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18 AGs Hit Morningstar’s ESG Policies, Alleged Anti-Israel Bias

At a glance

  • Morningstar Inc. and its subsidiary, Sustainalytics, are being investigated by 18 attorneys general for alleged consumer fraud or unfair trade practices.
  • Missouri Republican Attorney General Eric Schmitt announced he’s leading the inquiry into the company’s environmental, social and governance (ESG) investing ratings.
  • “Virginia’s consumer protection laws protect Virginians from companies who don’t like to play by the rules,” Virginia Attorney General Jason Miyares said in a statement. “Virginia has joined the investigation into Morningstar and Sustainalytics in response to credible allegations that they violated our consumer protection laws by allowing anti-Israel bias to infect the ESG ratings they provided to investors.”

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