Exchange-traded fund
iShares MSCI Emerging Markets ETF
Fund manager
BlackRock/iShares
Ticker EEM
Fossil fuel grade: Fossil fuel exposure of 9.62% places the fund in the range of between 9% and 100% exposure. Assigned a grade of F.Fossil fuel exposure of 9.62% places the fund in the range of between 9% and 100% exposure. Assigned a grade of F.How we track fossil fuel investments
F
$2.89 BILLION
in fossil fuel investments
115
fossil fuel stocks found
9.62%
of assets flagged
Portfolio data as of 10/29/21
Fossil fuel holdings
  For each fossil fuel category, we show the fund's exposure, if we found any. Click a category to see the breakdown of companies. When calculating a portfolio's exposure to a screen list, we only consider long investments, ignoring any shorts or liabilities.
Producers energy sector
Top 200 owners of carbon reserves
Top 200 owners of carbon reserves
Carbon Underground 200
33
holdings
$1.37B
invested
4.57%
of portfolio
Coal industry
Coal industry
Coal miners and owners of coal reserves
43
holdings
$882.2M
invested
2.93%
of portfolio
Oil/gas industry
Oil/gas industry
Oil/gas producers and refiners, oil field services and equipment companies, pipeline operators
45
holdings
$1.65B
invested
5.5%
of portfolio
Consumers utility sector
Top 30 coal-fired utilities
Top 30 coal-fired utilities
Macroclimate 30
7
holdings
$83.78M
invested
0.28%
of portfolio
Fossil-fired utilities
Fossil-fired utilities
Electric utilities powered by coal and natural gas
63
holdings
$998.76M
invested
3.32%
of portfolio
All fossil fuel companies
115 holdings
115 holdings
  • 1. Reliance Industries Ltd
    Oil/gas industry
    $360.58M
    1.2%
  • 2. Gazprom PJSC
    Carbon Underground 200Oil/gas industry
    $217.83M
    0.72%
  • 3. Vale SA
    Carbon Underground 200Coal industry
    $188.22M
    0.63%
  • 4. PJSC Lukoil
    Carbon Underground 200Oil/gas industry
    $158.07M
    0.53%
  • 5. NOVATEK PJSC DR
    Carbon Underground 200Oil/gas industry
    $87.21M
    0.29%
See all
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Business as usual is fueling climate destruction.
iShares MSCI Emerging Markets ETF $EEM is 9.62% invested in fossil fuel stocks, with $2.89 BILLION invested across 115 equity holdings
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Financial performance
Performance data provided byMorningstarFind more financial data on EEM at Morningstar.com
Current fund
EEM
iShares MSCI Emerging Markets 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: 10/31/21
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:
Lower
 10-yr returns 
-2.31% less in annualized returns
More invested in fossil fuels 
0.15% more invested
Higher carbon footprint 
101 tonnes CO2e/$1M USD higher
Less invested in Clean200 
4.84% less invested
Current fund
EEM
iShares MSCI Emerging Markets 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: 10/31/21
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:
Lower
 10-yr returns 
-2.31% less in annualized returns
More invested in fossil fuels 
0.15% more invested
Higher carbon footprint 
101 tonnes CO2e/$1M USD higher
Less invested in Clean200 
4.84% less invested
Current fund
EEM
iShares MSCI Emerging Markets 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: 10/31/21
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:
Lower
 10-yr returns 
-2.31% less in annualized returns
More invested in fossil fuels 
0.15% more invested
Higher carbon footprint 
101 tonnes CO2e/$1M USD higher
Less invested in Clean200 
4.84% less invested
Month-end trailing returns  
Annualized returns
Climate analysis
1-yr
3-yr
5-yr
10-yr
Fossil fuel %
This fund
EEM - iShares MSCI Emerging Markets ETF
16%
11%
8.63%
4.23%
9.62% 
Benchmark
ACWX - iShares MSCI ACWI ex U.S. ETF
29%
12%
9.62%
6.53%
9.47% 
Fund compared to benchmark
 
-13.79%
-0.36%
-0.99%
-2.31%
0.15%  higher
Find more financial data on EEM at Morningstar.com
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