BlackRock’s climate commitments – one year on

On January 14th 2020 BlackRock’s CEO Larry Fink made a series of declarations on climate change and its potential impact on our global economy and the finance sector. Fink’s 2020 letters to CEOs and BlackRock’s own shareholders were filled with all the right language alongside a few exciting, if initial, steps that BlackRock would take to address the climate crisis.

One year on, we look at what BlackRock has actually done to deal with its climate problem.

The bottom line is that BlackRock has taken some small steps in the right direction, but has yet to actually address its own role in the climate crisis. Visionary financial leadership on climate change means taking responsibility for the impacts of your investments, and taking action that results in lowering global emissions.

So far, BlackRock’s actions are far from visionary.

There are several bold solutions BlackRock can implement in order to account for its role in the current crisis and become a true climate leader in the finance world, including offering fossil fuel and deforestation free funds as the the default option and adopting a policy that recognizes and respects the rights of Indigenous peoples.

Read the full post

New campaign website now live

Our campaign targeting the world’s biggest backer of fossil fuels has grown exponentially since we started it only two years ago. With all that’s happened within BlackRock and the finance sector since, we needed a new website to talk more about how asset managers continue to fuel climate destruction, and how they can in turn reshape global finance to lead us to visionary solutions.

VISIT THE NEW SITE →

Learn more and take action in Europe

Join leaders from climate groups from around the world to learn about BlackRock’s climate problem and take action online. Speakers include Ugandan campaigner Robert Agenonga, Patrick Houston from New York Communities for Change, Anabela Lemos of JA! in Mozambique, and 2020 Goldman Prize winner Lucie Pinson of Reclaim Finance. Get inspired, get informed, and get active!

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BlackRock’s Big Problem is a global network of NGO’s, social movements, grassroots climate groups and financial advocates that are pressuring asset managers like BlackRock to rapidly align their business practices with a climate-safe world.

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