BlackRock unveils more sustainable ETFs

Following the launch of two carbon transition ETFs, the company has now released two more ETFs that align with the objectives of the Paris Agreement as Larry Fink, CEO, looks to make good on his climate rhetoric in his annual Letter to CEOs.

The iShares S&P 500 Paris Aligned UCITS ETF and the iShares MSCI World Paris Aligned UCITS ETF seek to reflect the S&P 500 Paris-Aligned Climate Sustainability Screened Index and of the MSCI World Climate Paris Aligned Benchmark Select Index.

The two follow the recent launch of the BlackRock US Carbon Transition Readiness ETF (LCTU) and the BlackRock World ex US Carbon Transition Readiness ETF (LCTD).

Both funds screen out companies based on their involvement in specific business activities and controversies and are designed to help reduce exposure to climate risks.

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