Racial Equity Audits Gain Traction with BlackRock Seal of Approval Apr 07, 2021 The murder of George Floyd last May forced a reckoning among leading U.S. companies that claim to support racial justice and equality. For all the talk of diversity and inclusion, institutional racism is baked into American society. Now the global money management firm BlackRock is raising the bar. The company has taken the rare step of committing to a third-party racial equity audit, with the aim of exposing its own role in systematic exclusion and division. BlackRock and the Biden connection Due to its size, BlackRock plays an influential role in the corporate social responsibility and ESG investing fields. The company is estimated to have $7.8 trillion in assets on its ledgers, making it the largest money management firm in the world.