Blackrocks big problem

The climate crisis threatens life as we know it. We all face a global emergency, but the finance industry has the power to lead the change we need. BlackRock is the world’s biggest asset manager, with USD $8.5 trillion in assets under management. It’s also one of the world’s top investors in climate destruction. WITH POWER COMES RESPONSIBILITY Global asset managers, like BlackRock, supply fossil fuel companies with a steady stream of capital. They also invest heavily in companies driving deforestation and back firms that undermine Indigenous rights. Asset managers that continue to fund the climate crisis face exponential risks, both environmental and financial. That’s BlackRock’s Big Problem. The solutions are bold, but possible BlackRock must stop funding destruction and start leading sustainable finance. We know a full transformation of the financial system can’t happen overnight, but immediate, decisive action is our only chance for a viable future. #1 Exclude climate-harming companies from active funds #2 Expand pro-climate engagement and voting #3 Adopt a global baseline climate standard for ESG #4 Promote human and Indigenous rights #5 Offer climate funds by default #5 Offer climate funds by default