Environmental sustainability

Our commitment

In operating its own business, BlackRock pursues an environmental sustainability strategy that is focused on reducing GHG emissions and increasing the efficiency and resiliency of its operations by utilizing low-carbon energy solutions such as renewable electricity to power our operations and using sustainable aviation fuel (“SAF”), where possible.

In 2021, BlackRock made progress in its operational environmental sustainability strategy by employing energy efficiency strategies, achieving its 100% renewable electricity goal,¹ and compensating for those emissions the firm could not otherwise eliminate through the purchase of high-quality carbon credits.²

Underpinning BlackRock’s environmental strategy, the firm is working to achieve the following 2030 science-aligned emissions reduction goals (relative to a 2019 baseline): (i) 67% reduction of Scope 1 and 2 emissions by 2030; (ii) 40% reduction in Scope 3 business travel emissions by 2030; (iii) Engage suppliers representing 67% of the firm’s emissions (estimated based on spend) to set science-aligned goals by 2025.

Click here for BlackRock's 2022 TCFD Report

Click here for BlackRock's 2022 Greenhouse Gas Emissions Report