
BlackRock to grant funds power to track climate risks
Aladdin system holding trillions of dollars to show whether funds are burning the Earth or saving it

BlackRock is upgrading the Aladdin risk management system to calculate how much global warming its investments are causing, a function that will also be available to external fund manager clients controlling tens of trillions of dollars of assets.
The world’s largest fund manager, and rival firms that use Aladdin, will be able to see how much warming each equity or bond in their portfolios is on track to produce. They will also be able to aggregate the ratings of their holdings to create a
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