Achieving long-term goals requires a long-term mindset, with a focus on building a more sustainable future for our clients, our employees and the communities in which we operate.
Our mission at BlackRock is to help people around the world plan for long-term financial goals — saving for retirement, planning to buy a home or paying for a child’s education. And achieving long-term goals like these requires a long-term mindset, with a focus on building a more sustainable future for our clients, our employees and the communities in which we operate.
There are a few key aspects of our sustainability efforts and work to achieve shared success: advocacy and engagement, investment management, and sound environmental management of our own operations.
We strongly believe in a more long-term approach by companies around the world. Within the firm, our investment stewardship team engages extensively with companies, advocating a long-term approach to create sustainable growth and closely examining a company’s environmental, social and governance practices. We also are a founding member of Focusing Capital on the Long Term, a nonprofit organization working to develop practical tools for driving long-term behaviors in business and investment decisionmaking.
BlackRock is also a leader in sustainable investing. In 2015, we launched the BlackRock Impact investment platform, which gives all types of investors — from individuals to institutions — the opportunity to align financial and social objectives. BlackRock Impact currently manages approximately $200 billion in sustainable investments, such as funds that focus on renewable power.
Finally, we are deeply committed to increasing the sustainability of our firm and our operations each year. As part of these efforts, we are working to mitigate our environmental impact through firmwide initiatives to reduce our emissions by powering our data centers and, increasingly, our offices with renewable sources of energy; rooting out waste; and reducing the energy and resource consumption of our offices around the world. We feel that these sustainability efforts must reflect the needs of communities in which we operate and the culture of our firm, and we work closely with local property managers, vendors, universities and governments to drive sustainable practices.
We know that more must be done and that sustainability can never be an afterthought. In 2017, we have established a new team to take the lead on sustainability, which will drive our efforts forward and help deliver shared success for our employees, our clients, our stakeholders and our local communities.