BlackRock Investor Day 2021
End notes
IRH0621U/M-1675207-1/171
These notes refer to the financial metrics and/or defined term presented on:
Slide 112 BlackRock sustainable investment strategies
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2.
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4.
As of 3/31/21. Represents dedicated sustainable investments, including: 1) strategies with an explicit ESG objective which may include a targeted quantifiable ESG
outcome ("Broad ESG"); 2) strategies that capitalize on long-term transformative industry or societal trends through pursuit of specific E, S or G themes ("Thematic");
3) strategies where investments are made with the intention to generate positive measurable social and environmental impact alongside financial return ("Impact")
and; 4) screened strategies that incorporate BlackRock's baseline screens ("Dedicated Screened"). BlackRock's definition of impact investments is in line with the
International Finance Corporation's Operating Principles for Impact Management.
Net new business represents net asset inflows. LTM net new business represents net new business over last twelve months ending 3/31/21. Organic asset growth
rate calculated by dividing net asset inflows over beginning of period assets.
Net new base fees represents net new base fees earned on net asset inflows. LTM net new base fees represents net new base fees over last twelve months ending
3/31/21. Organic base fee growth rate calculated by dividing net new base fees earned on net asset inflows by the base fee run-rate at the beginning of period.
Revenue includes base fees, securities lending and performance fees.
Slide 113 Growth in sustainable investment strategies outpaced the industry in 2020
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Industry represents the asset management industry. Sources: Simfund, Morningstar "Sustainable Investment - Overall" for US MFs; Broadridge "RI- Screened", "RI -
Embedded" for Non-US MFs, iShares Global Business Intelligence "Sust.", "Sustainability related" for global ETFs; data as of Mar 2021. Excludes FoFs and closed-
end funds. US Sustainable Money Market funds not included in Morningstar's flagging methodology.
Represents dedicated sustainable investments, including: 1) strategies with an explicit ESG objective which may include a targeted quantifiable ESG outcome ("Broad
ESG"); 2) strategies that capitalize on long-term transformative industry or societal trends through pursuit of specific E, S or G themes ("Thematic"); 3) strategies
where investments are made with the intention to generate positive measurable social and environmental impact alongside financial return ("Impact") and; 4)
screened strategies that incorporate BlackRock's baseline screens ("Dedicated Screened"). BlackRock's definition of impact investments is in line with the
International Finance Corporation's Operating Principles for Impact Management.
Slide 115
BlackRock well-positioned to help clients invest sustainably
Source: BlackRock, as of March 31, 2021.
Slide 116 BlackRock's net zero commitment
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Sources: BlackRock Investment Institute, with data from Refinitiv Datastream and Bloomberg, February 2021.
Slide 117 BlackRock's scaled platform enables us to offer clients more choice across the sustainability spectrum
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2.
3.
Figures as of 3/31/21. Represents dedicated sustainable investments, including: 1) strategies with an explicit ESG objective which may include a targeted
quantifiable ESG outcome ("Broad ESG"); 2) strategies that capitalize on long-term transformative industry or societal trends through pursuit of specific E, S or G
themes ("Thematic"); 3) strategies where investments are made with the intention to generate positive measurable social and environmental impact alongside
financial return ("Impact") and; 4) screened strategies that incorporate BlackRock's baseline screens ("Dedicated Screened"). BlackRock's definition of impact
investments is in line with the International Finance Corporation's Operating Principles for Impact Management.
Investment process must adhere to the Operating Principles for Impact Management per The Impact Principles.
There are two sets of BSI Baseline Screens, EMEA (more stringent) and Global Ex-EMEA, which avoid exposure to certain companies or sectors that pose reputational
risks or violate the end investor's values. Controversial is defined by client preferences and mandates.
BlackRock
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