This Financial Giant Blacklists Companies That Supply Arms to Israel

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A prominent financial services firm under fire for encouraging divestment from companies that help Israel combat suicide bombers may also be promoting divestment from firms that supply the Israeli military and police with weaponry, according to an independent investigation conducted by a Washington, D.C., think tank.

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Morningstar Inc., a financial research firm that advises investors, is facing accusations that its recently acquired research firm, Sustainalytics, downgrades companies that help Israel combat terrorism and bolsters the anti-Semitic Boycott, Divestment, and Sanctions movement (BDS), which wages economic warfare on the Jewish state. A third-party analysis published by the Foundation for Defense of Democracies (FDD) alleges that Sustainalytics employs biased methods to investigate and downgrade firms doing business with Israel and its security sector.

I will bless those who bless you, And I will curse him who curses you;
And in you all the families of the earth shall be blessed.” Genesis 12:3

Company ratings produced by Morningstar and similar research firms act as a primary guide for investors and can greatly impact how a company is valued, and the FDD report analyzed evidence presented in a 134-page review of the company’s methods conducted by the law firm White & Case that cleared Morningstar of any wrongdoing.

But evidence presented in the White & Case report indicates that Sustainalytics may place a company on its investment “watchlist” for the “supply of arms” to Israel or other nations involved in conflicts, according to Richard Goldberg, who authored the FDD report. In downgrading a company that supplies the Israel Defense Forces, for instance, Sustainalytics could be relying on metrics that negatively impact Israel more than others—aiding the BDS movement in its attempts to drive divestment from the Jewish state, according to Goldberg.

“Blacklisting companies that help Israel maintain the security barrier and blacklisting companies that supply the IDF critical arms to support counter-terrorism—these are hallmarks of the BDS campaign,”

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