BlackRock Helps Clients Achieve Net-Zero Transition
A Brief Summary
BlackRock has offered its clients products and services that will help them move towards a net-zero world. The firm communicated through a letter to its clients.
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The letter mainly focuses on how to achieve net-zero targets by adopting certain best practices and technological solutions offered by the firm to its clients. According to BlackRock, decarbonisation is gaining attention and countries accounting for 95% of global emissions committed to reaching net-zero emissions in the coming years.
However, the speed at which the transition progresses is uncertain, owing to the pandemic impacting most countries, where a revived focus on fossil fuels is gradually gaining momentum.
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The firm created 'the BlackRock Transition Scenario', which helps investors move away from fossils fuels and adopts impact technologies, sectors and regions.
A huge sum of money is already set aside for products focused on environmental, social and governance-related investments. The firm also has plans to launch more active and passively managed products to help clients access climate-aware strategies.