BlackRock sustainable investment funds under management has reached US$509 billion.

The figure is more than double a year ago chief executive officer Larry Fink said last week, speaking to analysts about the firm’s fourth quarter results. “Following a breakout in 2020, momentum in sustainable investments continued,” Fink said. “One of the biggest opportunities of this generation will be helping our clients navigate the transition to a net-zero economy.”

Europe, the Middle East and Africa accounted for almost two-thirds of new flows, or US$65 billion.