South Carolina’s state treasurer sent a letter to Morningstar CEO threatening to cut ties with the billion-dollar financial firm, for alleged involvement in an anti-Sematic movement as part of its environmental, social and governance (ESG) practices.
Heritage Action for America executive director Jessica Anderson shares mission of the new anti-ESG campaign and criticizes the ‘dangerous’ ESG standards.
In a letter to Morningstar CEO Kunal Kapoor, South Carolina State Treasurer Curtis M. Loftis Jr. alleged that Sustainalytics, a wholly-owned subsidiary of Morningstar, negatively rates firms connected to Israel.
feel the same way, and it is time we begin a national conversation about resisting the powerful influences arrayed against the interests of our citizens."Sustanalytics identifies itself as a "global leader in ESG research and data," and serves 18 out of the 20 largest asset managers.
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