GHG Protocol.
© 2024 BlackRock, Inc. All Rights Reserved. BLACKROCK is a trademark of BlackRock, Inc. All other trademarks are those of their respective owners.