BlackRock iShares Aladdin Our company Local websites About Us Newsroom Insights Investor Relations Corporate sustainability Careers SUSTAINABILITY AT BLACKROCK Innovative climate solutions The transition to a net zero world, and the more sustainable future it promises, is the shared responsibility of every citizen, corporation and government. BlackRock’s net zero commitment Over $50T in new investments is needed to fund the global energy transition.1 Reaching that staggering number will require innovative new partnerships across the public, private and nonprofit sectors – along with different forms of financing. As the world's largest asset manager,2 BlackRock is leveraging its investment expertise and resources to spur innovation and accelerate the decarbonization solutions that will help society prosper. To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video. Play Video Transcript Funding innovation in clean energy to combat climate change Moving the world towards net zero is a historic transition that requires everyone to do their part. Through The BlackRock Foundation's commitment, we are helping to accelerate the affordability and availability of clean energy technologies. The BlackRock Foundation funding innovative climate technologies We see an emerging role for philanthropic capital to fill important gaps in funding to de-risk and accelerate the availability of clean energy technologies. This is why The BlackRock Foundation is committing $100M to the Breakthrough Energy Catalyst Program. Catalyst provides a new framework for how companies, governments and private philanthropy can finance, produce and buy new solutions to accelerate a low-carbon economy. Catalyst’s initial focus will be to help speed the development and commercialization of four clean energy technologies: direct air capture, green hydrogen, sustainable aviation fuel and long-duration energy storage. Catalyst identifies technologies at critical junctures where investments and blended financing can reduce the green premium - the difference in cost between a carbon emitting technology and its cleaner alternative. The commitment is the Foundation’s largest grant since it was founded in February 2020 and will help bring vital clean energy solutions forward – at scale – to achieve the world’s decarbonization goals and mitigate the uneven impact of climate change on communities. Making clean technologies viable and affordable for the communities who depend on them is aligned to The BlackRock Foundation’s mission to help people build financial security and participate in an inclusive transition to a low-carbon future. This approach builds upon the firm’s philanthropic leadership on other pressing societal issues that impact the financial security and wellbeing of people and communities around the world. Social Impact at BlackRock We partner with nonprofits, start-ups, corporations and our employees to create impact, whether in our own communitites or on a global scale. Learn more The BlackRock Foundation We established The BlackRock Foundation to create a more inclusive and sustainable economy. Learn more BlackRock's Emergency Savings Initiative We committed $50M to help people living on low incomes build short-term savings, an important financial safety net. Learn more BlackRock clean energy initiatives The climate transition presents an historic investment opportunity. However, the world cannot reach net zero emissions by 2050 unless clean energy products are more price competitive, helping to phase out traditional technologies that emit greenhouse gases. The goal of focusing investments on clean technologies such as direct air capture or green hydrogen is to reduce emissions by more than 10Gt of CO2 per year, or the equivalent of nearly 20% of global emissions today. The BlackRock Foundation’s $100M grant complements several other initiatives where the firm has taken action to mobilize catalytic capital and to convene key actors across the net zero ecosystem. Earlier this year, BlackRock launched an initiative bringing together governments, philanthropies and institutional investors to invest in renewable power generation, energy storage solutions and electrified transportation services in emerging markets. BlackRock also formed a partnership to advance decarbonization solutions through late stage venture capital and early growth private equity investment funds. BlackRock is also helping clients access low-carbon transition strategies with our launch of two ETFs earlier this year which brought in a record of more than $1.5B in investments on launch day from institutional investors mobilizing capital for the energy transition. We’re complementing our sustainable product innovation with a push for greater transparency and disclosure by supporting SASB and TCFD as the benchmark frameworks for companies to disclose their approach to climate-related risks and the transition to a lower carbon economy. Our call for SASB and TCFD-aligned reporting helped spark a more than 200% increase in SASB reporting companies from January to October 2020.3 Join us Help us move the world towards net zero by supporting clean energy projects or by joining a BlackRock team. Careers at BlackRock Committed to sustainability We're committed to helping more and more people experience financial well-being, and we believe the transition to a net zero economy by 2050 is a big part of that ambition. 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Since 1999, we've been a leading provider of financial technology, and our clients turn to us for the solutions they need when planning for their most important goals. CORPORATE Careers Newsroom Investor relations UK Corporate Tax Strategy UK Gender Pay Reporting Accessibility LEGAL Terms & Conditions Privacy Policy Business Continuity FINRA BrokerCheck Best Ex & Order Placement Policy Rule 606 Disclosure © 2021 BlackRock, Inc. All rights reserved. 1 https://www.morganstanley.com/ideas/investing-in-decarbonization 2 In 2009, BlackRock acquired Barclay's Global Investors (BGI), becoming the world's largest asset manager. 3 Data is January 1, 2020 to October 31, 2020. Global Use of SASB Standards. Available at: https://www.sasb.org/global-use/ © 2021 BlackRock, Inc. All Rights Reserved. BLACKROCK is a trademark of BlackRock, Inc. All other trademarks are those of their respective owners. MKTGH0921U/M-1833527-2/2