Black Rock, the world’s largest asset management company, is actively investing in companies such as Adidas, Tomra and Paul Corp. through a new circular economy fund betting on sustainable projects.
Black Hawk, which manages $ 6.84 trillion in assets, is the largest investor in fossil fuels and faces particular criticism for its continued exposure to coal.
Much of the activity is carried out through inactive index-linked investments, which account for about 90 percent of its equity assets, and is also the largest investor in renewable energy, the company says.
Sumana Manohar, director of the new fund, which was launched with the Ellen MacArthur Foundation, told reporters in London on Tuesday that the fund would focus its exposure on plastic waste disposal, recycling and shrinking and would be actively managed.
The fund, which started on October 2 with an original capital of $ 20 million, is spread over 30 to 50 companies.
For example, Manohar cited Adidas, which has pledged to use recycled plastics and polyester, and Norwegian Tomra, which provides “reverse vending machines” that allow consumers to return empty bottles and cans to grocery stores and American Paul Corp, which makes recyclable aluminum cans and casings. Recycling.
Manohar declined to name any other companies, but said it expects the fund to expand over the coming years to include, for example, recycling projects for metals used in the battery industry.