"Sustainability as BlackRock's New Standard for Investing", 14 January 2020

...[I]nvestment risks presented by climate change [will]... have a profound impact on the pricing of risk and assets around the world... [S]ustainable investment options have the potential to offer clients better outcomes... we are making sustainability integral to the way BlackRock manages risk, constructs portfolios, designs products, and engages with companies. We believe that sustainability should be our new standard for investing... By the end of 2020, all active portfolios and advisory strategies will be fully ESG integrated – meaning that... BlackRock [willconsider] ESG risk with the same rigor that it analyzes traditional measures... [W]e are... removing from... companies that generate more than 25% of their revenues from thermal coal production, which we aim to accomplish by the middle of 2020... BlackRock’s alternatives business will make no future direct investments in companies that generate more than 25% of their revenues from thermal coal production... [O]ur investment stewardship team is intensifying its focus and engagement with companies on sustainability-related risks [by] Joining Climate Action 100+... mapping our engagement priorities to specific UN Sustainable Development Goals, such as Gender Equality and Affordable and Clean Energy... [and] enhancing the transparency of our stewardship practices