Tag: BlackRock

First of its kind climate fund to back 100% renewable electricity

Stuart Mitchell

The New Zealand Government has worked with BlackRock, one of the world’s largest investors in climate infrastructure and clean technology, to launch a $2 billion fund with the goal of making New Zealand one of the first countries in the world to reach 100% renewable electricity. Prime Minister Chris Hipkins announced the first of its kind New Zealand net zero Fund alongside Minister of Energy and Resources Megan Woods and representatives of BlackRock in Auckland today. “This is a first of its kind fund in the country that demonstrates the…

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BlackRock and UN Women to Promote Gender Lens Investing

Stuart Mitchell

BlackRock, Inc. and UN Women, the United Nations entity dedicated to gender equality and women’s empowerment, have signed a Memorandum of Understanding agreeing to cooperate in promoting the growth of gender lens investing. As part of the agreement, signed at the World Economic Forum’s 2022 Annual Meeting in Davos, Switzerland, BlackRock will develop strategies to mobilize capital in support of economic opportunity for women. UN Women will serve as a knowledge partner and collaborate on data and research. BlackRock and UN Women to Promote Gender Lens Investing Gender lens investing…

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Temasek and BlackRock Launch Decarbonization Investment Partnership

Stuart Mitchell

Temasek and BlackRock, Inc. have announced that they have agreed to establish a partnership called Decarbonization Partners. The partnership will launch a series of late stage venture capital and early growth private equity investment funds that will focus on advancing decarbonization solutions to accelerate global efforts to achieve a net zero economy by 2050. BlackRock and Temasek intend to commit a combined US$600 million in initial capital to invest in multiple funds launched by the partnership. The funds will also raise third-party capital from investors who are committed to achieving…

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BlackRock Unveils New Offering to Power Investors’ Transition to Net Zero Emissions

Stuart Mitchell

Building on BlackRock’s strength in risk management through the Aladdin platform, BlackRock has announced it has created Aladdin Climate to meet the urgent need among financial institutions and investors to quantify climate risk in their portfolios as the physical toll of climate change mounts and the global transition to net zero emissions accelerates. Aladdin Climate is the first software application to offer investors measures of both the physical risk of climate change and the transition risk to a low-carbon economy on portfolios with climate-adjusted security valuations and risk metrics. Using…

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BlackRock Creates Foundation to Advance a More Inclusive and Sustainable Economy

Stuart Mitchell

BlackRock, Inc. has made a charitable contribution of 15.6 million shares of PennyMac Financial Services, Inc., with a market value of $589 million, to fund the firm’s social impact efforts to advance a more inclusive and sustainable economy. This charitable contribution will provide long-term funding for the firm’s future philanthropic investments and partnerships focused on promoting sustainability and economic mobility, and building a financial safety net for underserved and underemployed people. “Society today needs companies to create economic growth that benefits all stakeholders,” said Larry Fink, Chairman and CEO of…

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