Prison Divestment Victories

In Spring 2013, students at UC Berkeley formed a coalition of groups including MEChA and the Black Student Union to fight back against high rates of incarceration for immigrants and people of color in this country. They won a Student Senate resolution calling on the UC Board of Regents to divest from companies profiting off of prisons, and fully divesting student funds from those companies. 

Simultaneously communities across the country have stood in solidarity with incarcerated individuals, students  and  all those fighting for Restorative Justice. Here at REC we have complied the following list of victories.

 

Restorative Justice Victories!

Financial Institutions & Businesses

Religious Institutions.

Foundations

Municipality/City/State

University

Other

Pershing Square Capital Management -2011

 

General Electric  -2012

 

Allianz Asset Management-  2013

 

Systematic Financial Management LP – 2013

 

Wells Fargo & Company divested 80% of its aggregate holdings in the GEO Group – 2013

Texas Employee Retirement System fully divested -2013

 

Amica pledges to divests from CCA and GEO Group -2014

Amica Mutual Insurance pledges to divests from CCA and GEO Group -2014

Scopia divests. -2014

DSM North America Divests -2014

Sit Investment Associates fully divested from private prison industry - 2014

Secor Capital Advisors fully divested from private prison industry - 2014

 

 

 

United Methodist Church –  2012

 

The General Assembly of the Presbyterian Church (U.S.A) created a portfolio screen -2012

 

Granite Peak Unitarian Universalist Church moved its money out of Wells Fargo -2014

 

Gates Foundation divests from G4S. The foundation is still being targeted for refusing to divest from GEO Group  – 2014

 

Portland City Council Screens out Private Prison investment -2014

 

Florida Atlantic University Students prevent GEO from donating  $6 million and having naming rights to their stadium

Podesta Group, a powerful lobbying firm in Washington D.C., dropped GEO Group as a client  - 2012

 

 

 

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