BlackRock, the world’s largest asset manager with more than $6.8 trillion assets under management, has joined the Climate Action 100+, which aims to sway companies ranging from fossil-fuel producers to consumer-product conglomerates to be carbon neutral by 2050.
“BlackRock’s decision to sign on to Climate Action 100+ reinforces that the world’s largest asset manager believes that climate change is a growing financial risk to both companies and the global economy," said Mindy Lubber, member of the Climate Action 100+ Steering Committee and CEO and president at Ceres. “Given BlackRock’s size and influence, their commitment to accelerating engagements with the largest corporate greenhouse gas emitters on climate change sends a powerful signal to companies to reduce emissions, improve corporate governance and strengthen their disclosure. Climate Action 100+ has already had an enormous impact and generated ground-breaking net-zero emission targets from some of the