Net zero: A global shift with local impact

Larry Fink: We have some parts of the country that are very, very worried about what this transition will mean for their state, their locality, for their jobs. And so, this is not going to be an easy task. But I would say across the board, capital is moving, and it's going to move very rapidly. And I'm very proud that I can tell you right now; every hydrocarbon company in the United States is now focused on this whereas I would say three to four years ago, they weren't. They did not believe it. We are making change, and I would say we're making more rapid change because of Bill and other people who are expressing this openly.

 

Bill Gates: Well, the bulk of emissions in the decades ahead will come from developing countries. Let's think of it in three tiers. The rich countries: that's Europe, U.S., Japan. The middle income countries; that's where most of humanity lives. That's, you know, China on the high end – high middle income – and India on the low end. And you've got Brazil, Mexico, Indonesia, Vietnam, a lot of the world's population there. And then you have some very poor countries, a lot in Africa. The responsibility to innovate rests entirely on the rich countries, and particularly on the U.S., because the U.S. has the universities, the national labs; it's got the ability to organize risk-laden capital. We will not solve climate change without the rich world driving down dramatically. That will make it economic for the middle-income countries who are not responsible for the historic emissions and who are dealing with more basic needs.

Watch Larry Fink, Chairman and CEO of BlackRock, and Bill Gates, Founder of Breakthrough Energy, discuss the complex challenge of reaching net zero emissions and how the transition will spur innovation and accelerate change.

Christian Hyldahl, CO-Head of Continental Europe and Head of the Nordics, BlackRock.

Hello, and welcome to BlackRock in the Nordics. We have had a presence in the region since 2008, we employ more than 45 people across Denmark and Sweden, manage more than 100bn dollars and we indirectly help millions of people across the region to invest in their financial well-being. We are proud to be an important part of the local economies.

In January 2020, we published a letter - setting out our ambitions for BlackRock - to take leadership as a sustainable investor on behalf of our clients whose money we invest. I am delighted to say that, since then, we have delivered significant progress.

Just a few of the 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 into 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, in 2021, 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 Nordic as well as the global economy – 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, a possible future colleague, a business partner, or just an interested member of society, welcome to BlackRock.

Investing sustainably for our clients

Watch Christian Hyldahl, Co-Head of Continental Europe and Head of the Nordics, share the progress that BlackRock is making in Finland to help our clients invest in a better, more sustainable future.

Etsi BlackRockin rahastoja
Tai
BlackRock in Finland
BlackRock offers a range of solutions for institutions, financial professionals and individuals across Finland. From shop assistants in your local stores to national organisations and non-profits, BlackRock has helped people take control of their financial security for 18 years.
Learn about BlackRock

Where we stand

Corporate sustainability
Corporate sustainability
We put an unwavering focus on long-term sustainability and ensure it is embedded across our entire business.

Investment Stewardship
Investment stewardship
We engage with companies to inform our voting and promote sound corporate governance that is consistent with sustainable, long-term value creation.

PRESSURE TESTED

iShares fixed income ETFs provided liquidity and price discovery when investors needed it most.1

1During stressed markets, iShares UCITS fixed income ETFs traded an average of US $17.5B (21 Feb - 20 Mar 2020), more than twice the 2019 weekly average of $7.8B. All amounts in $USD.

This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities, funds or strategies to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. The opinions expressed are as of November 2020 and are subject to change without notice. Reliance upon information in this material is at the sole discretion of the reader. Investing involves risks.

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