The Malign Genesis of ESG: Officials from 17 states Call ESG Ratings ‘Direct Attack’ on Jewish State

Backgrounder:

Using the pretense of social diversity and environmental protection needed to repair damage caused by capitalism, this network established the ESG construct. It represents a geometrically increasing impediment to many industries and the larger corporate culture. Though nebulous and ill-understood by both Wall Street and Main Street alike, it constitutes competing frameworks, reporting systems, and scoring systems for environmental and social reporting—but it lacks continuity and a quantifiable measurement. A meta-analysis of more than 1000 studies on ESG performance found that, “studies use different scores for different companies by different data providers.” These self-ascribed arbiters of politically appropriate values, behavior, and outcomes intend to identify, scrutinize, and then using ESG scores, punish public and private companies—and eventually individuals—who do not agree to live by the network’s validation feedback loop.

Objectives articulated by one of the data collection members of the ESG network include:

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• Limiting global warming to no more than 1.5°C above pre-industrial levels and delivering on the vision of a genuinely [carbon] net-zero, nature-positive and equitable world by 2050 at the latest.
• Supporting the development of a financial system that integrates sustainability considerations into its operations, leading to a reorientation of capital flows towards achieving global goals.

The investment firm Morningstar’s ESG ( environmental, social, governance ) officials have been advancing an anti-Israel and pro-BDS agenda with it’s clients. 17 state officials sent a letter to Morningstar’s CEO over the company’s anti-Israel practices, which includes penalizing companies that invest in Israel’s economy with negative ratings.

Pro-Israel organizations need to be relentless with Morningstar until it’s anti-Israel policies are stopped. Just as they were with Ben & Jerry’s parent company Unilever. As Leftists gain more influence in corporate America, Israel can expect these kind of attacks to occur more frequently.

Today @MorningstarInc removed from its website a statement issued to its investors, which assured them that allegations that Sustainalytics produced politically-biased ESG ratings negatively targeting Israel-connected firms were unfounded. https://t.co/oUJ9DNspZZ

— Richard Goldberg (@rich_goldberg) June 2, 2022

Related – Arizona treasurer says investment firm Morningstar violates state anti-BDS law

Related – No Farrakhan, Omar or Tlaib: The Vicious Antisemitism CNN Ignores

Officials from 17 states call Morningstar ESG ratings ‘direct attack’ on investments in Israel

By Jewish Insider, August 27, 2022

Top financial officers from 17 states sent a letter to the CEO of the investment firm Morningstar on Thursday accusing its environmental, social, and governance (ESG) scores of anti-Israel bias and “apparent alignment with the Boycott, Divestment [and] Sanctions (BDS) movement,” the latest escalation in a growing scandal for the investment giant.

The state officials, all Republicans, allege that the ESG ratings offered by Morningstar subsidiary Sustainalytics “are deeply infused with anti-Israel bias” and “automatically [punish] any company involved in the Israeli economy in its ratings system.” They further claim that Morningstar’s denials of this are “intentionally misleading.”

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