Speaking on a panel at the COP28 Singapore Pavilion on Dec 4, BlackRock’s head of sustainable and transition solutions, Jessica Tan, says the conversation “has really shifted”.
Clients of the world’s largest asset manager are willing to accept higher carbon intensity in their portfolios, as long as their investments are transitioning towards green goals.
A BlackRock executive says clients’ priorities have changed over the past three years. From maintaining a “clean” portfolio free of carbon-intensive assets in the past, clients now want to see the impact of their investments on the low-carbon transition.
