BlackRock achieves record close of $1bn for renewable energy fund (2024)

FAQs

Does BlackRock invest in green energy? ›

“Recurrent Energy is emblematic of our strategy of investing in leading renewable power generation assets and transition-enabling infrastructure,” David Giordano, BlackRock's global head of climate infrastructure and chief investment officer of transition capital, added in the release.

The Sustainable Energy Fund seeks to maximize total return. The Fund invests globally at least 70% of its total assets in the equity securities of sustainable energy companies.

A 2021 report published by the IEA and Centre for Climate Finance & Investment at Imperial College Business School found that in the past 10 years, returns from renewable energy investments (422.7%) were more than 7 times the return on fossil fuels (59%).

Buying shares in the BlackRock Income and Growth Investment Trust is easy. You can do so via a stockbroker or an online platform. You can also invest in investment trusts through your ISA with another provider or self-invested personal pension (SIPP).

In operating its own business, BlackRock pursues a sustainability strategy that is focused on reducing GHG emissions associated with its facilities, data centers, and upstream value chain and addressing emissions it otherwise cannot reduce yet through investment in market solutions such as SAF and carbon credits.

Amazon invested in more than 100 new solar and wind energy projects in 2023, becoming the world's largest corporate purchaser of renewable energy for the fourth year in a row.

Renewable energy is an attractive investment option to many investors, but it can be tricky to identify authentic renewable investments due to many overstating sustainability credentials.

There are two ways to invest in renewable energy: either by buying the equities or bonds of the electricity or utility companies supplying the energy, or of the companies making components for the equipment that is needed to create power.

Which is better, Vanguard or BlackRock? ›

BlackRock offers various investment options through its iShares ETFs, but it may not provide full-service brokerage accounts. If you're looking for an option that lets you play a hands-on role in your investing decisions, Vanguard would be the better option.

Larry Fink is the founder, CEO and chairman of powerhouse investment management firm BlackRock, one of the world's largest asset managers. He and seven partners founded BlackRock in 1988. Originally it was part of The Blackstone Group.

According to the firm, BlackRock manages more than $800 billion via its sustainable investing platform, and integrates what it considers to be financially material ESG data in investment processes.

Blackrock's investment in its BLK shares represents only a tiny fraction (0.2%) of the company's holdings. As of Q1 2024, the top five Blackrock holdings included Microsoft (5.3%), Apple (4.2%), Nvidia (3.8%), Amazon (2.7%), and Meta Platforms (1.8%).

BlackRock's defence of its continued investment in fossil fuel assets drew a predictably critical response from campaigners.

Blackstone Invests in Sustainable Future & Energy Transition. With more than a trillion dollars in assets under management, Blackstone is the world's largest alternative asset manager.