ESG Investing Used to Target Companies Working with Israel
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ESG (Environmental, Social, Governance) investing has been used by some investors to pressure companies against doing business with Israel.
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Shareholder activist groups have filed proposals targeting Amazon, Raytheon, and Lockheed Martin to stop them from working with Israel's government.
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The proposals euphemistically claim that working with Israel poses "material risks" and "human rights concerns" for companies.
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Investor coalition ICCR (Interfaith Center on Corporate Responsibility) features anti-Israel proposals on its website, despite claiming neutrality on Israel.
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ESG investing has faced backlash for woke policies and poor returns, but some activists still push anti-Israel agenda in proxy votes.