Paxton sends letter to Morningstar and Sustainalytics regarding rampant anti-Israel bias and liberal corporate activism

Attorney General Paxton signed a multi-state letter led by Kentucky and West Virginia and addressed to Morningstar, complaining about the blatant anti-Israel bias of his subsidiary, the Environmental, Social and Governance Rating (ESG) firm. ) Sustainalytics. The letter details the many ways Sustainalytics has pushed a woke social agenda and promoted the Boycott, Divestment and Sanctions (BDS) movement.

The letter comes just days after Attorney General Paxton announced a multi-state investigation into Morningstar and Sustainalytics for alleged violations of consumer protection and anti-BDS laws.

The letter points out that Sustainalytics classifies companies that engage with democratic Israel as equivalent, in terms of ESG compliance, to those that conduct business in cooperation with tyrannical regimes like Russia or China. That Sustainalytics draws such a misguided moral equivalence between Israel and China demonstrates that ESG ratings often have more to do with promoting a progressive political agenda than promoting good social values.

The letter contained the following about the grossly inaccurate comparison of Israel with authoritarian countries: “Israel is not like China, Myanmar, Russia and other nations ruled by despots. On the contrary, Israel remains a diverse democracy with “strong and independent institutions that guarantee political rights and civil liberties.” In fact, Israel is the only country on the aforementioned lists that Freedom House considers “free.” Sustainalytics’ failure to distinguish between Israeli democracy and repressive regimes shocks our collective conscience.

Read the full letter here.

About Timothy Ball

Check Also

Why Michigan’s Unusual Educational Bureaucracy Matters in the Flap on LGBT Training Videos

Republican gubernatorial candidate Tudor Dixon has spoken out against training videos suggesting, among other things, …