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The European Commission's decision to award a contract to BlackRock Investment Management to carry out a study on integrating environmental, social and governance (ESG) objectives into EU banking rules

The complaint concerns the European Commission's decision to award a contract to BlackRock Investment Management to carry out a study on integrating environmental, social and governance risks and objectives into EU banking rules ('the prudential framework'). The complainants wrote to the Commission to raise concerns with the decision, including related to the risk of conflicts of interest.

The Ombudsman opened an inquiry, and sought to inspect the Commission's file on the contract.