In 2023, BlackRock completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).
BlackRock has also provided a category-level breakdown for 8 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
---|---|---|---|---|
Total Scope 1 | 0000000 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 2 | ||||
Market-Based | 0000000 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Location-Based | 0000000 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | 0000000 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
In 2023, the total operational greenhouse gas (GHG) emissions of BlackRock amounted to 30,189 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).
Compared to 2022, the total operational greenhouse gas (GHG) emissions of BlackRock increased by 8.15%, suggesting that the company faced challenges in reducing its emissions from its core operations.
In 2023, the total Scope 1 emissions of BlackRock were 6,689 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Since 2018, BlackRock's Scope 1 emissions have increased by 39.21%, reflecting a rising long-term trend in Scope 1 emissions over time.
Compared to the previous year (2022), BlackRock's Scope 1 emissions increased by 4.5%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.
In 2023, BlackRock reported Scope 2 greenhouse gas (GHG) emissions of 1,568 tCOâ‚‚e using the market-based method, and 23,500 tCOâ‚‚e using the location-based method.
Since 2018, BlackRock's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have remained relatively stable, indicating that BlackRock 's emissions have plateaued with no significant change in its energy consumption footprint.
Compared to the previous year (2022), BlackRock's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that BlackRock 's emissions have plateaued with no significant change in its energy consumption footprint.
In 2023, BlackRock reported its Scope 2 emissions using the market-based method and using the location-based method.
In 2023, BlackRock reported 323,827 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.
The 2023 disclosure of BlackRock includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.
In 2023, BlackRock reported total Scope 3 emissions of 323,827 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.
Since 2018, BlackRock's Scope 3 emissions have increased by 482.09%, reflecting a rising long-term trend in Scope 3 emissions over time.
Compared to the previous year (2022), BlackRock's Scope 3 emissions remained relatively stable, indicating that BlackRock 's emissions have plateaued with no significant change in its value chain footprint.
In 2023, BlackRock reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol.
This partial disclosure allows for some insight into the company's indirect impacts.
In 2023, the largest contributors to BlackRock's Scope 3 emissions were:
In 2023, BlackRock reported a total carbon footprint of 354,016 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.7% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.
The largest contributor to BlackRock's total carbon footprint was Scope 3 emissions, accounting for 91.47% of the company's total carbon footprint, followed by Scope 2 emissions at 6.64%.