A recent trend in investing is to demand that, beyond profit, an
investment portfolio adhere to certain ethical criteria. For example,
a portfolio can be made to divest from companies that are permissive
to global warming, sexism, bigotry, etc. One popular criteria for this
kind of investing is ‘ESG’ which stands for ‘Environmental, Social,
Governance’. ESG funds are promoted by some of the largest fund
managers, including Blackrock, which offer these types of portfolios
and even outside of them has used its clout to force companies into
aligning with these criteria.
One would intuitively expect that ESG criteria would include avoiding
companies associated with war crimes. In fact, one ratings agency,
called Morningstar, has apparently tried incorporating this into their
ESG ratings, including marking companies associated with West Bank
settlements. This would be huge for supporters of Palestine, because
some of the largest funds in the world would automatically start
divesting. However, by going against Israel Morningstar is breaking
‘the rule’ which is that Israel gets an exception in every case.
The story linked describes lawfare waged by the ADL against
Morningstar until they gave an exemption to companies associated with
Israel. In this way Israel is given an exception, everyone else has to
follow ethical rules but they don’t. This is part of a larger
conspiracy by the ADL to exempt Israel from all institutional
scrutiny, which it considers antisemitic. The ultimate goal is to get
every watchdog institution to not only look the other way when Israel
or its supporters commits a crime, but to explicitly condemn as
unethical any criticism of Israel. I reiterate that this is happening
at the institution level, and comes with institutions’ heavy weight
and ability to really punish dissidents. We must fight back or else
submit to a completely dystopian future.
Come to the ‘Altmedia’ sub if you want more of this content.
LoggingLorax on
Oy vey, all animals are equal but some are more equal than others! And Israel is the most equal of all!
2 Comments
A recent trend in investing is to demand that, beyond profit, an
investment portfolio adhere to certain ethical criteria. For example,
a portfolio can be made to divest from companies that are permissive
to global warming, sexism, bigotry, etc. One popular criteria for this
kind of investing is ‘ESG’ which stands for ‘Environmental, Social,
Governance’. ESG funds are promoted by some of the largest fund
managers, including Blackrock, which offer these types of portfolios
and even outside of them has used its clout to force companies into
aligning with these criteria.
One would intuitively expect that ESG criteria would include avoiding
companies associated with war crimes. In fact, one ratings agency,
called Morningstar, has apparently tried incorporating this into their
ESG ratings, including marking companies associated with West Bank
settlements. This would be huge for supporters of Palestine, because
some of the largest funds in the world would automatically start
divesting. However, by going against Israel Morningstar is breaking
‘the rule’ which is that Israel gets an exception in every case.
The story linked describes lawfare waged by the ADL against
Morningstar until they gave an exemption to companies associated with
Israel. In this way Israel is given an exception, everyone else has to
follow ethical rules but they don’t. This is part of a larger
conspiracy by the ADL to exempt Israel from all institutional
scrutiny, which it considers antisemitic. The ultimate goal is to get
every watchdog institution to not only look the other way when Israel
or its supporters commits a crime, but to explicitly condemn as
unethical any criticism of Israel. I reiterate that this is happening
at the institution level, and comes with institutions’ heavy weight
and ability to really punish dissidents. We must fight back or else
submit to a completely dystopian future.
Come to the ‘Altmedia’ sub if you want more of this content.
Oy vey, all animals are equal but some are more equal than others! And Israel is the most equal of all!