BlackRock Gives Aladdin Magic Green Lantern

BlackRock’s risk analysis platform, Aladdin, is to be enhanced to include climate-change modeling.

The world’s largest fund manager, BlackRock, is to collaborate with international consultancy Baringa Partners on integrating Baringa’s climate change scenario model into BlackRock’s Aladdin risk analysis platform, BlackRock said in a press release Thursday.

UBS, Credit Suisse Use Aladdin

Aladdin is estimated to be used for around 10 percent of all managed assets globally. Its clients in Switzerland include Credit Suisse and UBS as well as Fisch Asset Management.

BlackRock said in the statement that with over $2.3 trillion of assets under management in sustainability funds globally as of the first quarter of 2021 understanding the potential impacts of climate change and the transition to a low carbon economy remained a complex challenge for investors.

Baringa’s climate change scenario model is used by clients who have assets totaling more than $15 trillion, BlackRock added.