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Sustainability Talks

The Circular Economy Fund at Blackrock Raised $900 Million

Article-The Circular Economy Fund at Blackrock Raised $900 Million

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In its first year, the Blackrock investment fund focused on the global development of a circular economy has raised over $900 million. That’s good news for the environment.

The fund has invested in many companies with packaging, chemicals, forest products, electronics, food and drink, fast-moving consumer goods, textiles, software, healthcare and e-commerce.   

Forty-four percent of the companies backed by the fund to date are adopters such as Adidas, Nike, L’Oreal, Coca Cola European Partners (CCEP), Nestle, Microsoft and Trex.

To ensure that the allocation of the fund does not create unintended environmental or social consequences, BlackRock applies a framework criteria to all companies screened for potential participation. The companies with sound corporate governance practices, including how they manage the environmental and social aspects of their operations and better mitigate risk over the long term offer better risk-adjusted returns.

Read the original story here.

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