BlackRock unveils two Paris-aligned sustainable equity ETFs

BlackRock has launched two ETFs that aim to help investors align their portfolios with the objectives of the Paris Agreement as the firm's EMEA sustainable range exceeds $50bn AUM. The iShares S&P 500 Paris Aligned UCITS ETF and the iShares MSCI World Paris Aligned UCITS ETF are designed to mitigate exposure to transition and physical climate risks, capture opportunities arising from the transition to a lower-carbon economy, and screen out exposure to businesses involved in activities such as oil and gas, thermal coal, controversial weapons, high-carbon electricity generation and social ...