BlackRock ‘Breaks New Ground’ With Circular Economy Fund
By Louise Bowman
BlackRock has launched a new thematic fund, the BGF Circular Economy Fund, which aims to drive investment in businesses already benefiting from, or contributing to, the transition to a circular economy.
The fund, launched on October 2, has been established in partnership with the Ellen MacArthur Foundation, which is providing the investment firm with expert insights and guidance on circular economy principles and practices.
The fund was launched with $20 million seed capital from BlackRock.
“If the world is going to consume resources in a more sustainable way, demand will change,” says Evy Hambro, global head of thematic and sector investing at BlackRock. “I saw [Dame] Ellen [MacArthur] speak a year ago and it was a lightbulb moment.
Photo courtesy of Erlend Ekseth.