To comply with FTC regulations, all links on this site could lead to commissions paid to the publisher. Please see Advertising Disclosure in sidebar.
WASHINGTON – Money tied to George Soros, a liberal billionaire who uses his wealth to support a number of Democratic and progressive causes, funded the creation of a database that singles out business investment in Israel.
The EIRIS Foundation, a charity organization that focuses on investment research, received donations totaling nearly $300,000 from Soros’ Open Society Foundations to build a “Business in Occupied Lands” database, according to financial reports from the U.K. Charity Commission between 2015 to 2017.
The database is advertised as a way to help companies practice better corporate social responsibility, i.e., ethical business investing. However, the information from the database only focuses on two areas: Crimea and Israel, which the EIRIS Foundation simply refers to as “Palestine.”Despite claiming the Business in Occupied Lands project to be an “objective” collection of information on corporate operations in Israel, the EIRIS Foundation frames the region as “illegally administered.”
While a growing number of companies across the world are implementing corporate social responsibility into their business practices in an effort to promote justice, experts point out that more partisan-driven actors have weaponized corporate social responsibility to reach political goals. Namely, it has been used to boost the BDS movement, a global campaign that seeks the “Boycott, Divestment and Sanctions” of Israel and Israeli-linked businesses.
Big Tech is censoring our publication severely reducing our traffic and revenue. (How they do it: NewsGuard) You can support our mission of truthful reporting by making a contribution. We refuse to let Silicon Valley crush us into becoming just another regurgitated, propaganda driven, echo-chamber of traditional news media and we need your support. You can also help by signing up for our featured story emails.
“In addition to being promoted by groups affiliated with the BDS movement, elements of the Foreign Boycott Campaign have recently been adopted by [corporate social responsibility] advisors and companies that employ CSR programs. As a result, the Foreign Boycott Campaign represents the intersection of several strains of discrimination with CSR,” Marc Greedorfer writes in an upcoming law review article.
Greendorfer is an attorney and founder of Zachary Legal Institute, a think tank and advocacy organization that is committed to fighting against anti-Israel movements within the U.S. The institute specializes in research into BDS and other anti-Semitic activities in the commercial sector.
The EIRIS Foundation provides “free and objective information on ethical finance and corporate activity,” according to its website. It bills itself as a charity organization meant to help businesses with “responsible” business and investing, business practices that are considered more ethical and promote social justice. The London-based organization depends on donations to fund its activities, and it explicitly acknowledges the “generous support” from the Open Society Foundations as having made the Crimea-Israel project possible.
Greendorfer and other EIRIS Foundation critics point out that its database is an example of the double standard placed on Israel and not on other governments.
The EIRIS Foundation is a 5 percent shareholder in the British-French research agency Vigeo Eiris, a company that operates two offices in Morocco, a country that is widely considered to be illegally occupying the Western Sahara.
“The dilemma today is that the Eiris team sits with experience on how investors should avoid placing money in Palestine and Crimea, while the Vigeo team is helping Morocco in investments in occupied Western Sahara,” wrote the Western Sahara Resource Watch, an advocacy organization that monitors economic activity in the region. The group’s statement blasted Vigeo Eiris for holding a double standard in regards to its business in Morocco. “The ethical investor community is baffled.”
Soros’ organization touts a long history of backing liberal activism.
The Open Society Foundations (OSF) is an international philanthropic network led by Soros. Not only is the 88-year-old billionaire the founder and current chairman of OSF, he has given the organization over $32 million in donations since its inception in 1993.
While the OSF advertises itself as a human rights organization dedicated to making governments more accountable to its citizens, the group is largely known in the U.S. for supporting progressive campaigns. The Sixteen Thirty Fund, for example, received over $2 million from the Open Society Policy Center, an arm of the OSF, between 2012 and 2016. The Sixteen Thirty Fund went on to lead a campaign against Brett Kavanaugh’s 2018 nomination to the Supreme Court.
Soros, himself, is a behemoth among Democratic boosters. Open Secrets listed him as the 8th most prolific individual donor in the country during 2018.
Both the EIRIS Foundation and the OSF ignored multiple requests for comment regarding this story.
Greendorfer, who conducts research on private sector involvement in anti-Israel activity, says it’s par the course for companies engaged in BDS to ignore media inquiries.
“We’ve attempted many times to contact the actual parties that are engaged in this activity and they’ve uniformly refused to respond to emails, calls, inquiries, etc,” Greendorfer told The Daily Caller News Foundation. “The only time you will ever get a response from them is when a state authority threatens to enforce a law against them.”
Follow Jason on Twitter.