BlackRock's 2021 TCFD Report
The report is their first disclosure of financed emissions using the PCAF Standard and it is major step for climate transparency in the financial sector.
Wall Street titan BlackRock Inc. in 2020 helped pump more than 330 million tons of greenhouse gases into the atmosphere — the equivalent of 71 million passenger vehicles driven for one year.
Those eye-popping figures don't come from environmentalists; they're from the investment firm itself. The world's largest money manager disclosed in December the planet-warming emissions associated with a majority of its investment portfolio — marking a first for BlackRock and also Wall Street more broadly.
Source: https://www.blackrock.com/corporate/literature/continuous-disclosure-and-important-information/tcfd-report-2021-blkinc.pdf & https://www.politico.com/news/2022/02/01/wall-street-giant-climate-impact-blackrock-00003447