Exchange-traded fund
iShares MSCI ACWI Low Carbon Target ETF
TickerCRBNsocially responsible
Fund manager
BlackRock/iShares
Deforestation grade: Fund is invested in deforestation-risk agricultural commodity producer/traders, below the threshold of 0.5%. Assigned a grade of C.
How we track deforestation-risk investments
C
13.69%
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
97
holdings flagged
14%
of assets flagged
This fund contains
 $121.6 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
2 holdings
0.13% of assets
$1.19 MILLION invested
banks
Banks and lenders
32 holdings
3.26% of assets
$28.97 MILLION invested
consumers
Major consumer brands
63 holdings
10% of assets
$91.44 MILLION invested
Commodity producers
Commodity producers
2 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 C if total producer exposure is below the threshold of 0.5%; a grade of D if below 1.5%; and a grade of F if above 1.5%.
2 HOLDINGS
  • % of portfolio
    $ invested
  • 1. Neste Corp
    Soy producerPalm oil producer
    0.12%0.12% of portfolio
    $1.06M$1.06M invested
    Soy producerPalm oil producer
  • 2. Suzano SA
    Timber producerPaper/pulp producer
    0.01%0.01% of portfolio
    $122,976$122,976 invested
    Timber producerPaper/pulp producer
Banks and lenders
Banks and lenders
32 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).
32 HOLDINGS
  • % of portfolio
    $ invested
  • 1. JPMorgan Chase & Co
    0.65%0.65% of portfolio
    $5.79M$5.79M invested
  • 2. Bank of America Corp
    0.33%0.33% of portfolio
    $2.93M$2.93M invested
  • 3. HSBC Holdings PLC
    0.23%0.23% of portfolio
    $2.08M$2.08M invested
  • 4. Morgan Stanley
    0.2%0.2% of portfolio
    $1.74M$1.74M invested
  • 5. Commonwealth Bank of Australia
    0.18%0.18% of portfolio
    $1.57M$1.57M invested
View next 5
Major consumer brands
Major consumer brands
63 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).
63 HOLDINGS
  • % of portfolio
    $ invested
  • 1. Amazon.com Inc
    Soy major consumer brandCattle major consumer brandTimber major consumer brandRubber major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
    1.59%1.59% of portfolio
    $14.14M$14.14M invested
    Soy major consumer brandCattle major consumer brandTimber major consumer brandRubber major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
  • 2. Johnson & Johnson
    Paper/pulp major consumer brandPalm oil major consumer brand
    0.73%0.73% of portfolio
    $6.49M$6.49M invested
    Paper/pulp major consumer brandPalm oil major consumer brand
  • 3. Procter & Gamble Co
    Paper/pulp major consumer brandPalm oil major consumer brand
    0.65%0.65% of portfolio
    $5.74M$5.74M invested
    Paper/pulp major consumer brandPalm oil major consumer brand
  • 4. Nestle SA
    Soy major consumer brandCattle major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
    0.54%0.54% of portfolio
    $4.77M$4.77M invested
    Soy major consumer brandCattle major consumer brandPaper/pulp major consumer brandPalm oil major consumer brand
  • 5. The Home Depot Inc
    Cattle major consumer brandTimber major consumer brandRubber major consumer brandPaper/pulp major consumer brand
    0.51%0.51% of portfolio
    $4.5M$4.5M invested
    Cattle major consumer brandTimber major consumer brandRubber major consumer brandPaper/pulp major consumer brand
View next 5
View more info
DATA AS OF 4/28/23
Financial performance
Performance data provided byMorningstarFind more financial data on CRBN at Morningstar.com
Current fund
CRBN
iShares MSCI ACWI Low Carbon Target ETF
Family
BlackRock/iShares
Category
Global Large-Stock Blend
vs.
Benchmark
ACWI
iShares MSCI ACWI ETF
Family
iShares from BlackRock
Category
Global Large-Stock Blend
Fund comparison settings
Investment timeline
Performance as of: 4/30/23
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI
ACWI - iShares MSCI ACWI ETF
Fund comparison results
Compared to the benchmark, this fund has:
Higher 5-yr returns 
0.1% more in annualized returns
Less invested in commodity producers 
0.61% less invested
More invested in banks and lenders 
0.17% more invested
Less invested in major consumer brands 
0.89% less invested
Current fund
CRBN
iShares MSCI ACWI Low Carbon Target ETF
Family
BlackRock/iShares
Category
Global Large-Stock Blend
vs.
Benchmark
ACWI
iShares MSCI ACWI ETF
Family
iShares from BlackRock
Category
Global Large-Stock Blend
Fund comparison settings
Investment timeline
Performance as of: 4/30/23
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI
ACWI - iShares MSCI ACWI ETF
Fund comparison results
Compared to the benchmark, this fund has:
Higher 5-yr returns 
0.1% more in annualized returns
Less invested in commodity producers 
0.61% less invested
More invested in banks and lenders 
0.17% more invested
Less invested in major consumer brands 
0.89% less invested
Current fund
CRBN
iShares MSCI ACWI Low Carbon Target ETF
Family
BlackRock/iShares
Category
Global Large-Stock Blend
vs.
Benchmark
ACWI
iShares MSCI ACWI ETF
Family
iShares from BlackRock
Category
Global Large-Stock Blend
Fund comparison settings
Investment timeline
Performance as of: 4/30/23
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI
ACWI - iShares MSCI ACWI ETF
Fund comparison results
Compared to the benchmark, this fund has:
Higher 5-yr returns 
0.1% more in annualized returns
Less invested in commodity producers 
0.61% less invested
More invested in banks and lenders 
0.17% more invested
Less invested in major consumer brands 
0.89% less invested
Month-end trailing returns  
Annualized returns
Deforestation analysis
1-yr
3-yr
5-yr
10-yr
Commodity producers
This fund
CRBN - iShares MSCI ACWI Low Carbon Target ETF
2.08%
12%
7.25%
/
0.13% 
Benchmark
ACWI - iShares MSCI ACWI ETF
2.61%
12%
7.15%
8.1%
0.74% 
Fund compared to benchmark
 
-0.53%
-0.23%
0.1%
/
0.61%  lower
Find more financial data on CRBN 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.
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