SFO Jimmy's Patronis' Seal

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IN CASE YOU MISSED IT: Jewish Insider: “Morningstar removes controversy tags on 19 companies doing business in Israel and West Bank”

7/7/2023
For Immediate Release: Friday, July 7, 2023
Contact: Office of Communications, Communications@MyFloridaCFO.com, 850.413.2842

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.

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.

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 CFO Jimmy Patronis 
Chief Financial Officer and State Fire Marshal Jimmy Patronis is a statewide elected official and a member of Florida’s Cabinet who oversees the Department of Financial Services. CFO Patronis works each day to fight insurance fraud, support Florida’s firefighters, and ensure the state’s finances are stable to support economic growth in the state. Follow the activities of the Department on Facebook (FLDFS) and Twitter (@FLDFS).

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