iShares ESG MSCI EM ETF
Fund offered by:
BlackRock/iShares
Ticker: ESGE
socially responsible
Deforestation grade: F
This grade is based on how much money the fund has invested in three key deforestation-driving sectors: commodity producers, banks and lenders, and major consumer brands.
See how we track deforestation-risk investments
F
5.9%
INVESTED IN DEFORESTATION-RISK COMPANIES
producers
AGRIBUSINESS
deforestation-risk producers and traders of palm oil, paper/pulp, rubber, timber, cattle, and soy
banks
BANKS AND LENDERS
that finance deforestation-risk agribusiness producers via lending and underwriting
consumers
MAJOR CONSUMER BRANDS
that use deforestation-risk agribusiness commodities in products
17
HOLDINGS FLAGGED
5.87%
OF ASSETS FLAGGED
This fund contains
 $176.49 MILLION invested 
in holdings flagged for deforestation risk
BlackRock, the world's largest investment firm, is among the world's top investors in the agribusiness companies responsible for destroying our tropical rainforests. To make the urgent transformations needed to end global deforestation and reign in the climate crisis, BlackRock needs to change its ways. Tell BlackRock to adopt a No Deforestation Policy!
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producers
Commodity producers
5 holdings
1.39% of assets
$41.77 MILLION invested
banks
Banks and lenders
6 holdings
2.44% of assets
$73.27 MILLION invested
consumers
Major consumer brands
6 holdings
2.04% of assets
$61.46 MILLION invested
Commodity producers
Commodity producers
5 HOLDINGS
Companies that produce and trade palm oil, paper/pulp, rubber, timber, cattle, and soy, and have a past record or a significant risk of contributing to deforestation, land grabbing, and human rights abuses. Investing in any of these companies assigns a fund a grade of F.
5 HOLDINGS
  • % of portfolio
    $ invested
  • 1. POSCO
    Palm oil producer
    0.45%0.45% of portfolio
    $13.43M$13.43M invested
    Palm oil producer
  • 2. Ptt PCL DR
    Palm oil producer
    0.4%0.4% of portfolio
    $12.04M$12.04M invested
    Palm oil producer
  • 3. LG Corp
    Palm oil producer
    0.26%0.26% of portfolio
    $7.76M$7.76M invested
    Palm oil producer
  • 4. Sime Darby Plantation Bhd
    Rubber producerPalm oil producer
    0.19%0.19% of portfolio
    $5.77M$5.77M invested
    Rubber producerPalm oil producer
  • 5. Klabin SA Unit
    Timber producerPaper/pulp producer
    0.09%0.09% of portfolio
    $2.76M$2.76M invested
    Timber producerPaper/pulp producer
Banks and lenders
Banks and lenders
6 HOLDINGS
Financial institutions directly and indirectly involved in underwriting and lending to deforestation-risk producers and traders. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).
6 HOLDINGS
  • % of portfolio
    $ invested
  • 1. Public Bank Bhd
    0.91%0.91% of portfolio
    $27.45M$27.45M invested
  • 2. Industrial And Commercial Bank Of China Ltd Class H
    0.52%0.52% of portfolio
    $15.71M$15.71M invested
  • 3. The Siam Commercial Bank PCL DR
    0.32%0.32% of portfolio
    $9.55M$9.55M invested
  • 4. Bank Rakyat Indonesia (Persero) Tbk Class B
    0.3%0.3% of portfolio
    $9M$9M invested
  • 5. Malayan Banking Bhd
    0.26%0.26% of portfolio
    $7.87M$7.87M invested
View next 1
Major consumer brands
Major consumer brands
6 HOLDINGS
Consumer goods retailers that source palm oil, paper/pulp, rubber, timber, cattle, and soy from deforestation-risk producers and traders and sell it to consumers worldwide. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).
6 HOLDINGS
  • % of portfolio
    $ invested
  • 1. Hindustan Unilever Ltd
    Palm oil major consumer brand
    0.66%0.66% of portfolio
    $19.96M$19.96M invested
    Palm oil major consumer brand
  • 2. Nestle Malaysia Bhd
    Soy major consumer brandPalm oil major consumer brand
    0.54%0.54% of portfolio
    $16.32M$16.32M invested
    Soy major consumer brandPalm oil major consumer brand
  • 3. Nestle India Ltd
    Soy major consumer brandPalm oil major consumer brand
    0.46%0.46% of portfolio
    $13.72M$13.72M invested
    Soy major consumer brandPalm oil major consumer brand
  • 4. PT Unilever Indonesia Tbk
    Palm oil major consumer brand
    0.15%0.15% of portfolio
    $4.38M$4.38M invested
    Palm oil major consumer brand
  • 5. AmoreG
    Paper/pulp major consumer brandPalm oil major consumer brand
    0.13%0.13% of portfolio
    $3.97M$3.97M invested
    Paper/pulp major consumer brandPalm oil major consumer brand
View next 1
View more info
DATA AS OF 4/30/20
Financial performance
Performance data provided byMorningstarFind more financial data on ESGE at Morningstar.com
Current fund
ESGE
iShares ESG MSCI EM ETF
Family
BlackRock/iShares
Category
Diversified Emerging Mkts
vs.
Benchmark
ACWX
iShares MSCI ACWI ex U.S. ETF
Family
iShares from BlackRock
Category
Foreign Large Blend
Fund comparison settings
Investment timeline
Performance as of: 4/30/20
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI Ex USA
ACWX - iShares MSCI ACWI ex U.S. ETF
Fund comparison results
Compared to the benchmark, this fund has:
Higher 3-yr returns 
1.41% more in annualized returns
Less invested in commodity producers 
0.03% less invested
Less invested in banks and lenders 
1.54% less invested
Less invested in major consumer brands 
7.43% less invested
Current fund
ESGE
iShares ESG MSCI EM ETF
Family
BlackRock/iShares
Category
Diversified Emerging Mkts
vs.
Benchmark
ACWX
iShares MSCI ACWI ex U.S. ETF
Family
iShares from BlackRock
Category
Foreign Large Blend
Fund comparison settings
Investment timeline
Performance as of: 4/30/20
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI Ex USA
ACWX - iShares MSCI ACWI ex U.S. ETF
Fund comparison results
Compared to the benchmark, this fund has:
Higher 3-yr returns 
1.41% more in annualized returns
Less invested in commodity producers 
0.03% less invested
Less invested in banks and lenders 
1.54% less invested
Less invested in major consumer brands 
7.43% less invested
Current fund
ESGE
iShares ESG MSCI EM ETF
Family
BlackRock/iShares
Category
Diversified Emerging Mkts
vs.
Benchmark
ACWX
iShares MSCI ACWI ex U.S. ETF
Family
iShares from BlackRock
Category
Foreign Large Blend
Fund comparison settings
Investment timeline
Performance as of: 4/30/20
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI Ex USA
ACWX - iShares MSCI ACWI ex U.S. ETF
Fund comparison results
Compared to the benchmark, this fund has:
Higher 3-yr returns 
1.41% more in annualized returns
Less invested in commodity producers 
0.03% less invested
Less invested in banks and lenders 
1.54% less invested
Less invested in major consumer brands 
7.43% less invested
Month-end trailing returns  
Annualized returns
Deforestation analysis
1-yr
3-yr
5-yr
10-yr
Commodity producers
This fund
ESGE - iShares ESG MSCI EM ETF
-11.88%
0.96%
/
/
1.39% 
Benchmark
ACWX - iShares MSCI ACWI ex U.S. ETF
-12.06%
-0.46%
-0.34%
2.6%
1.42% 
Fund compared to benchmark
 
0.19%
1.41%
/
/
0.03%  lower
Find more financial data on ESGE at Morningstar.com
Take Action
Call on U.S. investment firms to implement Deforestation and Land Grab-Free investment policies.
Find top-graded funds that avoid deforestation-risk investments.
Use Fossil Free Funds to check this fund's fossil fuel investments and carbon footprint.