BlackRock launches impact fund for firms driving sustainable goals
Financial technology provider BlackRock has launched a high-conviction active equity impact strategy called the BlackRock Global Impact Fund.
The fund gives investors the opportunity to direct their investments towards companies helping to address major world challenges.
Funding will be made available to companies that are contributing to the advancement of the United Nations’ Sustainable Development Goals (SDGs), including increasing access to education, affordable housing, healthcare innovation, digital inclusion, preventing climate change and increasing efficiencies in water use.
The fund is managed through BlackRock’s Active Equities Impact Investing team, which was recently established under the leadership of Eric Rice, who joined the firm in October 2019.
Rice will draw on his 30 years’ industry experience, including most recently exclusively developing and managing impact strategies and his prior experience as a development economist and as a US diplomat in Rwanda working for the World Bank.
The fund forms part of BlackRock’s Sustainable Investing platform, which manages $107-billion in dedicated sustainable strategies.
The fund management team has set stringent impact criteria for the portfolio companies, including materiality, whereby a majority of revenues or business activity advances one or more of the SDGs, as well as additionality, which is defined as delivering a new technology or innovation to market and serving an underserved population, and measurability, which is the extent to which the impact must be quantifiable.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
SafeQuip is a leading distributor and manufacturer of fire safety solutions, offering a comprehensive range of products designed to meet all...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
