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BlackRock

PRI reporting framework 2017

You are in Strategy and Governance » Governance and human resources

Governance and human resources

SG 07. RI roles and responsibilities

07.1.

Roles present in your organisation

          Global Head of Impact Investment
        
          Head of Climate Solutions FI
        

Other description (1)

07.2. For the roles for which you have RI oversight/accountability or implementation responsibilities, indicate how you execute these responsibilities.

BlackRock takes a matrix approach to setting and directing our approach to sustainable investment and investment stewardship. The Global Head of BlackRock’s Investment Stewardship and the Global Head of BlackRock’s Impact Investing team take leadership roles and direct the effort in consultation with colleagues from across the global firm who have relevant sustainable investment expertise. The effort is shaped in part by ESG trends, including opportunities and risk management trends, market trends, and input from colleagues with insights into client priorities and investment and research trends. We also enjoy support from BlackRock’s CEO, who has been public in his promotion of ESG factors as considerations in long-term investing.

07.3. Indicate the number of dedicated responsible investment staff your organisation has.

41 Number

07.4. Additional information. [Optional]

BlackRock Investment Stewardship – 31

BlackRock Impact – 8

Climate Solutions for Fixed Income – 2


SG 08. RI in performance management, reward and/or personal development

08.1. Indicate if your organisation’s performance management, reward and/or personal development processes have a responsible investment element.

Board members/Board of trustees

Chief Executive Officer (CEO), Chief Investment Officer (CIO),  Investment Committee

Other C-level staff or head of department

          Global Head of Impact Investment
        

Portfolio managers

Investment analysts

Dedicated responsible investment staff

Other role (1) [from SG 07]
          Head of Climate Solutions FI
        

08.3. Provide any additional information on your organisation’s performance management, reward and/or personal development processes in relation to responsible investment.

BlackRock has a robust annual evaluation and feedback process that incorporates objective setting with one's manager, a mid-year review and an end-of-year review. In addition to this, we strive to obtain manager and peer group informal feedback to employees on an ongoing basis throughout the year.

Members of BlackRock Impact, Climate Solutions, and Investment Stewardship teams have goals to advance the firm’s capabilities in terms of ESG integration, active ownership including engagement and voting, as well as the development of sustainable investment strategies and solutions to expand our offerings within responsible investment categories. Individual objectives are set within a context of team and firm objectives, ensuring that responsible investment activities are aligned with the firm’s strategy. The members of these teams, who are primarily responsible for the firm’s responsible investment activities, work in partnership with professionals across the global firm from various departments, including investing, analytics, sales and client service teams, and others to accomplish the firm’s work to advance ESG integration and create sustainable investment solutions that meet the needs of our clients. 

BlackRock's commitment to talent management is supported by a global team of professionals with deep experience in professional, management and leadership development. Continuous development plays a vital role in keeping BlackRock ahead in a competitive and increasingly complex business environment. At BlackRock our goal in talent development is to facilitate a blend of experience, exposure and education interventions through which all BlackRock employees get the right professional, technical, functional, management and leadership development to reach their full potential. This also applies to the BlackRock Impact, Climate Solutions and Investment Stewardship teams.


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