|Delayed - 01/20 04:10:00 pm|
BlackRock : Launches Climate Risk Software
|12/01/2020 | 10:24am|
By Maitane Sardon
Money-management giant BlackRock Inc. said Tuesday that it has launched software for institutions and investors to help them measure climate risks in their investment portfolios.
BlackRock said the tool, called Aladdin Climate, quantifies sustainability-related risks and opportunities. Physical risks of climate change can include the impacts from floods and storms on companies' buildings.
BlackRock said the tool will also measure the impact of policy changes, technology, and energy supply on specific investments.
"There is no single issue that clients ask us more about than the impact of climate risk on their portfolio," Rob Goldstein, BlackRock's chief operating officer, said.
The asset manager also said it has partnered with data providers Sustainalytics and Refinitiv to get more access to environmental, social and governance data.
Write to Maitane Sardon at email@example.com
(END) Dow Jones Newswires