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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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‘Child Killers’: Jewish Activists Doused With Red Paint in Germany While Hanging Up Hostage Posters
i24 News – Masked attackers doused with red paint and shoved German Jewish activists hanging up posters of the Israeli hostages held in Gaza in Frankfurt on Friday. The assailants shouted “child killers” and “free Palestine.”
Sacha Stawski, a German-Jewish activist who heads the media watchdog NGO Honestly Concerned, who’s spent decades combating antisemitism, spoke to local media about the incident.
“We attached posters with photos of the 50 hostages still in Hamas’s captivity to a fence in the Frankfurt Grüneburgpark,” Stawski told the Bild outlet. “We were branded ‘child killers,’ and I constantly heard ‘Free Palestine,’ and ‘genocide’ calls.”
The paint also poured over my glasses, making it difficult for me to identify the perpetrator,” he added.
Germany’s ambassador to Israel condemned the incident.
The small pro-hostage rally took place near an anarchist encampment housing several anti-Israel organizations. Stawski said this was announced to the camp organizers.
Meanwhile a German government spokesman said on Friday that Berlin currently has no plans to recognize a Palestinian state because that would undermine any efforts to reach a negotiated solution with Israel.
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Hegseth Fires Head of Intel Agency Whose Assessment of Damage from Iran Strikes Angered Trump
US Defense Secretary Pete Hegseth attends a Senate Appropriations Committee hearing on US President Donald Trump’s budget request for the Department of Defense, on Capitol Hill in Washington, DC, US, June 11, 2025. Photo: REUTERS/Elizabeth Frantz
i24 News – US Defense Secretary Pete Hegseth fired a general whose agency’s initial intelligence assessment of damage to Iranian nuclear sites from US strikes sparked the ire of President Donald Trump.
Lt. Gen. Jeffrey Kruse will no longer serve as head of the US Defense Intelligence Agency, US media reported, citing sources speaking on condition of anonymity.
The sacking is the latest upheaval in military leadership and in the country’s intelligence agencies, and comes a few months after details of the preliminary assessment leaked to the media.
The assessment found that Iran’s nuclear program has been set back only a few months by the bombings, contradicting assertions from Trump and from Prime Minister Benjamin Netanyahu.
The Republican president, who had pronounced the Iranian program “completely and fully obliterated,” rejected the report.
n June, Israel launched a devastating bombing campaign against Iran’s nuclear program, missile production and military leadership, saying the operation was necessary to prevent the mullah regime from realizing its oft-stated plan to annihilate the Jewish state.
During the ensuing 12-day war, the US joined in, striking key Iranian nuclear sites.
Following the June strikes on three Iranian nuclear sites, Hegseth lambasted the press for focusing on the preliminary assessment but did not offer any direct evidence of the destruction of the facilities.
“You want to call it destroyed, you want to call it defeated, you want to call it obliterated — choose your word. This was a historically successful attack,” Hegseth said at a news conference at the time.
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Amid Rising Antisemitism, American Jews Make Aliyah to Israel Seeking Safety, Community, Impact
Olim gather at JFK Airport in New York, preparing to board Nefesh B’Nefesh’s 65th charter flight to Israel. Photo: The Algemeiner
NEW YORK/TEL AVIV — Confronted with rising antisemitism and unease in the United States, a growing number of American Jews are choosing to make aliyah, embracing the risks of war in the Middle East for the chance to build new lives and foster meaningful communities.
On Wednesday, 225 new olim arrived in Tel Aviv on the first charter aliyah flight since the Hamas-led invasion of and massacre across southern Israel on Oct. 7, 2023.
Aliyah refers to the process of Jews immigrating to Israel, and olim refers to those who make this journey.
Nefesh B’Nefesh (NBN) — a nonprofit that promotes and facilitates aliyah from the US and Canada — brought its 65th charter flight from New York, which The Algemeiner joined.
Founded in 2002, NBN helps olim become fully integrated members of Israeli society, simplifying the aliyah process and providing essential resources and guidance.
In partnership with Israel’s Ministry of Aliyah and Integration, the Jewish Agency for Israel, Keren Kayemeth, and the Jewish National Fund, NBN has helped nearly 100,000 olim build thriving new lives in Israel.
Shawn Fink is one of the 225 people who embarked on the life-changing journey earlier this week, leaving Cleveland, Ohio, with his wife, Liz, and their son.
For Fink and his family, making aliyah was driven not only by their love for Israel and desire to build a new community, but also by the escalating threats and uncertainties facing Jewish communities abroad since the outbreak of the war in Gaza.
“Mostly, we were frustrated with the direction the United States is taking, and the rise in antisemitism was a major concern for us,” Fink told The Algemeiner.
Like many countries around the world, the US has seen an alarming rise in antisemitic incidents and anti-Israel sentiment since the Oct. 7 atrocities.
According to the latest data issued by the FBI, hate crimes perpetrated against Jews increased by 5.8 percent in 2024 to 1,938, the largest total recorded in over 30 years of the federal agency’s counting them.
A striking 69 percent of all religion-based hate crimes that were reported to the FBI in 2024 targeted Jews, who constitute just 2 percent of the US population, with 2,041 out of 2,942 total such incidents being antisemitic in nature. Muslims were targeted the next highest amount as the victims of 256 offenses, or about 9 percent of the total.
Fink explained that the increasing costs of living a Jewish life in the US — from education to kosher food — weighed heavily on his family’s decision to make the move to Israel.
While they first considered making aliyah five years ago, Fink and his family had to put the plans on hold for personal reasons — returning to the idea only in the past few months when the timing finally worked in their favor.
“We started planning it seriously in November and began the entire process with Nefesh B’Nefesh,” Fink told The Algemeiner. “It’s been a nonstop whirlwind ever since.”
For them, the current war did not stop their plans, but it did influence the cities they explored for their new home.
“The war really reinforced for us the importance of supporting Israel and our community,” Fink said. “By making aliyah, we felt we could do even more to help.”
Even though it is difficult to leave behind family and close friends, they look forward to reconnecting with friends in Israel, making new connections, and building a vibrant new community.
“Making aliyah in less than six months has been a whirlwind. I’d encourage anyone considering it to give themselves at least twice as much time, double the budget, and be prepared for plenty of unexpected starts and stops along the way,” Fink told The Algemeiner.
Nefesh B’Nefesh provides assistance to families throughout their entire aliyah journey, offering guidance before relocating and continued support once in Israel.
The Israeli government also complements these efforts with resources and financial incentives to help newcomers settle and ease their transition into their new lives.
“Once the ticket is finally in your hand and you’re waiting to board the plane, you realize that all the challenges and obstacles along the way were worth it,” Fink said.
Veronica Zaragovia was also one of the 225 olim who joined the flight earlier this week.
Similarly to Fink and his family, Zaragovia decided to make aliyah, driven not just by her love for Israel, but also by the increasing challenges of being Jewish abroad and the hope of making a meaningful impact by serving her community.
From Florida, she embarked on the journey alone, excited for all the new opportunities and possibilities that awaited her in her new home.
“I want to take pride in being Jewish and in Israel — that’s why I’m making aliyah,” she told The Algemeiner, reflecting on the move she has been planning for the past two years.
“It’s a huge concern for me that in some places in the US, I can’t — or maybe shouldn’t — wear my Star of David necklace,” she said. “I don’t feel that Jews can be fully safe anywhere in the country. The rise in antisemitism has been truly shocking and deeply concerning.”
Zaragovia, who worked as a journalist in the US, said her love for storytelling and uncovering the truth played a key role in her decision to make this move.
“After Oct. 7, I felt that the way my colleagues and other journalists were covering Israel was wrong and unfair,” she said.
“As someone whose career is built on facts and truth, I didn’t see that reflected in their reporting. That’s why I decided to make a difference by being there myself,” she continued.
Rather than deterring her decision to make a change, Zaragovia explained that the current war only reinforced it.
“It became clear that I needed to go, be there with my people, and make a difference through my work,” she said. “I couldn’t have done this without Nefesh B’Nefesh. They’ve been incredible, guiding me every step of the way from start to finish.”