A deeper look into major palm oil groups operating in Indonesia
BlackRock, Inc. engages in providing investment management, risk management, and advisory services for institutional and retail clients worldwide.
Its products include single and multi-asset class portfolios investing in equities, fixed income, alternatives, and money market instruments.
The company was founded by Ralph L. Schlosstein, Susan L. Wagner, Robert Steven Kapito, and Laurence Douglas Fink in 1988 and is headquartered in New York, NY.
Notable ESG policies related to deforestation:
BlackRock is considered an industry leader in ESG after CEO Larry Fink’s ground breaking letter to investors in 2020. The letter squarely framed climate risk as investment risk and called upon companies to both disclose industry specific risk through the Sustainable Accounting Standards Board and climate risk through the Task Force on Climate Related Financial Disclosures.
Deforestation risk, however, has received comparatively less attention than fossil fuels at Blackrock, which remains a major investor in forest risk companies. Despite acknowledging deforestation risk in 2016, Blackrock fell short of establishing a clear no deforestation policy.
Blackrock forestry commitments: Exclude companies failing to address deforestation risks in their supply chains, including retailers and food producers.
Reasoning given: Deforestation and forest degradation contribute to 10 to 20 percent of global CO2 emissions.
|Financier||Palm Oil Group||Shareholdings (% ownership)|
|BlackRock Advisors (UK) Ltd.||Genting Singapore Ltd.||0.19%|
|BlackRock Advisors (UK) Ltd.||PT Astra International Tbk||0.27%|
|BlackRock Advisors (UK) Ltd.||PT Indofood CBP Sukses Makmur Tbk||0.12%|
|BlackRock Advisors (UK) Ltd.||PT Indofood Sukses Makmur Tbk||0.30%|
|BlackRock Advisors (UK) Ltd.||PT Perusahaan Perkebunan London Sumatra Indonesia Tbk||0.15%|
|BlackRock Advisors (UK) Ltd.||PT Sawit Sumbermas Sarana Tbk||0.08%|
|BlackRock Advisors (UK) Ltd.||Sime Darby Plantation Bhd.||0.17%|
|BlackRock Asset Management North Asia Ltd.||PT Astra International Tbk||1.06%|
|BlackRock Asset Management North Asia Ltd.||PT Indofood CBP Sukses Makmur Tbk||0.06%|
|BlackRock Fund Advisors||Bumitama Agri Ltd.||0.06%|
|BlackRock Fund Advisors||FGV Holdings Bhd.||0.48%|
|BlackRock Fund Advisors||First Resources Ltd. (Singapore)||0.37%|
|BlackRock Fund Advisors||Genting Plantations Bhd.||0.74%|
|BlackRock Fund Advisors||Genting Singapore Ltd.||0.88%|
|BlackRock Fund Advisors||Golden Agri-Resources Ltd.||0.52%|
|BlackRock Fund Advisors||PT Astra International Tbk||0.83%|
|BlackRock Fund Advisors||PT Indofood CBP Sukses Makmur Tbk||0.50%|
|BlackRock Fund Advisors||PT Indofood Sukses Makmur Tbk||1.13%|
|BlackRock Fund Advisors||PT Perusahaan Perkebunan London Sumatra Indonesia Tbk||0.73%|
|BlackRock Fund Advisors||PT Sawit Sumbermas Sarana Tbk||0.88%|
|BlackRock Fund Advisors||Sime Darby Plantation Bhd.||0.61%|
|BlackRock Fund Advisors||Wilmar International Ltd.||0.63%|
|BlackRock Investment Management (UK) Ltd.||Genting Singapore Ltd.||0.09%|
|BlackRock Investment Management (UK) Ltd.||Golden Agri-Resources Ltd.||0.07%|
|BlackRock Investment Management (UK) Ltd.||PT Astra International Tbk||0.27%|
Lucida forest risk commodity: Palm oil
Forest risk country: Indonesia
Assets under management: USD 5.9 trillion
Shares in Forest 500 companies: USD 167 billion
Bonds in Forest 500 companies: USD 6 billion
Source: Forest 500, RSPO
Top Ten Financiers
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