BlackRock, Inc. — Ethics Grade C-

BlackRock, Inc. receives an overall ethics grade of C- (42/100) on CancelCo's corporate accountability database. Sector: Financial Services. Market cap: Large Cap.

Category scores

• labor: 60
• privacy: 70
• consumer: 55
• environment: 35
• humanRights: 30

Documented incidents (3)

• Fossil Fuel Investment Continuity (high, 2022) — BlackRock faced criticism from environmental groups for remaining one of the world's largest investors in coal and deforestation-linked commodities despite net-zero pledges.
• ESG Political Backlash and Misleading Claims (medium, 2023) — The company was accused by several US states of prioritizing climate agendas over fiduciary duties, while simultaneously being called out by activists for 'greenwashing' its fund labels.
• Investments in Controversial Regimes (high, 2021) — BlackRock faced scrutiny for its massive investments in Chinese companies blacklisted by the US government for ties to military-industrial complexes and human rights abuses.

Documented good deeds

• Decarbonization Partners Fund — Launched a multibillion-dollar venture capital fund focusing on late-stage decarbonization technologies and green hydrogen.

Ethical alternatives

• Trillium Asset Management — Specializes exclusively in sustainable and socially responsible investing with zero fossil fuel exposure.