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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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‘Pro-Hamas Terror Ties’: US Sen. Tom Cotton Warns of CAIR’s Push Into Philadelphia Schools

CAIR officials give press conference on the Israel-Hamas war

CAIR officials give press conference on the Israel-Hamas war. Photo: Kyle Mazza / SOPA Images/Sipa USA via Reuters Connect

US Sen. Tom Cotton (R-AR) has warned in a letter to the Department of Education that the Council on American-Islamic Relations (CAIR), a nonprofit advocacy group long accused of having ties to terrorist organizations including Hamas, is seeking to infiltrate the city of Philadelphia’s public education system.

The letter was dated Tuesday, about two weeks after the Philadelphia chapter of CAIR announced that it was partnering with local schools.

“CAIR-Philadelphia is partnering with schools this year to make sure every student feels seen, safe, and supported,” the group said in an Instagram post. “Invite the CAIR Philly staff for a training to educators and staff on cultural competency, anti-bullying, and inclusive practices.”

“The CAIR Philadelphia staff works not only with staff and administration, but also directly with students!” the post continued. “We can visit classrooms as guest facilitators to lead student-centered discussions.”

Given CAIR’s controversial history, the federal government should act to prevent such a program from becoming reality, according to Cotton.

“It is well documented that CAIR has deep ties to pro-Hamas terrorist organizations and publicly supports Hamas’s terrorist activities,” Cotton wrote in the letter to US Education Secretary Linda McMahon. “As I noted in a previous letter, the Department of Justice listed CAIR as a member of the Muslim Brotherhood’s Palestine Committee in the largest terrorism-financing case in US history. Further, CAIR-Philadelphia’s executive director, Ahmet Selim Tekelioglu, stated that Israeli ‘occupation’ was the reason for the Oct. 7, 2023, terrorist attack by Hamas in Israel.”

Cotton’s letter cited materials which CAIR distributes across the city and promotes in its programming — notably its “American Jews and Political Power” course — and other attempts to revise the history of Sharia law, which severely restricts the rights of women and is opposed to other core features of liberal societies.

One of CAIR’s most controversial documents demands that teachers omit key facts about the 9/11 terrorist attacks which, in addition to destroying the World Trade Centers and severely damaging the Pentagon, claimed the lives of nearly 3,000 Americans.

“Avoid using language that validates the claims of the 9/11 attackers by associating their acts of mass murder with Islam and Muslims,” CAIR insists in the material. “For example, avoid using inaccurate and inflammatory terms such as ‘Islamic terrorists,’ ‘jihadists,’ or ‘radical Islamic terrorists.’”

Additionally, since the Oct. 7 massacre across southern Israel, CAIR-Philadelphia has lobbied the state government to enact anti-Israel policies and accused Gov. Josh Shapiro of ignoring the plight of Palestinians.

In a 2023 speech following Hamas’s Oct. 7 atrocities, CAIR’s national executive director, Nihad Awad, said he was “happy to see” Palestinians “breaking the siege and throwing down the shackles of their own land.”

According to the Anti-Defamation League (ADL), “some of CAIR’s current leadership had early connections with organizations that are or were affiliated with Hamas.” CAIR has disputed the accuracy of the ADL’s claim, despite government trial exhibits indicating its founders participated in meetings with Hamas supporters in Philadelphia. The organization has asserted that it “unequivocally condemn[s] all acts of terrorism, whether carried out by al-Qa’ida, the Real IRA, FARC, Hamas, ETA, or any other group designated by the US Department of State as a ‘Foreign Terrorist Organization.’”

“Such an organization should never have access to our nation’s children,” Cotton wrote in his letter, urging the Education Department to “ensure” that CAIR is not able to push its ideology on American schoolchildren.

“Sen. Cotton’s comments bring much needed scrutiny to the alarming trend of unchecked outside groups influencing public school curricula. CAIR, with their ties to Hamas, should have no involvement with the Philadelphia School District,” said Steve Rosenberg, Philadelphia Regional Director for the North American Values Institute (NAVI). “This raises serious concerns about balance, transparency, and educational integrity, not to mention basic decision making. Parents and taxpayers deserve assurance that their children aren’t being exposed to ideologically driven lessons — especially from groups with dangerous political affiliations.”

CAIR’s pushing into K-12 education comes at a time of rising antisemitism in public schools.

In August, for example, the Education Department promptly opened an investigation into allegations of antisemitism in Baltimore City Public Schools (BCPS) following the Anti-Defamation League’s (ADL) filing a complaint regarding the matter.

Jewish students allegedly experienced relentless bullying in BCPS, where students pantomimed Nazi salutes, treated campuses as a canvas for Nazi-inspired and antisemitic graffiti, and sent text messages threatening that the Palestinian terrorist group Hamas will be summoned to kill Jewish students the bullies do not like, the ADL complaint said, noting that teachers behaved even worse than students. At Bard High School, an English teacher allegedly performed the Nazi salute three times and later admitted to administrative officials that he did so intentionally to harm “the sole Jewish student” enrolled in his class. Following the incident, he suggested that the student unregister for his class because the Israeli-Palestinian conflict would be discussed in it.

“The allegations that Baltimore City Public Schools tolerate virulent Nazi-inspired antisemitic harassment of its Jewish students is at once appalling and infuriating. When a teacher allegedly directs a Nazi salute toward a Jewish student, or non-Jewish students harass their Jewish contemporaries by saying ‘all Jews should die,’ we are not simply talking about contemptible bullying; we are talking about a shocking abdication of educator responsibility that constitutes unlawful antisemitic harassment under Title VI,” Craig Trainor, acting assistant secretary for civil rights, said in a statement announcing the lawsuit.

Last month, The Algemeiner reported that the Santa Clara Unified School District (SCUSD) in California, which stands accused of refusing to address antisemitism, ruled that a teacher who allegedly showed her students antisemitic, discriminatory, and biased content violated policy when she screened an offensive video about the Holocaust in her classroom.

The move came without the prompting of the US Department of Education’s Office for Civil Rights, with which two Jewish civil rights groups, StandWithUs (SWU) and the Bay Area Jewish Coalition (BAJC), filed a complaint against the district in April.

Among other things, SWU and BAJC alleged that an SCUSD employee, Wilcox High School teacher Kauser Adenwala, screened a documentary produced in Turkey which compared the war in Gaza to the Holocaust. The graphic film at one point “displays a picture of a young Jewish child who was branded with a number by the Nazis during World War II and then suddenly shows an untraceable image of children with Arabic writing on their arms,” according to the complaint, which alleged the teacher’s conduct violated numerous district policies and potentially state law.

She remains employed by the district to this day.

Follow Dion J. Pierre @DionJPierre.

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UN in Geneva Opens Exhibit on How Nazis Weaponized Soccer to Spread Hatred, Persecute Jewish Athletes

The Nuremberg rally in 1929 that the Nazi Party Congress held in Nuremberg, Germany on August 1–4. Photo: Wikimedia Commons.

An exhibition that opened at the United Nations in Geneva, Switzerland, this week spotlights how the Nazis during World War II used sports, especially soccer, to spread their hateful ideology, underscore their power, and persecute Jewish athletes.

The exhibit, titled “Sports. Crowds. Power. Football under the Nazis,” opened on Monday at the Palais des Nations. It was created by the German non-profit What Matters and the Berlin Sports Museum, which hosted the exhibit last year from May 24-Aug. 15, and presented in cooperation with the World Jewish Congress. It was created in honor of the UEFA EURO 2024 in Germany and was shown at the Olympiapark in Berlin.

“Visitors might assume that it is an exhibition about football. I would say that through the lens of football and sports, you learn a great deal about the history of National Socialism,” said Andreas Kahrs from What Matters.

The exhibit “explores the nefarious role of sports under National Socialism and delves into how the Nazis manipulated sports to consolidate power, the tragic impact of the Holocaust on European Jewish athletes and sporting clubs, and the contemporary role of sports in combating antisemitism.”

It highlights the playing of soccer in Nazi concentration camps and draws attention to Jewish athletes who faced antisemitism and persecution, including American soccer star and former Ajax player Eddie Hamel, who was murdered with his family in the Auschwitz concentration camp, and German track-and-field athlete Lilli Henoch, who was also murdered by the Nazis. The exhibit does not skip over the fact that some German soccer players were Nazis like SS member Otto “Tull” Harder, a multiple German championship team member and national team striker who was commander of a Nazi subcamp where thousands of people died.

“The exhibition tells of destroyed and disappeared football clubs across Europe and looks at the long shadow of National Socialism in both West and East Germany,” What Matters explained. “Lines of continuity are drawn into the present as it further explores discrimination and exclusion in today’s football.”

The exhibit is currently on tour, with the UN in Geneva as its first stop. It was showcased at the UN from Sept. 8-12 and was not open to the public. It will open to the general public on Sunday until the 19th at the Hôtel Ramada Encore, next door to the Geneva Football Stadium, for daily guided tours.

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Ted Cruz Says Tucker Carlson ‘Turning Into Ilhan Omar,’ Warns of ‘Rising Antisemitism on the Right’

US Sen. Ted Cruz (R-TX) speaking at a press conference about the United States restricting weapons for Israel, at the US Capitol, Washington, DC. Photo: Michael Brochstein/Sipa USA via Reuters Connect

US Sen. Ted Cruz (TX) raised alarm bells this week over what he described as “rising antisemitism” on the political right, warning that podcaster and former Fox News host Tucker Carlson is “turning into Ilhan Omar,” the far-left US lawmaker, by spreading anti-Israel and even antisemitic rhetoric.

Cruz made the remarks on Wednesday during an event at the Heritage Foundation, a prominent conservative think tank, where he also discussed his legislation to designate the Muslim Brotherhood and its affiliates, including Hamas, as foreign terrorist organizations.

Cruz criticized Carlson for questioning Hamas’s status as a terrorist group and for hosting guests who have minimized historical atrocities, including the Holocaust. He expressed concern that antisemitism could be emerging as a more potent political force on the right. 

“I will say I am concerned about rising antisemitism on the right,” Cruz said. “In the last six months, what we’ve seen on the right has been deeply disturbing.”

The conservative lawmaker specifically pointed to Carlson, a right-wing commentator and online provocateur.

“Tucker Carlson is turning into Ilhan Omar. This is bizarre. This is ridiculous,” Cruz added.

In a June interview with Cruz, Carlson questioned the merits of the US-Israel alliance, asking why lobbyists for the American Israel Public Affairs Committee (AIPAC) shouldn’t register as foreign agents and whether the US was receiving adequate returns on its financial support to Israel. Cruz, a staunch supporter of Israel, suggested Carlson’s questions were motivated by antisemitism, leading to a heated exchange between the two.

“You’re asking, ‘Why are the Jews controlling our foreign policy?’” Cruz stated. “If you’re not an antisemite, give me another reason why the obsession is Israel.”

Omar has established herself as harsh critic of Israel who has accused the Jewish state of committing “ethnic cleansing” in Gaza and erecting an “apartheid” government in the West Bank. The lawmaker has also publicly declared support for the boycott, divestment, and sanctions movement (BDS), an initiative which seeks to turn the Jewish state into an international pariah as a first step to its eventual destruction.

Omar further drew backlash on Thursday over her comments regarding the assassination of conservative commentator Charlie Kirk this week.

Omar strongly criticized attempts to frame Kirk purely as an advocate of civil debate, calling such portrayals “full of s**t” and a “complete rewriting of history.”

“These people are out there talking about him just wanting to have a civil debate,” Omar said. “It’s important for us to call them out while we feel anger and sadness.”

“What I do know for sure is that, you know, Charlie was someone who once said, you know, guns save lives after a school shooting. Charlie was someone who was willing to debate and downplay the death of George Floyd in the hands of Minneapolis police,” she stated. 

Omar also said that Kirk inflamed racial tensions through downplaying “slavery and what Black people have gone through in this country by saying Juneteenth should never exist.”

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