Clarity AI tech platform delivers insights
on the social and environmental impact of over 30,000
organizations
Data science and machine-learning help
clients develop sustainability insights
BlackRock announced minority investment in
Clarity AI
BlackRock Inc. (NYSE: BLK) today announced a minority investment
in Clarity AI, a sustainability analytics and data science
platform, as the firm continues to invest in delivering sustainable
investing analytics and software for clients. BlackRock will
integrate Clarity AI’s capabilities with Aladdin®, BlackRock’s
end-to-end operating system for investment professionals.
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Clarity AI uses big data and machine learning to create
actionable sustainability and impact insights and expand these to a
uniquely broad universe of companies, countries and local
governments. Its proprietary technology and data science
capabilities across environmental and social impact analyze more
than 30,000 companies, spanning almost 200 countries. Clarity AI
also supports regulatory and client reporting to help investors
meet new sustainability disclosure obligations.
“Investors are galvanized around sustainability as a critical
consideration in managing immediate and future risks, and better
data is foundational to this,” said Mary-Catherine Lader, Head
of Aladdin Sustainability at BlackRock. “As BlackRock makes
sustainability its standard for investing, we are committed to
raising the standards for ESG data and technology. We’re investing
in new analytics and software in Aladdin and are also integrating
capabilities from strategic partners like Clarity AI so clients can
understand their investments’ social and environmental impact and
risks. Clarity AI’s capabilities use machine learning to help
Aladdin clients analyze a broader universe of companies, address
their disclosure obligations and build more sustainable
portfolios.”
“BlackRock’s investment in Clarity AI and the integration of our
capabilities and comprehensive ESG, sustainability and impact data
into BlackRock’s Aladdin platform will be transformative, bringing
Clarity AI data and analytics to more of the world’s largest and
most significant investors,” said Rebeca Minguela, Founder and
CEO of Clarity AI. “This strategic partnership with BlackRock
reflects the growing demand for our innovative approach in helping
investors assess the impact of companies on our society and
planet.”
Demand for sustainable investing accelerated rapidly in 2020.
Global investors in mutual funds and ETFs invested $326 billion in
sustainable assets in the 12 months to November 2020, a 97%
increase over the same period in the prior year1. In addition, a
recent survey2 of global investors shows that their allocations to
ESG strategies are expected to double by 2025. Within the survey2,
53% of respondents cited concerns about “poor quality or
availability of ESG data and analytics” as their biggest barrier to
adopting sustainable investing. As more investors look for ways to
evaluate the social and environmental impact of their investments,
the need for improved ESG data and analytics in individual
investments and across whole portfolios will continue to grow.
Clarity AI builds on the existing sustainability dataset in the
Aladdin platform with additional forward-looking sustainability
analytics and models, generated from data about companies. These
insights complement traditional corporate ESG disclosures.
This investment is the latest step from BlackRock’s Aladdin
platform as it continues to invest in its sustainability
capabilities, which last year added 1,200 sustainability metrics
and established data partnerships to help investors understand ESG
and physical climate risks and opportunities.
BlackRock also recently unveiled Aladdin Climate, which helps
investors understand and act on climate risk. It 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.
BlackRock will join existing investors including Deutsche B�rse,
Kibo Ventures, Mundi Ventures, Seaya Ventures and Founders
Fund.
The terms of the transaction were not disclosed.
About BlackRock
BlackRock’s purpose is to help more and more people experience
financial well-being. As a fiduciary to investors and a leading
provider of financial technology, we help millions of people build
savings that serve them throughout their lives by making investing
easier and more affordable. For additional information on
BlackRock, please visit www.blackrock.com/corporate.
About Aladdin
Aladdin® is BlackRock’s end-to-end investment management and
operations platform used by institutional investors including asset
managers, pension funds, insurers and corporate treasurers. It
combines sophisticated risk analytics with comprehensive portfolio
management, trading and operations tools on a single, unified
platform. Also customized for wealth managers, the Aladdin platform
provides a common language across the investment lifecycle and
enables a culture of risk transparency among users.
About Clarity AI
Clarity AI is a global data science and technology platform that
uses machine learning and big data to deliver environmental and
social data that empowers investors to measure the impact of their
portfolios. Clarity AI’s platform analyzes more than 30,000
companies, 200,000 funds and 400 countries and local governments,
delivering data, analytics and software applications for investment
and corporate research and reporting. Founded in 2017, Clarity AI
has offices in the US, UK and Spain and a client network with over
$10 trillion assets under management. Clarity AI’s team is
specialized in technology, sustainability and research, with
collective experience from leading organizations, businesses and
research institutions including NASA, the World Bank, Google,
McKinsey & Company, Morgan Stanley, J.P. Morgan, Harvard, M.I.T
and more. For additional information on Clarity AI, please visit
www.clarity.ai.
___________________ 1 Simfund, Broadridge, GBI. Data as of Nov
2020. Closed-end funds, FoFs excluded; Money Market funds included.
2 BlackRock 2020 Global Sustainable Investing Survey, which
includes responses from 425 clients in 27 countries representing an
estimated $25 trillion in assets under management:
https://www.blackrock.com/corporate/literature/publication/blackrock-sustainability-survey.pdf
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Media Contacts
BlackRock
Kirsty King +44 7880 405 624
kirsty.king@blackrock.com
Matt Kobussen +1 (646) 231-0599
matt.kobussen@blackrock.com
Clarity AI
The One Nine Three Group | Stuart Davis +44 7808
611 048 stuart.davis@the193.com
The One Nine Three Group | Katherine Kremer +1
(917) 885 9704 katherine.kremer@the193.com
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