Temasek and BlackRock Launch Decarbonization Investment Partnership

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

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

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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BlackRock becomes Ellen MacArthur Foundation Global Partner

BlackRock, the world’s largest asset manager, and the Ellen MacArthur Foundation announce a Global Partnership. The partnership will bring together the power of investment and the value creation opportunity of a circular economy. Doing so, it aims to accelerate the transition and play a role in addressing major issues such as climate change, biodiversity loss, and pollution. Today, BlackRock also launches its first circular economy fund with the Ellen MacArthur Foundation – a strong signal to other investors and companies. The Fund aims to drive investments in businesses already contributing…

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