BlackRock to focus on sustainable investments

  • 1 min read

BlackRock, the world's largest fund manager, has announced it will aim to increase its sustainable assets from £90bn to $1tn in the next decade. The fund will double the number of sustainable traded funds it offers as well as reducing the number of companies (in actively managed portfolios) that generate over a quarter of revenues from thermal coal. 

Chief Executive, Larry Fink highlighted the dangers that climate change could represent to markets and noted that BlackRock will now assess environmental, social and governance with greater rigour. Fink further wrote that BlackRock believes "sustainable investing is the strongest foundation for client portfolios going forward".


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