Push ‘double materiality’ and help banks with climate targets and strategies, BlackRock tells EU supervisors in long-awaited report

The controversial appointment of BlackRock for the research brief could result in a tightening of EU conflict of interest laws

Banks and supervisors should consider how banking activities impact social and environmental issues, as well as how such issues may impact financial performance, BlackRock has said in a long-awaited report for the EU on prudential regulation, released today.

The concept, known as …

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