Morningstar Cuts Ties to Human Rights Radar Due to Bias Concerns
Morningstar Inc. has cut its ties to a research product that provides information on issuers involved in regions where human rights violations allegedly occur.
Chicago-based Morningstar started receiving questions about Human Rights Radar soon after it purchased ESG ratings and research firm Sustainalytics in 2020. The company initiated a review in early 2021 and followed up later in the year by forming a working group led by the law firm White & Case. The inquiry followed pressure from organizations including JLens.
JLens, which represents a network of Jewish investors, put Morningstar on its “do not invest list” due to its alleged support of the anti-Israel boycott, divestment and sanction (BDS) campaign.