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!
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Financial Institutions & Businesses |
Religious Institutions. |
Foundations |
Municipality/City/State |
University |
Other |
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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 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
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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
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Gates Foundation divests from G4S. The foundation is still being targeted for refusing to divest from GEO Group – 2014
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Portland City Council Screens out Private Prison investment -2014
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Podesta Group, a powerful lobbying firm in Washington D.C., dropped GEO Group as a client - 2012 |
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RESPONSIBLE ENDOWMENTS COALITION