EU’s ESG contract with BlackRock ruled improper due to links with fossil fuel industry and banks

The Commission had previously dismissed complaints by MEPs and civil society groups

The appointment of BlackRock to advise the European Commission (EC) on ESG banking regulations did not sufficiently consider conflicts of interest on the fund giant’s behalf, the European Ombudsman has ruled.

The Ombudsman’s decision is in response to a complaint filed by a group …

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