BlackRock is teaming up with Microsoft and the World Resources Institute (WRI) to help develop new datasets on water stress in emerging markets.
Research from WRI finds that 17 countries - home to one-quarter of the world’s population - face “extremely high” levels of baseline water stress.
Speaking to RI, Mary-Catherine Lader, Head of Aladdin Sustainability at BlackRock, said last year it partnered with Microsoft to create grant funding for research projects to advance the availability of sustainability data where there were gaps.
“We have decided to initially focus on water stress,” she said. “So we’ve closed a partnership with the World Resources Institute and Microsoft to fund a research competition to develop new datasets on water stress in emerging markets.”
She said the grants will be awarded in the Spring.
The news comes as BlackRock on Friday announced its first investment into a sustainability-focused company with a minority sh…