While the European Commission’s decision in March 2020 to award a contract to the American asset manager BlackRock to conduct a study on the integration of environmental, social, and governance (ESG) factors in the supervision of banks had already caused controversy (see EUROPE B12466A28), the results of the study, published on Friday 27 August, are just as controversial and have already caused civil society to react.
The 273-page study released almost 5 months after it was submitted...