BlackRock Inc
BlackRock's GHG Emissions Data Preview
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) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
aVerified Sources Behind BlackRock’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore BlackRock’s data sources below and access millions more through our Disclosure Search.
Insights into BlackRock's Operational Emissions
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). a
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. a
BlackRock's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are BlackRock's Scope 1 emissions?
In 2023, the total Scope 1 emissions of BlackRock were 6,689 metric tons of CO₂ equivalent (tCO₂e). a
Has BlackRock reduced its Scope 1 emissions over time?
Since 2018, BlackRock's Scope 1 emissions have increased by 39.21%, reflecting a rising long-term trend in Scope 1 emissions over time. a b
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. a
What are BlackRock's Scope 2 emissions?
In 2023, BlackRock reported Scope 2 greenhouse gas (GHG) emissions of 1,568 tCO₂e using the market-based method and 23,500 tCO₂e using the location-based method. a
Has BlackRock reduced its Scope 2 emissions over time?
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. a b
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. a
What methodology does BlackRock use for Scope 2 reporting?
In 2023, BlackRock reported its Scope 2 emissions using the market-based method and using the location-based method. a
BlackRock's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into BlackRock's Value Chain Emissions
In 2023, BlackRock reported 332,012 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
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. a
BlackRock's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are BlackRock's Scope 3 emissions?
In 2023, BlackRock reported total Scope 3 emissions of 332,012 metric tons of CO₂ equivalent (tCO₂e). a
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. a
Has BlackRock reduced its Scope 3 emissions over time?
Since 2018, BlackRock's Scope 3 emissions have increased by 496.8%, reflecting a rising long-term trend in Scope 3 emissions over time. a b
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. a
What categories of Scope 3 emissions does BlackRock disclose?
In 2023, BlackRock reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol. a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of BlackRock's Scope 3 emissions?
In 2023, the largest contributors to BlackRock's Scope 3 emissions were: a
- Purchased Goods and Services (Cat. 1): 234,645 tCO₂e (70.67%)
- Business Travel (Cat. 6): 46,720 tCO₂e (14.07%)
- Capital Goods (Cat. 2): 34,620 tCO₂e (10.43%)
BlackRock's Scope 3 Emissions by Categories
Insights into BlackRock’s GHG Emissions Intensity Compared to Industry Peers
In 2023, BlackRock reported Scope 1 greenhouse gas (GHG) emissions of 6,689 tCO₂e and total revenues of USD 17,861 millions. This translates into an emissions intensity of 0.37 tCO₂e per millions USD. a
BlackRock's Scope 1 Emissions Intensity Compared to Peers
How does BlackRock's GHG emissions intensity compare to its peers?
In 2023, BlackRock reported a Scope 1 emissions intensity of 0.37 tCO₂e per millions USD. Compared to the peer group median of 0.15 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
Where does BlackRock rank on GHG emissions intensity within its industry?
In 2023, BlackRock ranked 22 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
This places BlackRock among the least efficient performers, with one of the highest emissions intensities in its sector. a
Insights into BlackRock's Total Carbon Footprint
In 2023, BlackRock reported a total carbon footprint of 362,201 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.59% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a
The largest contributor to BlackRock's total carbon footprint was Scope 3 emissions, accounting for 91.67% of the company's total carbon footprint, followed by Scope 2 emissions at 6.49%. a