As of August 2019, eight banks – JPMorgan Chase, Wells Fargo, Bank of America, SunTrust, BNP Paribas, Fifth Third Bancorp, Barclays, and PNC – have publicly committed to ending their future financing relationships with the private prison industry, including CoreCivic and GEO Group. Together these eight banks represent an estimated $2.35 billion – or 87.4%…
Tag: private prisons
Jesuits Get Majority Vote at Private Prison Company
The Jesuits West Province recently helped pass a shareholder resolution to hold GEO Group, one of the largest for-profit prison and detention center operators in the U.S., accountable for human rights and treatment of detainees. Working in partnership with investors and members of the Interfaith Center on Corporate Responsibility (ICCR), the Jesuits requested that GEO…
Catholic Shareholder Activists Challenge Private Prison System | Sojourners
A shareholder proposal from a Catholic group has led to an agreement from the management and board of a corporation that operates private prisons. But the proponents are not sure how significant that agreement will be. These findings were detailed in “Proposal 4” on the proxy statement that GEO published ahead of the shareholders meeting….
