SUSTAINABILITY AT BLACKROCK From ambition to action - the path to net zero We are asking bigger questions to spark new ideas and innovations together on the road to net zero. We’re committed to an inclusive, equitable, and prosperous transition for all. Importance of net zero Our commitment What are we doing? Our partners What comes next Capital at risk. All financial investments involve an element of risk. Therefore, the value of the investment and the income from it will vary and the initial investment amount cannot be guaranteed. To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video. Play Video Transcript The action we’re taking We believe that the transition to a net zero world is the shared responsibility of every citizen, corporation, and government. Learn about the steps we’re taking to mitigate the risks of climate change and help the world transition to net zero. Read More About Net Zero Why is net zero important? Climate risk is investment risk Climate risk will fundamentally reshape finance and drive a significant reallocation of capital. The transition creates opportunity The net zero transition will create risks, but also a historic investment opportunity. A successful transition benefits the world We believe a successful and orderly net zero transition is in the financial interest of both our clients and the economy as a whole. To lead the change, we have to keep changing In January 2021, we committed to supporting the goal of net zero greenhouse gas emissions by 2050 or sooner – and announced a number of steps to help our clients navigate the transition. Our commitment Larry Fink’s 2021 letter to CEOs BlackRock’s 2021 letter to clients As part of helping our clients to align their investments to Net Zero, we are proud to invest in sustainable infrastructure across the UK; from wind farms in Grimsby to solar power production in Pembrokeshire, which power 1.8 million British homes each year. Sarah Melvin Head of UK and Ireland What are we doing to advance sustainability at BlackRock? Innovating with our products and technology Investing in decarbonization BlackRock and Temasek have partnered to establish Decarbonization Partners, a USD $600M partnership that will invest in companies providing solutions that reduce carbon emissions and accelerate the transition to a net zero economy. Learn more. Making sustainable investing easier In 2020, we introduced 93 new sustainable solutions* which helped clients allocate USD $39B to sustainable strategies. Learn more with iShares sustainable solutions. Quantifying climate risk to enable climate action Aladdin Climate translates the risks and opportunities associated with climate change into investment terms so that investors can take action in their portfolios. Learn more. (institutional and professional investors only in certain markets) Setting the standard for climate analytics We’re partnering with Baringa to model the impacts of climate change and the transition to a low carbon economy on companies and financial assets globally. * This is inclusive of multiple different implementations across various vehicles and jurisdictions. Engaging with companies Establishing robust engagement priorities We aim to be the voice of the long-term investor, encouraging companies to focus on the governance and sustainability risks and opportunities that can impact their businesses. Read our 2021 engagement priorities. Reporting on our stewardship actions We are committed to transparency in our investment stewardship activities. Read our 2021 voting spotlight report, "Pursuing long-term value for our clients". By developing expert research and insights Turning risk into opportunity We believe that the transition to a net zero carbon emissions world will reward firms, sectors and regions that adjust. That’s why we’ve incorporated climate risk into our portfolio design. Learn how we’re turning risk into opportunity for investors. Exploring different approaches to sustainable investing We recently surveyed our clients worldwide to understand the challenges they face in sustainable investing and uncover areas for innovation. Read the survey results. Leading by example through our business and philanthropy Putting our philanthropic capital to work BlackRock has committed USD $100M to the Breakthrough Energy Catalyst Program to help fund clean energy technology and accelerate the transition to net zero. Providing transparency into our operations As an investor and advocate for greater transparency, BlackRock is committed to providing meaningful sustainability information to its stakeholders. Read our latest Sustainability Accounting Standards Board (SASB)-aligned report. Our partners on the path to net zero • We are a founding member of the Task Force on Climate-Related Financial Disclosure (TCFD) and a member of the Taskforce on Nature-related Financial Disclosures (TNFD) because we believe that consistent, high quality, and material data are critical to assessing sustainability risks and opportunities and transitioning to net zero. • As a signatory of the Net Zero Asset Managers Initiative, we are one of 100+ asset managers committed to aligning the financial sector and supporting the goals of the Paris Agreement. • As a member of the Glasgow Financial Alliance for Net Zero, we are working with over 160 financial firms to accelerate the transition to net zero and are co-leading GFANZ’s work on sectoral decarbonization pathways. • We have joined Climate Action 100+ to help ensure the world’s largest greenhouse gas emitters take necessary action on climate change. To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video. Play Video Transcript These actions are just a start. There’s a long and complex journey ahead. That’s why we will continue to ask bigger questions – of ourselves, our industry, and society at large. Because the bigger the questions we ask now, the bigger the actions we can take - together. As a global investment manager and fiduciary to our clients, our purpose at BlackRock is to help everyone experience financial well-being. 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 LEGAL Terms & conditions Privacy policy Business continuity Modern Slavery Statement Best Ex policy and reports s172 and Corporate Governance Statements © 2021 BlackRock, Inc. All rights reserved. MKTGH1021E/S-1884574-5/5