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BlackRock to draw on Aladdin technology for net zero push
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BlackRock, the world’s largest asset manager, has written to some of its biggest clients outlining how it will use data from its Aladdin platform to create detailed climate risk models.
“Clients have long expected their asset manager to have a sophisticated understanding of the direction of interest rates, inflation, and macroeconomic growth. Increasingly, they expect the same sophisticated understanding of the net zero transition,” BlackRock said in the client letter sent on 3 February.
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