BlackRock Appoints Hill as Global Head of RE Sustainability

BlackRock has appointed Caroline Hill as its new Global Head of Real Estate Sustainability, marking a strategic move to deepen the firm’s commitment to ESG integration across its growing property investments.

Based in London, Hill will be responsible for advancing BlackRock’s global real estate decarbonisation efforts, enhancing ESG performance across acquisitions, asset management, and development. She will also help guide strategy at the portfolio level, including engagement with tenants, regulators, and data providers.

Hill joins from Blackstone, where she led sustainability for its European real estate business. Her two-decade career includes senior ESG and real estate roles at Lloyds Banking Group, Landsec, and Whitbread, as well as earlier consulting work at PwC.

Her appointment comes as BlackRock continues to scale its real estate platform across public and private markets, including logistics, residential, and office assets. The firm is increasingly integrating ESG criteria into underwriting, risk analysis, and performance metrics—responding to investor demand for sustainable and resilient property portfolios.

BlackRock manages over $65 billion in real estate assets globally and is actively expanding its exposure to energy-efficient, net-zero aligned buildings across the US, Europe, and Asia-Pacific.

This move highlights BlackRock’s intention to play a leading role in the decarbonisation of the built environment, aligning with broader corporate goals to achieve net zero emissions across its investments by 2050.