Corporate Sustainability

Corporate Sustainability

BlackRock’s purpose is to help more and more people experience financial well-being.

In pursuit of our purpose, a focus on long-term sustainability is embedded across our business.

Awards and recognition
BlackRock is being recognized for our leadership in corporate social responsibility, sustainability, investment stewardship, transparency and inclusion and diversity.
Awards and recognition
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BlackRock manages assets on behalf of diverse clients around the world. We dedicate ourselves, as a fiduciary, to looking and growing the value of our clients’ assets over the long-term. That includes a focus on sustainability.

We are integrating ESG considerations into our
investment processes

ESG integration is the practice of incorporating ESG information into investment decisions to help enhance risk-adjusted returns, regardless of whether or not a strategy has a sustainable mandate. There is no one-size-fits-all approach but at BlackRock we see it as being about making research, data and insights available to all of our portfolio managers, and working with them to identify potential process enhancements across all investment activities.

ESG integration

 


We are stewards of our
clients’ assets

As a fiduciary investor, we advocate for sound corporate governance and sustainable business practices that result in long-term value creation for our clients.

Investment stewardship

We provide more choices through BlackRock Sustainable Investing

We have a platform of dedicated sustainable investment solutions that align capital with certain behaviors, activities or outcomes via ESG, thematic, and impact approaches. This includes clean energy investments for clients who wish to access the green and energy transition sectors. We also have investment solutions that eliminate exposures to certain sectors or activities through screened solutions.

Sustainable investing solutions

Exclusionary screens
Exclusionary screens
Removal of certain companies based on specific content such as business involvement, sector or controversy.
ESG Board
ESG Broad
We score ESG data at the security or asset level and weight it to provide an investment solution that aligns capital with stronger ESG performance.
ESG Thematic
Thematic
We focus on particular E, S or G issues, such as carbon emissions or the diversity of a company's workforce, and weight them in a thematic sustainable solution.
Impact
Impact
We identify a specific sustainable outcome as a goal of the investment solution, and provide dedicated progress reports against that outcome.

We advocate for public policy

In-line with our purpose of helping more people experience financial well-being, we embrace a broader set of responsibilities to advocate for public policies that increase financial market transparency, protect investors and facilitate responsible growth of capital markets for all investors.

Public policy

 


We are a leader in
risk management

Our Aladdin technology gives us an enterprise view of BlackRock. In addition, an independent group provides risk oversight of the investment management processes, identifies and helps manage counterparty and enterprise risks, coordinates standards for firm wide investment performance measurement and determines risk management-related analytical and information requests. This includes cybersecurity and information security, where we employ an in-depth, multi-layer strategy of control programs that protect confidentiality, integrity and availability of information.

We are committed to delivering long-term financial performance

By focusing on the key elements of our business that we can control, we look to generate differentiated and sustainable organic growth, and demonstrate the benefits of scale through operating leverage while re-investing in our business for future growth. In addition, we are committed to returning excess cash to shareholders through a consistent capital management strategy.

Total return since BlackRock’s IPO
Over the past five years, we delivered 40% in total return for shareholders. And we delivered over 3,800% since we went public in 1999.
Total return since BlackRock’s IPO

Source: BlackRock, as of December 31, 2018.
Past performance is not a guide to current or future performance.

We implement effective
corporate governance

A strong corporate governance framework is critical for running a sustainable business. Our corporate governance framework is a set of principles, guidelines and practices that support consistent financial performance and long-term value creation for our shareholders.

Corporate governance

We are Committed to Transparency

As an investor and advocate for greater transparency, BlackRock is committed to providing meaningful sustainability information to stakeholders. We disclose information about our sustainability and governance, social, and environmental practices through BlackRock’s Annual Report, Proxy Statement, Investment Stewardship Annual Report, and BlackRock’s Sustainability website.

2020 TCFD Report

2018 SASB Report

2019 SASB Report

2020 SASB Report

Carbon Footprint Factsheet

2020 Proxy Statement

Sustaining BlackRock through COVID-19

2018-2019 Consolidated EEO-1 Reports

SFDR Sustainability Risk Statement

2021 SFDR Principal Adverse Sustainability Impact Statement

BlackRock’s Supplier Code of Conduct & Ethics

Operating Principles for Impact Management Disclosures

Operating Principles for Impact Management Verification

Principles for Responsible Investment

The Principles for Responsible Investment (PRI) Reporting Framework is a key step in the journey towards building a common language and industry standard for reporting responsible investment (RI) activities. Its primary objective is to enable signatory transparency on RI activities and facilitate dialogue between investors and their clients, beneficiaries and other stakeholders.

As a PRI signatory since 2008, BlackRock has committed to the annual effort of upholding all six PRI principles.

In 2020, BlackRock received A's across every category in the PRI Assessment Report.

Learn more about this year’s results

We implement effective
corporate governance

A strong corporate governance framework is critical for running a sustainable business. Our corporate governance framework is a set of principles, guidelines and practices that support consistent financial performance and long-term value creation for our shareholders.

Corporate governance

Spotlight on Board Diversity

BlackRock and its Board believe diversity in the boardroom is critical to the success of the Company and its ability to create long-term value for our shareholders. The Board has and will continue to make diversity in gender, ethnicity, age, career experience and geographic location – as well as diversity of mind – a priority when considering director candidates. The diverse backgrounds of our individual directors help the Board better evaluate BlackRock’s management and operations and assess risk and opportunities for the Company’s business model. BlackRock’s commitment to diversity enhances Board involvement in our Company’s multi-faceted long-term strategy and inspires deeper engagement with management, employees and clients around the world.

Board Profile

Board Profile
Our commitment in action
In the U.S., we disclose our gender pay gap. All organizations with 250+ employees must report their gender pay data. In our report, we outline the steps we are taking to increase the number of women in our senior-most ranks, and across the firm in general.
Our commitment in action

We are committed to delivering long-term financial performance

By focusing on the key elements of our business that we can control, we look to generate differentiated and sustainable organic growth, and demonstrate the benefits of scale through operating leverage while re-investing in our business for future growth. In addition, we are committed to returning excess cash to shareholders through a consistent capital management strategy.

As a Participant of the United Nations Global Compact, BlackRock is committed to aligning our operations with universal principles on human rights, labor, environment and anti-corruption, and to take actions that advance societal goals.

We create positive social impact by serving our communities

We partner with nonprofits, start-ups, corporations and our employees to create impact in line with our mission to help more people achieve financial security and opportunity, whether in our own communities or on a global scale.

Social impact

We manage the environmental impact of our own operations

BlackRock recognises that sound environmental management is central to our business, important to our employees and clients and key to securing our future. In our operations, BlackRock works to decouple company growth from environmental impact, while increasing the efficiency and resiliency of our operations.

Environmental sustainability

Environmental impact
Met our 100% renewable power goal in the US in 2018 and offsetting 100% of our 2018 global travel-related emissions – our largest source of carbon emissions – by retiring carbon credits from The Conservation Fund’s Garcia River Forest.*
Our commitment in action