BlackRock on Thursday projected that by 2030 at least three quarters of its investments in companies and governments will be tied to issuers with a scientific target to cut net greenhouse gas emissions to zero by 2050, up from 25% currently.
Depends on change in the real economy, client choiceon Thursday projected that by 2030 at least three quarters of its investments in companies and governments will be tied to issuers with a scientific target to cut net greenhouse gas emissions to zero by 2050, up from 25% currently.
In Thursday's statement BlackRock avoided using the word "target", though, reiterating instead that the pace of change would be determined by the scale of decarbonisation in the real economy and clients' investment decisions. "The world's largest asset manager cannot get away with vaguely defined commitments. It must act with urgency, especially with respect to the fossil fuel expansionists in BlackRock's portfolio that are leading us to climate catastrophe," she said in a statement.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BlackRock is studying cryptocurrencies, stablecoins and more, says CEO Larry FinkAsset management giant BlackRock is studying the crypto sector broadly, said BlackRock CEO Larry Fink, in a conference call reported by the Wall Street Journal.
Read more »
BlackRock assets just under $10 trln, warns fees may sufferBlackRock Inc showed assets under management back below $10 trillion, hurt by the market rout in the first quarter, and cautioned that fees could come under pressure over the rest of the year because of volatile markets.
Read more »
Net-zero commitments could limit warming to below 2 °CClimate pledges made at COP26 may have the potential to keep warming to just below 2 °C, but only if all commitments are implemented as proposed
Read more »
Honda teases 2 electric sports cars, including possible redesigned NSXHonda will launch 30 EVs by 2030 and two of them will be sports cars.
Read more »