BlackRock has invested in short-term green Asset-Backed Commercial Paper (ABCP) developed by Credit Suisse to fund solar energy in the United States. This investment channels capital from clients looking to invest cash sustainably. The notes were issued by Alpine Securitization LTD (a special purpose vehicle sponsored by Credit Suisse to issue ABCP). The $1.22bn investment was made across BlackRock's global Money Market Funds (MMFs), including their environmentally focused MMF platform. The BlackRock Liquid Environmentally Aware Fund platform (LEAF), combines a proprietary ESG-driven ...
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