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Investment Firm Announces Recommendations for Preventing Corporate Anti-Israel Bias
Illustrative Anti-Israel event. Photo: Wikimedia Commons.
Morningstar, Inc., a Chicago based investment firm managing over $250 billion in assets, has issued a report including several recommendations for reducing anti-Israel bias in the environmental, social, and governance (ESG) ratings its Sustainalytics subsidiary assigns to corporations.
For several years, Sustainalytics gave poor ESG ratings to Israel affiliated companies, a practice that led Jewish civil rights groups and lawmakers to suspect that the company was violating state laws against engaging in the boycott, divestment, and sanctions (BDS) movement, which aims to isolate and weaken the Jewish state.
The firm denied the allegations, but a review of the its ratings by JLens, a leading Jewish investor network, found that Sustainalytics created “BDS blacklists” and used in its internal reports “politicized anti-Israel language” to describe Israel. JLens’ work, which was the first to raise alarms about the issue, led to Morningstar’s cracking down on the practices and adopting policies for ensuring that Sustainalytics does not become a BDS collaborator.
Released on Jan. 31, Morningstar’s new report builds on that commitment, outlining several policy changes, including: eliminating a designation which identified companies as being involved in “occupied territories/disputed region,” quashing reliance on disinformative media reports aimed at distorting a company’s ESG rating, and appointing legal experts to examine matters relevant to international human rights law.
“We welcome Morningstar’s commitment to eliminate anti-Israel bias in Sustainalytics research products,” Anti-Defamation League (ADL) CEO Jonathan Greenblatt said in a statement on Wednesday. “We look forward to ongoing engagement with Morningstar to ensure the expert recommendations are fully and effectively implemented.”
The ADL took a leading role in combating anti-Israel bias in ESG ratings, incorporating JLens in Nov. 2022. ADL noted at the time that BDS activists target firms managing ESG rated funds, which attracted over $500 billion in investments in 2021, a 55% increase from the previous year, according to JP Morgan. During 2022’s proxy season, a time when publicly traded companies hold annual meetings to assess performance and weigh suggestions from shareholders, Israel was named in eight of 20 resolutions targeting foreign governments, “making the country only second to China.”
Morningstar’s recommendations will shield ESG from political bias and increase its reliability, Louis D. Brandeis Center for Human Rights Under Law founder and chairman Kenneth L. Marcus explained in a statement applauding the report.
“Anti-Israel external forces are doing everything they can to infiltrate campuses, boardrooms, the [United Nations]., sports leagues, and the securities industry,” he said. “We commend Morningstar for engaging with us, examining their ESG product, and committing to make the changes necessary to ensure that their rating system is apolitical, objective, and honest. We believe that implementing the experts’ report is critical to achieving this goal.”
Ari Hoffnung, managing director of JLens, added that “investor are entitled to research that is both objective and devoid of any anti-Israel bias.”
Last July, Morningstar removed 109 negative “controversy ratings” that Sustainalytics subsidiary had given to companies operating in Israel. The firm has also stopped referring to the West Bank and East Jerusalem as ‘Occupied Palestinian Territory’ or ‘occupied territory” and committed to educating its employees about antisemitism and amassing information about the Israeli-Palestinian conflict from “independent, recognized experts.”
Morningstar, however, has repeatedly denied that it ever supported BDS. In June 2022, Morningstar CEO Kunal Kapoor issued a statement arguing that an external review of Sustainalytics found no evidence that it “encouraged divestment from Israel” but acknowledged that at least one of its departments singled out businesses “linked to the Israeli-Palestinian conflict” and “sometimes used inflammatory language and failed to provide sourcing attribution clearly and consistently.”
Follow Dion J. Pierre @DionJPierre.
The post Investment Firm Announces Recommendations for Preventing Corporate Anti-Israel Bias first appeared on Algemeiner.com.
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Trump Eyes Bringing Azerbaijan, Central Asian Nations into Abraham Accords, Sources Say
US President Donald Trump points a finger as he delivers remarks in the Roosevelt Room at the White House in Washington, DC, US, July 31, 2025. Photo: Kent Nishimura via Reuters Connect
President Donald Trump’s administration is actively discussing with Azerbaijan the possibility of bringing that nation and some Central Asian allies into the Abraham Accords, hoping to deepen their existing ties with Israel, according to five sources with knowledge of the matter.
As part of the Abraham Accords, inked in 2020 and 2021 during Trump’s first term in office, four Muslim-majority countries agreed to normalize diplomatic relations with Israel after US mediation.
Azerbaijan and every country in Central Asia, by contrast, already have longstanding relations with Israel, meaning that an expansion of the accords to include them would largely be symbolic, focusing on strengthening ties in areas like trade and military cooperation, said the sources, who requested anonymity to discuss private conversations.
Such an expansion would reflect Trump’s openness to pacts that are less ambitious than his administration’s goal to convince regional heavyweight Saudi Arabia to restore ties with Israel while war rages in Gaza.
The kingdom has repeatedly said it would not recognize Israel without steps towards Israeli recognition of a Palestinian state.
Another key sticking point is Azerbaijan’s conflict with its neighbor Armenia, since the Trump administration considers a peace deal between the two Caucasus nations as a precondition to join the Abraham Accords, three sources said.
While Trump officials have publicly floated several potential entrants into the accords, the talks centered on Azerbaijan are among the most structured and serious, the sources said. Two of the sources argued a deal could be reached within months or even weeks.
Trump’s special envoy for peace missions, Steve Witkoff, traveled to Azerbaijan’s capital, Baku, in March to meet with Azerbaijani President Ilham Aliyev. Aryeh Lightstone, a key Witkoff aide, met Aliyev later in the spring in part to discuss the Abraham Accords, three of the sources said.
As part of the discussions, Azerbaijani officials have contacted officials in Central Asian nations, including in nearby Kazakhstan, to gauge their interest in a broader Abraham Accords expansion, those sources said. It was not clear which other countries in Central Asia – which includes Kazakhstan, Uzbekistan, Turkmenistan, Tajikistan and Kyrgyzstan – were contacted.
The State Department, asked for comment, did not discuss specific countries, but said expanding the accords has been one of the key objectives of Trump. “We are working to get more countries to join,” said a US official.
The Azerbaijani government declined to comment.
The White House, the Israeli foreign ministry and the Kazakhstani embassy in Washington did not respond to requests for comment.
Any new accords would not modify the previous Abraham Accords deals signed by Israel.
OBSTACLES REMAIN
The original Abraham Accords – inked between Israel and the United Arab Emirates, Bahrain, Morocco and Sudan – were centered on restoration of ties. The second round of expansion appears to be morphing into a broader mechanism designed to expand US and Israeli soft power.
Wedged between Russia to the north and Iran to the south, Azerbaijan occupies a critical link in trade flows between Central Asia and the West. The Caucasus and Central Asia are also rich in natural resources, including oil and gas, prompting various major powers to compete for influence in the region.
Expanding the accords to nations that already have diplomatic relations with Israel may also be a means of delivering symbolic wins to a president who is known to talk up even relatively small victories.
Two sources described the discussions involving Central Asia as embryonic – but the discussions with Azerbaijan as relatively advanced.
But challenges remain and there is no guarantee a deal will be reached, particularly with slow progress in talks between Armenia and Azerbaijan.
The two countries, which both won independence from the Soviet Union in 1991, have been at loggerheads since the late 1980s when Nagorno-Karabakh – an Azerbaijani region that had a mostly ethnic-Armenian population – broke away from Azerbaijan with support from Armenia.
In 2023, Azerbaijan retook Karabakh, prompting about 100,000 ethnic Armenians to flee to Armenia. Both sides have since said they want to sign a treaty on a formal end to the conflict.
Primarily Christian Armenia and the US have close ties, and the Trump administration is wary of taking action that could upset authorities in Yerevan.
Still, US officials, including Secretary of State Marco Rubio and Trump himself, have argued that a peace deal between those two nations is near.
“Armenia and Azerbaijan, we worked magic there,” Trump told reporters earlier in July. “And it’s pretty close.”
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Trump Reaffirms Support for Morocco’s Sovereignty Over Western Sahara
A Polisario fighter sits on a rock at a forward base, on the outskirts of Tifariti, Western Sahara, Sept. 9, 2016. Photo: Reuters / Zohra Bensemra / File.
US President Donald Trump has reaffirmed support for Morocco’s sovereignty over Western Sahara, saying a Moroccan autonomy plan for the territory was the sole solution to the disputed region, state news agency MAP said on Saturday.
The long-frozen conflict pits Morocco, which considers the territory as its own, against the Algeria-backed Polisario Front, which seeks an independent state there.
Trump at the end of his first term in office recognized the Moroccan claims to Western Sahara, which has phosphate reserves and rich fishing grounds, as part of a deal under which Morocco agreed to normalize its relations with Israel.
His secretary of state, Marco Rubio, made clear in April that support for Morocco on the issue remained US policy, but these were Trump’s first quoted remarks on the dispute during his second term.
“I also reiterate that the United States recognizes Moroccan sovereignty over Western Sahara and supports Morocco’s serious, credible and realistic autonomy proposal as the only basis for a just and lasting solution to the dispute,” MAP quoted Trump as saying in a message to Morocco’s King Mohammed VI.
“Together we are advancing shared priorities for peace and security in the region, including by building on the Abraham Accords, combating terrorism and expanding commercial cooperation,” Trump said.
As part of the Abraham Accords signed during Trump’s first term, four Muslim-majority countries agreed to normalize diplomatic relations with Israel after US mediation.
In June this year, Britain became the third permanent member of the U.N. Security Council to back an autonomy plan under Moroccan sovereignty for the territory after the U.S. and France.
Algeria, which has recognized the self-declared Sahrawi Republic, has refused to take part in roundtables convened by the U.N. envoy to Western Sahara and insists on holding a referendum with independence as an option.
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Israel Says Its Missions in UAE Remain Open Despite Reported Security Threats
President Isaac Herzog meets on Dec. 5, 2022, with UAE President Sheikh Mohamed bin Zayed Al Nahyan in Abu Dhabi. Photo: GPO/Amos Ben Gershom
i24 News – Israel’s Foreign Ministry said on Friday that its missions to the United Arab Emirates are open on Friday and representatives continue to operate at the embassy in Abu Dhabi and the consulate in Dubai in cooperation with local authorities.
This includes, the statement underlined, ensuring the protection of Israeli diplomats.
On Thursday, reports appeared in Israeli media that Israel was evacuating most of its diplomatic staff in the UAE after the National Security Council heightened its travel warning for Israelis staying in the Gulf country for fear of an Iranian or Iran-sponsored attacks.
“We are emphasizing this travel warning given our understanding that terrorist organizations (the Iranians, Hamas, Hezbollah and Global Jihad) are increasing their efforts to harm Israel,” the NSC said in a statement.
After signing the Abraham Accords with Israel in 2020, the UAE has been among the closest regional allies of the Jewish state.
Israel is concerned about its citizens and diplomats being targeted in retaliatory attacks following its 12-day war against Iran last month.
Earlier this year, the UAE sentenced three citizens of Uzbekistan to death for last year’s murder of Israeli-Moldovan rabbi Zvi Cohen.