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Alternative Market Briefing

Blackrock unveils climate risk analytics Aladdin

Wednesday, December 02, 2020

Laxman Pai, Opalesque Asia:

BlackRock, the world's largest asset manager, announced it has created Aladdin Climate to meet the urgent need among financial institutions and investors to quantify climate risk in their portfolios as the physical toll of climate change mounts and the global transition to net-zero emissions accelerates.

The new module, Aladdin Climate, helps investors measure both the physical risk of climate change and the risks to portfolios as economies shift to a low-carbon model. It is now available to investors outside BlackRock.

Aladdin Climate is initially available as an add-on for existing Aladdin clients globally with asset class coverage rolled out gradually throughout 2021, said a press release from the American global investment management corporation with $7.4 trillion in assets under management.

"There is no single issue that clients ask us more about than the impact of climate risk on their portfolio," said Rob Goldstein, BlackRock's Chief Operating Officer. "Yet, while lots of people are talking about climate risk today, what investors need to make informed decisions is data tied to specific securities in their portfolio. Aladdin Climate is a dramatic step forward to begin filling the information gap necessary to build truly sustainable portfolios."

According to the release, investors have long highlighted the need for improved ESG data to increase sustainable investing strategies. Now, the dramatic grow......................

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