Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

Scott Shay on How BDS Crept Into the Investment World, and How It Was Kicked Out

Scott Shay on How BDS Crept Into the Investment World, and How It Was Kicked Out

FromThe Tikvah Podcast


Scott Shay on How BDS Crept Into the Investment World, and How It Was Kicked Out

FromThe Tikvah Podcast

ratings:
Length:
39 minutes
Released:
Nov 3, 2022
Format:
Podcast episode

Description

In recent years, a new movement has shaken the world of finance. Many investors are no longer interested in the financial return on their investments alone, but they want to feel that they are investing in companies that align with their ethical values. In response, a new metric was created: the ESG score, which attempts to measure the environmental, social, and governance factors and attitudes present in any given company. A few years ago, it was discovered that Morningstar, one of the most prominent of the agencies that create and rank ESG scores, was disproportionately giving companies that are located in or do business with Israel lower scores. After discovering this systemic practice, Scott Shay, the chairman of Signature Bank, worked together with leaders in the Jewish institutional world to confront Morningstar and persuade it to stop. On this week's podcast, in conversation with Mosaic editor Jonathan Silver, he tells the whole story. Musical selections in this podcast are drawn from the Quintet for Clarinet and Strings, op. 31a, composed by Paul Ben-Haim and performed by the ARC Ensemble.
Released:
Nov 3, 2022
Format:
Podcast episode

Titles in the series (100)

The Tikvah Fund is a philanthropic foundation and ideas institution committed to supporting the intellectual, religious, and political leaders of the Jewish people and the Jewish State. Tikvah runs and invests in a wide range of initiatives in Israel, the United States, and around the world, including educational programs, publications, and fellowships. We invite you to explore some of these initiatives through the links on this page. Our animating mission and guiding spirit is to advance Jewish excellence and Jewish flourishing in the modern age. Tikvah is politically Zionist, economically free-market oriented, culturally traditional, and theologically open-minded. Yet in all issues and subjects, we welcome vigorous debate and big arguments. Our institutes, programs, and publications all reflect this spirit of bringing forward the serious alternatives for what the Jewish future should look like, and bringing Jewish thinking and leaders into conversation with Western political, moral, and economic thought.