BlackRock partners with Baringa to boost climate change analytics technology

BlackRock hopes the move will improve its Aladdin risk management system

BlackRock has strengthened its climate change analytics technology by agreeing to buy and integrate Baringa’s Climate Change Scenario Model (CCSM).

A new long-term partnership will see the firms collaborate to set the standard for modelling the impacts of climate change and the transition to a low carbon economy on financial assets for investors, banks and clients. BlackRock hopes the move will improve Aladdin Climate, which is part of its flagship portfolio management platform. It identifies climate risk in portfolios - by measuring impacts of physical risks, extreme weather events, and transition risks such as policy changes, new technology, and energy supply - so investors can take action to reduce their exposure. BlackRock la...