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How Financial Giant Morningstar Blacklists Companies That Help Israel Stop Terrorism | |||
2022-07-05 | |||
[Free Beacon] A prominent financial services firm promotes divestment from companies that help the Israeli government combat Palestinian suicide bombers, according to an independent investigation conducted by a Washington, D.C. think tank. Morningstar Inc., a financial research firm that advises investors, is accused in a new report from the Foundation for Defense of Democracies (FDD) of downgrading companies that help Israel combat terrorism, including those that work on the country’s security barrier built to stop Palestinian suicide bombers from attacking cities. Ratings produced by Morningstar and similar research firms act as a primary guide for investors and can greatly impact how a company is valued. The author of the FDD report told the Washington Free Beacon that Morningstar’s practices comprise a key pillar of the Boycott, Divestment, and Sanctions (BDS) movement—which wages economic warfare on Israel—and could force states with anti-BDS laws to cut ties with Morningstar.
The focus on Morningstar stems from its 2020 acquisition of Sustainalytics, a research firm that rates companies based on their social values. Following Morningstar’s acquisition of Sustainalytics, watchdog groups including NGO Monitor and JLens accused Morningstar of allowing its research arm to promote the BDS movement through ratings that negatively impact companies working with Israel. These claims prompted the Illinois Investment Policy Board to initiate an investigation into the company’s practices. They are also fueling calls for at least 34 other states with similar anti-BDS laws to cut ties with Morningstar.
"This investigation concludes that Morningstar’s Sustainalytics products do not recommend or encourage divestment," the report reads.
Related: Morningstar: 2022-06-04 Investment ratings firm Morningstar drops human rights tool over Israel bias Morningstar: 2021-03-20 Scientists Say They Found Cause of Rare Blood Clotting Linked to AstraZeneca Vaccine Morningstar: 2020-12-03 Jihadist Militants Slaughter Christians in Congo, Sources Say Related: Foundation for Defense of Democracies: 2021-12-12 U.S. Universities Cooperating With Institutions Tied To China's Military, Nuclear Weapons Program Foundation for Defense of Democracies: 2021-12-05 Biden Admin Waives Sanctions on Iran as Nuclear Talks Restart Foundation for Defense of Democracies: 2021-11-19 UK to label entirety of Hamas as a terrorist organization Related: Boycott, Divestment, and Sanctions: 2022-03-27 BDS? Never heard of it. Boycott, Divestment, and Sanctions: 2022-01-08 120 artists, industry officials slam boycott of Sydney festival over Israeli funding Boycott, Divestment, and Sanctions: 2022-01-06 20 acts pull out of Sydney Festival over Israeli embassy funding of dance show | |||
Posted by:Besoeker |
#1 Seriously a customer of any financial services firm playing politics, social justice advocates has to be asking. What if this company spent 100% of it's time doing what I hired them to do, how much better would my Investment Portfolio returns be? |
Posted by: NN2N1 2022-07-05 07:01 |