The Ombudsman welcomes the Commission’s constructive response to her suggestions for improvement following her inquiry into its decision to award a study contract to BlackRock Investment Management in an area of financial and regulatory interest to the company.

In its response, the Commission said it is considering additional guidance on conflicting interests to assist its staff dealing with public procurement procedures. The Commission also said it is reflecting on whether to propose amendments to the Financial Regulation - the EU law governing how public procurement procedures financed by the EU budget are conducted - to potentially include the obligation for tenderers to disclose conflicting interests. This is in line with what the Ombudsman has suggested. The Ombudsman will continue to monitor this area and the proposed steps for change.

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Case 853/2020/KR

The case

• Monday | 23 November 2020DECISION

  Decision of the European Ombudsman in joint inquiry 853/2020/KR on 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

• Wednesday | 08 July 2020CASE DESCRIPTION

  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

  • Wednesday | 20 May 2020CASE OPENED

    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