BlackRock’s own reporting undermines its climate claims

BlackRock New York office — Photo: Jerry Goldberg

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BlackRock’s chief executive Larry Fink said at the COP26 climate summit that the world’s largest asset manager was doing more to tackle climate change than any other financial firm. But its own reporting tells a different story.

“I don’t believe there’s any other firm doing as much as we are doing in finance,” Fink said on a panel at the Green Horizon Summit at COP26 this week. “I think we’re doing our part as well as anybody, if not better than anybody.”

Risk.net has compared BlackRock’s

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