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In brief: Blackstone plans 2022 carbon footprinting effort

The initiative is mentioned in the firm's '2021 ESG Update' document.

Blackstone is designing a carbon footprinting process for investments in which it has majority ownership and board control, “which is expected to launch in 2022”, according to a document released yesterday.

“The carbon accounting system, for Blackstone and our portfolio, is expected to provide guidance and support for companies and assets to prepare a carbon footprint and share that information with Blackstone,” the firm said.

Blackstone’s 2021 ESG Update is a 46-page document promoting various initiatives the firm is undertaking under the broad theme of sustainability. It details the growth of Blackstone’s ESG team: the firm has added 11 people this year, a number that does not include the firm’s incoming ESG head Jean Rogers.