JNS
Questions linger after state board closes investigation into Morningstar for anti-Israel bias
Mike Wagenheim
July 14, 2022

An Illinois state board tasked with ensuring that public money is not invested in entities that promote boycotts, divestment or sanctions against the State of Israel has faced criticism in recent weeks over its response to a company found to have anti-Israel bias. In May the law firm White & Case released a report that investigated Morningstar—a Chicago-based financial services firm that provides investment overviews to governments, businesses, and individuals—for potential anti-Israel bias. The report was prompted by the seven-member Illinois Investment Policy Board (IIPB) claiming that one of Morningstar’s acquisitions, Sustainalytics…routinely used problematic criteria and sources that singled-out Israel over human rights abuses, while neglecting serious abuses in other countries. READ MORE