IN CASE YOU MISSED IT: Jewish Insider: “Morningstar removes controversy tags on 19 companies doing business in Israel and West Bank”
IN CASE YOU MISSED IT…
Jewish Insider: “Morningstar removes controversy tags on 19 companies doing business in Israel and West Bank”
“Morningstar removes controversy tags on 19 companies doing business in Israel and West Bank”
Marc Rod, Jewish Insider
July 6, 2023
Link HERE
Morningstar removes controversy tags on 19 companies doing business in Israel and West Bank Financial services firm Morningstar has removed controversy ratings the company had assigned to 19 companies doing business in Israel and the West Bank following a year of controversy and accusations that the firm had employed anti-Israel bias in its environmental, social and governance (ESG) ratings system.
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Seven companies — B Communications, Bezeq, Construcciones y Auxiliar de Ferrocarriles SA, Elbit Systems, Elco Ltd., Electra Ltd. and Shapir Engineering and Industry Ltd. — will retain ratings for alleged involvement in controversies, a Morningstar spokesperson Sarah Wirth said.
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The changes come weeks after Florida’s chief financial officer announced a new probe into Morningstar, following an amendment to Florida’s anti-BDS law in May aimed specifically at Morningstar.
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About the CFO
Florida
Chief Financial Officer (CFO) and State Fire Marshal Blaise Ingoglia serves as
the state’s top financial watchdog, a member of the Florida Cabinet, and the
head of the Florida Department of Financial Services. As CFO, he oversees
billions of dollars in state funds and is committed to protecting taxpayer
dollars, strengthening Florida’s fiscal health, and delivering essential
services that support the state’s excellent economy. As State Fire Marshal, CFO
Ingoglia also works every day to support Florida’s first responders as they
risk their lives to serve and protect communities across the state.