BlackRock launches world ESG insights equity fund

Regular ESG metric reporting included

BlackRock has launched a fund designed to simplify ESG investing through the focus on factors demonstrating materiality.

The Authorised Contractual Scheme (ACS) World ESG Insights Equity Fund is underpinned by BlackRock's existing ESG framework, designed to overweight companies it believes may benefit from capturing ESG risks while also aiming for a 50% reduction in carbon intensity compared to the FTSE Developed Index. The ESG framework also aggregates data from multiple sources into 15 proprietary sustainable descriptors that encompass ESG issues. The descriptors are mapped against a sector-specific materiality matrix BlackRock said is then used to produce a score for each company "in order to maximise t...