What is the current market capitalization of BlackRock? 
nvesting.  We launched two low-carbon transition readiness ETFs last week, raising a total of nearly $2 billion, representing the largest ETF launch in U.S. history. Traditionally, climate products have been backward-looking, really focused on reported greenhouse gas emissions.
Using advanced data and analytics and research driven by insights, BlackRock developed a forward-looking active climate investment strategy in a transparent active ETF vehicle.  These active ETFs are the first of their kind and a great example of how BlackRock is innovating to expand access to sustainable strategies for more investors worldwide.  In total, BlackRock manages $353 billion in sustainable investments, including cash, and we believe this category will grow to more than $1 trillion by 2030. Sustainable investing presents opportunities for BlackRock, not only in terms of AUM growth, but in the demand for industry-leading technology and data. As sustainability becomes a critical building block in portfolios, investors need a clear understanding of how sustainable-related risk and opportunities impact their portfolio.  One of the newest opportunities for BlackRock is powering portfolios to a new sustainable standard with Aladdin because climate risk is investment risk. Our ambition to make Aladdin climb as the standard for assessing this risk with investors' portfolio and helping clients navigate and capture investment opportunity presented by the transition to a net zero economy.  Investments we have made in Aladdin over the years is to serve more clients with better risk analytics, end-to-end operating systems, and the benefit of scale drove a 12% year-over-year growth in technology services revenues.  We consistently hear from clients that poor quality or availability of ESG data and analytics is the biggest barrier to deeper and broader implementation of sustainable investing.
That is why we're evolving Aladdin's sustainability to help clients better assess their exposures and their positions across all our portfolios.  Our minority investment in Clarity AI will integrate analytics and data covering 30,000 companies and nearly 200 companies within Aladdin. And our partnership with RepRisk will give clients the ability to identify ESG risk exposures in private investments and create a holistic view of risk across their portfolios.  Advancing toward a net zero economy by 2050 will require more than better data and analytics. It will require transformational innovation in carbon reduction and elimination -- eliminating technologies. BlackRock has partnered with Temasek to establish decarbonization partners to invest in innovative decarbonization solutions to help accelerate global efforts.
This initiative will provide clients with an opportunity to participate in a net zero transition by complementing BlackRock's existing renewable power and energy infrastructure investment platform.  In line with our strategic focus on technology and sustainability, we nominated Hans Vestberg, chairman and CEO of Verizon, to our board of directors for his deep experience in international markets, technology and sustainability.  At the same time, I want to thank Mathis Cabiallavetta for his passion and his dedication to BlackRock and its shareholders over the last 13 years. He will not stand for reelection at BlackRock's annual meeting next month, and he will be missed by our entire board and by me and the entire leadership team at BlackRock.  Our results and the speed of our forward momentum underscores the importance of BlackRock's fiduciary approach and culture. I truly believe our culture is what sets BlackRock apart. It drives our performance.
It pushes us to innovate. It pushes us to stay ahead of our clients' needs. And it guides our decisions, and it guides our behaviors.  Critical to our culture is building an environment of inclusivity, belonging, trust and creating a safe environment. More than ever before, BlackRock's leadership team and I are focused on instilling this culture with all of our 16,700 employees around the world and evolving it 
nvesting.  We launched two low-carbon transition readiness ETFs last week, raising a total of nearly $2 billion, representing the largest ETF launch in U.S. history. Traditionally, climate products have been backward-looking, really focused on reported greenhouse gas emissions.
Using advanced data and analytics and research driven by insights, BlackRock developed a forward-looking active climate investment strategy in a transparent active ETF vehicle.  These active ETFs are the first of their kind and a great example of how BlackRock is innovating to expand access to sustainable strategies for more investors worldwide.  In total, BlackRock manages $353 billion in sustainable investments, including cash, and we believe this category will grow to more than $1 trillion by 2030. Sustainable investing presents opportunities for BlackRock, not only in terms of AUM growth, but in the demand for industry-leading technology and data. As sustainability becomes a critical building block in portfolios, investors need a clear understanding of how sustainable-related risk and opportunities impact their portfolio.  One of the newest opportunities for BlackRock is powering portfolios to a new sustainable standard with Aladdin because climate risk is investment risk. Our ambition to make Aladdin climb as the standard for assessing this risk with investors' portfolio and helping clients navigate and capture investment opportunity presented by the transition to a net zero economy.  Investments we have made in Aladdin over the years is to serve more clients with better risk analytics, end-to-end operating systems, and the benefit of scale drove a 12% year-over-year growth in technology services revenues.  We consistently hear from clients that poor quality or availability of ESG data and analytics is the biggest barrier to deeper and broader implementation of sustainable investing.
That is why we're evolving Aladdin's sustainability to help clients better assess their exposures and their positions across all our portfolios.  Our minority investment in Clarity AI will integrate analytics and data covering 30,000 companies and nearly 200 companies within Aladdin. And our partnership with RepRisk will give clients the ability to identify ESG risk exposures in private investments and create a holistic view of risk across their portfolios.  Advancing toward a net zero economy by 2050 will require more than better data and analytics. It will require transformational innovation in carbon reduction and elimination -- eliminating technologies. BlackRock has partnered with Temasek to establish decarbonization partners to invest in innovative decarbonization solutions to help accelerate global efforts.
 This initiative will provide clients with an opportunity to participate in a net zero transition by complementing BlackRock's existing renewable power and energy infrastructure investment platform.  In line with our strategic focus on technology and sustainability, we nominated Hans Vestberg, chairman and CEO of Verizon, to our board of directors for his deep experience in international markets, technology and sustainability.  At the same time, I want to thank Mathis Cabiallavetta for his passion and his dedication to BlackRock and its shareholders over the last 13 years. He will not stand for reelection at BlackRock's annual meeting next month, and he will be missed by our entire board and by me and the entire leadership team at BlackRock.  Our results and the speed of our forward momentum underscores the importance of BlackRock's fiduciary approach and culture. I truly believe our culture is what sets BlackRock apart. It drives our performance.
It pushes us to innovate. It pushes us to stay ahead of our clients' needs. And it guides our decisions, and it guides our behaviors.  Critical to our culture is building an environment of inclusivity, belonging, trust and creating a safe environment. More than ever before, BlackRock's leadership team and I are focused on instilling this culture with all of our 16,700 employees around the world and evolving it 