Historic challenges and opportunities in the transition to a low-carbon economy are “on par with the rise of emerging markets and digitization in recent decades,” the Oct. 17 memo said.
“We believe many hundreds of billions, even trillions of dollars per year, will be invested through the transition and we have spent the past several years becoming a global leader in transition investing to ensure our clients have the tools they need to navigate it.”
In public markets, those tools include the largest sustainable indexing and ETF franchise and an active thematics team. In private markets, BlackRock capabilities include partnerships on climate Infrastructure and decarbonization, it said.
“Our aim is to be the clear global leader,” the memo said.
The transition capital unit will be led by Dickon Pinner, the former head of McKinsey’s global sustainability growth platform. Mr. Pinner is…
BlackRock creates unit for clean energy transition
