The UK-domiciled funds will invest in equities which aim to reduce global carbon emissions by 30 per cent, while aligning to their benchmarks.
Blackrock said it was aiming to address the gap in the market for sustainable transition-aligned indexes.
It worked with Morningstar to design the indices, which use 10 “exclusionary screens” to ensure they do not expose the funds to “controversial activities”.
These include companies involved in producing alcohol, gambling and adult entertainment, as well as those which have a severe score on Morningstar’s “controversy score”, which is maintained by ratings agency Sustainalytics.
Manuela Sperandeo, head of sustainable indexing EMEA, for Blackrock, said investors across the country were turning to solutions that enable them to incorporate ESG considerations into their standard portfolios.
“These new sustainable, core index building blocks allow investors to build low-cost, global equity portfolios with the flexibility to adjust exposures according to their asset allocation needs.”
New fund prices
Ongoing charges fee
iShares Continental European Equity ESG Enhanced Index Fund (UK)
Morningstar Developed Europe ex-UK ESG Enhanced Index
iShares UK Equity ESG Enhanced Index Fund (UK)
Morningstar UK ESG Enhanced Index
iShares Japan Equity ESG Enhanced Index Fund (UK)
Morningstar Japan ESG Enhanced Index
iShares US Equity ESG Enhanced Index Fund (UK)
Morningstar US Markets ESG Enhanced Index
iShares Pacific ex Japan Equity ESG Enhanced Index Fund (UK)
Morningstar Developed Markets Asia Pacific ex-Japan ESG Enhanced Index
iShares Emerging Markets Equity ESG Enhanced Index Fund (UK)
Morningstar Emerging Markets ESG Enhanced Index
Blackrock’s sustainable ETF and index fund assets under management currently sit at $246bn (£181bn).
The company expects the current levels of indexes within portfolios (which sits at 10 to 20 per cent presently) to double over the next three years, allowing investors access to low-cost strategies.