EU watchdog slams Commission for appointing BlackRock as ESG finance advisor

Cecilia Keating
clock • 4 min read

European Ombudsman calls on EU to update its conflict of interest guidelines for procurement contracts following its decision to hire a business division of world's leading fossil fuel financier to develop ESG banking regulation study

The European Union's watchdog has ruled the European Commission failed to adequately consider conflicts of interest when it appointed BlackRock Investment Management, the world's second largest investor...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Policy

Government promises to 'break the link' between gas and power prices

Government promises to 'break the link' between gas and power prices

Reforms to renewables subsidy regime aims to help curb electricity costs, but some experts argue market shake-up still leaves gas playing a key role in setting power prices

James Murray
clock 21 April 2026 • 8 min read
'Double down not back down': Government to announce wave of measures to accelerate clean tech deployment

'Double down not back down': Government to announce wave of measures to accelerate clean tech deployment

Ed Miliband to unveil plans to install more renewables on the public estate, ease planning barriers for clean energy projects, and decouple gas and power prices

James Murray
clock 21 April 2026 • 6 min read
Chancellor confirms plan to cut energy bills for over 10,000 manufacturers

Chancellor confirms plan to cut energy bills for over 10,000 manufacturers

British Industrial Competitiveness Scheme to be expanded and backdated, as government ramps up efforts to protect businesses from soaring energy costs

James Murray
clock 15 April 2026 • 5 min read