SUSTAINABILITY AT BLACKROCK

Innovative climate solutions

The transition to a net zero world, and the more sustainable future it promises, is the shared responsibility of every citizen, corporation and government.

Over $50T in new investments is needed to fund the global energy transition.1 Reaching that staggering number will require innovative new partnerships across the public, private and nonprofit sectors – along with different forms of financing.

As the world's largest asset manager,2 BlackRock is leveraging its investment expertise and resources to spur innovation and accelerate the decarbonization solutions that will help society prosper.

Philanthropic capital can help accelerate the availability of clean energy technologies.

That’s why The BlackRock Foundation is giving $100 million to Breakthrough Energy’s Catalyst program to finance innovative solutions that combat climate change.

Our commitment will help develop four clean energy technologies: direct air capture, green hydrogen, sustainable aviation fuel and long-duration energy storage.

Breakthrough Energy Catalyst believes that with significant investments in green innovation, the market at scale can make green tech more affordable and help reduce gigatons of CO2 from the atmosphere every year.

The BlackRock Foundation is committed to helping people build financial well-being and promoting an inclusive transition to a low-carbon future.

To learn more about Breakthrough Energy Catalyst, visit blackrock.com/breakthrough

The BlackRock Foundation

Funding innovation in clean energy to combat climate change

Moving the world towards net zero is a historic transition that requires everyone to do their part. Through The BlackRock Foundation's commitment, we are helping to accelerate the affordability and availability of clean energy technologies. 

The BlackRock Foundation funding innovative climate technologies

We see an emerging role for philanthropic capital to fill important gaps in funding to de-risk and accelerate the availability of clean energy technologies.

This is why The BlackRock Foundation is committing $100M to the Breakthrough Energy Catalyst Program. Catalyst provides a new framework for how companies, governments and private philanthropy can finance, produce and buy new solutions to accelerate a low-carbon economy. Catalyst’s initial focus will be to help speed the development and commercialization of four clean energy technologies: direct air capture, green hydrogen, sustainable aviation fuel and long-duration energy storage. Catalyst identifies technologies at critical junctures where investments and blended financing can reduce the green premium - the difference in cost between a carbon emitting technology and its cleaner alternative.

The commitment is the Foundation’s largest grant since it was founded in February 2020 and will help bring vital clean energy solutions forward – at scale – to achieve the world’s decarbonization goals and mitigate the uneven impact of climate change on communities. Making clean technologies viable and affordable for the communities who depend on them is aligned to The BlackRock Foundation’s mission to help people build financial security and participate in an inclusive transition to a low-carbon future.

This approach builds upon the firm’s philanthropic leadership on other pressing societal issues that impact the financial security and wellbeing of people and communities around the world.

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Social Impact at BlackRock
We partner with nonprofits, start-ups, corporations and our employees to create impact, whether in our own communitites or on a global scale.
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The BlackRock Foundation
We established The BlackRock Foundation to create a more inclusive and sustainable economy.
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BlackRock's Emergency Savings Initiative
We committed $50M million to help people living on low incomes build short-term savings, an important financial safety net.

BlackRock clean energy initiatives

The climate transition presents an historic investment opportunity. However, the world cannot reach net zero emissions by 2050 unless clean energy products are more price competitive, helping to phase out traditional technologies that emit greenhouse gases.

The goal of focusing investments on clean technologies such as direct air capture or green hydrogen is to reduce emissions by more than 10Gt of CO2 per year, or the equivalent of nearly 20% of global emissions today.

The BlackRock Foundation’s $100M grant complements several other initiatives where the firm has taken action to mobilize catalytic capital and to convene key actors across the net zero ecosystem.

Earlier this year, BlackRock launched an initiative bringing together its Climate Finance Partnership (CFP) – a consortium of governments, philanthropies and institutional investors – to invest in renewable power generation, energy storage solutions and electrified transportation services in emerging markets. BlackRock also formed a partnership to advance decarbonization solutions through late stage venture capital and early growth private equity investment funds. 

BlackRock is also helping clients access low-carbon transition strategies with our launch of two ETFs earlier this year which brought in a record of more than $1.5B in investments on launch day from institutional investors mobilizing capital for the energy transition. 

We’re complementing our sustainable product innovation with a push for greater transparency and disclosure by supporting SASB and TCFD as the benchmark frameworks for companies to disclose their approach to climate-related risks and the transition to a lower carbon economy. Our call for SASB and TCFD-aligned reporting helped spark a more than 200% increase in SASB reporting companies from January to October 2020. 3

Join us

Help us move the world towards net zero by supporting clean energy projects or by joining a BlackRock team.

Careers at BlackRock

Committed to sustainability
We're committed to helping more and more people experience financial well-being, and we believe the transition to a net zero economy by 2050 is a big part of that ambition.
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