BlackRock Boosts ESG Data With Clarity AI Minority Stake
January 14 2021 - 11:22AM
Dow Jones News
By Dieter Holger
BlackRock Inc. took a minority stake in Clarity AI, an
environmental, social and governance data provider, and will add
the company's services to BlackRock's platform for investment
professionals.
Clarity's forward-looking artificial-intelligence data, covering
more than 30,000 companies across nearly 200 countries, will become
available on BlackRock's Aladdin professional service, BlackRock
said on Thursday. Last year, Aladdin added 1,200 sustainability
metrics and established ESG data partnerships.
Financial details of the deal weren't disclosed.
BlackRock said it joined other Clarity investors Deutsche Boerse
AG, Kibo Ventures, Mundi Ventures, Seaya Ventures and Founders
Fund.
Write to Dieter Holger at dieter.holger@wsj.com;
@dieterholger
(END) Dow Jones Newswires
January 14, 2021 12:07 ET (17:07 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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