BlackRock announced last week that by 2030, at least 75% of the corporate and sovereign assets it manages on behalf of clients will be in issuers with science-based targets for climate change.
This commitment, coming from the world’s largest asset manager, could have a significant impact on reducing global emissions. However, whether BlackRock adopts criteria to ensure that the heavy emitters in its portfolio are clearly included by the aim will determine the target’s real impact.
