BlackRock Introduces New CO2 Policy for $150 Billion of Funds
- The decision affects 83 funds domiciled in European markets
- The plan may be extended to funds based in US, Asia-Pacific
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BlackRock Inc. is singling out funds with combined assets of $150 billion for an extra screen designed to ensure the investments are aligned with strict climate goals.
The world’s largest money manager said the decision affects 83 funds domiciled in Europe, according to an update to clients sent on Tuesday. The strategy, which will be applied to portfolios with stated climate and decarbonization objectives, also may be extended to funds in the US and Asia-Pacific region, as well as separate accounts managed for clients, BlackRock said.