Florida State Board of Administration (SBA) added Morningstar to its list of “Scrutinized Companies that Boycott Israel.” Morningstar owns a number of companies including Sustainalytics and PitchBook Data. The list was mandated by a 2016 Florida law that was revised earlier in 2023 to add a requirement of divestment of direct holdings in any company…
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On Wednesday, the Florida State Board of Administration added Morningstar, a multi-billion dollar investment research company based in Chicago, to Florida’s list of “Scrutinized Companies that Boycott Israel.”
In a recent post, we examined the practical impact of SB 264 (Chapter No. 2023-33, Laws of Florida) on foreign investment in Florida. The new law, which took effect on July 1, 2023,.