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BlackRock Inc
BlackRock's GHG Emissions Data Preview
In 2024, 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 9 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 | 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.  b | Copy restricted. Please purchase to unlock this data.  b | 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 |
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bVerified 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 2024, the total operational greenhouse gas (GHG) emissions ofBlackRock amounted to29,788metric 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 2023, the total operational greenhouse gas (GHG) emissions of BlackRockdecreased by 2.28%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
BlackRock's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are BlackRock's Scope 1 emissions?
In 2024, the total Scope 1 emissions of BlackRock were 7,188 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has BlackRock reduced its Scope 1 emissions over time?
Since 2019, BlackRock's Scope 1 emissions have increased by 9.19%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year(2023), BlackRock's Scope 1 emissions increased by 2.94%, 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 2024, BlackRock reported Scope 2 greenhouse gas (GHG) emissions of 773 tCOâ‚‚e using the market-based method and 22,600 tCOâ‚‚e using the location-based method.a
Has BlackRock reduced its Scope 2 emissions over time?
Since 2019, 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
Compared to the previous year(2023), 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 2024, 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 2024, BlackRock reported 322,761 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of BlackRock includes a breakdown across 8of the 15 Scope 3 categories defined by the GHG Protocol,down from 9 in 2023, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.a
BlackRock's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are BlackRock's Scope 3 emissions?
In 2024, BlackRock reported total Scope 3 emissions of 322,761 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).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 2019, BlackRock's Scope 3 emissionshave remained relatively stable, indicating that BlackRock's emissions have plateaued with no significant change in its value chain footprint.ac
Compared to the previous year (2023), BlackRock's Scope 3 emissions decreased by 62.69%, highlighting the company's efforts to lower indirect emissions from its value chain.ab
What categories of Scope 3 emissions does BlackRock disclose?
In 2024, 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 2024, the largest contributors to BlackRock's Scope 3 emissions were:a
- Purchased Goods and Services (Cat. 1): 241,307 tCOâ‚‚e(74.76%)
- Business Travel (Cat. 6): 47,796 tCOâ‚‚e(14.81%)
- Capital Goods (Cat. 2): 26,257 tCOâ‚‚e(8.14%)
BlackRock's Scope 3 Emissions by Categories
Insights into BlackRock’s GHG Emissions Intensity Compared to Industry Peers
In 2024, BlackRock reported Scope 1 greenhouse gas (GHG) emissions of 7,188 tCOâ‚‚e and total revenues of USD 20,409 millions. This translates into an emissions intensity of 0.35 tCOâ‚‚e 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 2024, BlackRock reported a Scope 1 emissions intensity of 0.35 tCOâ‚‚e 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 2024, BlackRock ranked 21 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e 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 2024, BlackRock reported a total carbon footprint of 352,549 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 60.63% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.ab
The largest contributor to BlackRock's total carbon footprint was Scope 3 emissions, accounting for 91.55% of the company's total carbon footprint, followed by Scope 2 emissions at 6.41%.a