BlackRock Launches Climate Risk Software
December 01 2020 - 10:38AM
Dow Jones News
By Maitane Sardon
Money-management giant BlackRock Inc. said Tuesday that it has
launched software for institutions and investors to help them
measure climate risks in their investment portfolios.
BlackRock said the tool, called Aladdin Climate, quantifies
sustainability-related risks and opportunities. Physical risks of
climate change can include the impacts from floods and storms on
companies' buildings.
BlackRock said the tool will also measure the impact of policy
changes, technology, and energy supply on specific investments.
"There is no single issue that clients ask us more about than
the impact of climate risk on their portfolio," Rob Goldstein,
BlackRock's chief operating officer, said.
The asset manager also said it has partnered with data providers
Sustainalytics and Refinitiv to get more access to environmental,
social and governance data.
Write to Maitane Sardon at maitane.sardon@wsj.com
(END) Dow Jones Newswires
December 01, 2020 10:23 ET (15:23 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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