DIVEST: REJECT UNETHICAL PRACTICES
→ HOLD YOUR BANK ACCOUNTABLE
Wells Fargo — the official bank of the State of New Mexico and the City of Santa Fe — is one of the foremost financial supporters of the Private Prison Industry, holding a huge number of shares in both CoreCivic and Geo Company, as well as underwriting loans for these companies. On March 12, 2019, under pressure from activists, they announced that they will be exiting their relationships with private prison financing. However, they did not specify the timeline for ending that financing, nor did they commit to divesting the stock that they own in both of these companies. NOW IS THE TIME TO HOLD THEM ACCOUNTABLE.
Write a letter to your local Wells Fargo bank urging them to Break Up with Private Prisons. If you are a Wells Fargo customer, you can let them know that if they don’t, you will break up with them.
Breaking Up Is Hard To Do: How To Leave Your Big Name Bank by Morgan Simon for Forbes
How to Break Up with Your Bank (2 minute video)
→ RESEARCH YOUR INVESTMENTS
Knowing what you own is the first step to aligning your investments with your values. You may be invested in state violence through companies involved in mass incarceration, immigrant detention and surveillance, military occupation, or the border industry. Check out the great resources below from INVESTIGATE AFSC to learn more about where you may be invested.
INVESTIGATE: What are you invested in? This database includes original research and lists over 150 company and industry profiles. Learn how companies profit from and support state violence. Then use this knowledge to create change.
Webinar: Investigate the Prison Industry This webinar presents research mapping the U.S. prison industry and shows how to use the Investigate tool to measure your "Prison Footprint."
→ ENSURE THAT YOUR PENSION FUND IS ETHICAL
Many of us are unknowingly complicit in the private prison industry. The New Mexico Educational Retirement Board has direct holdings in both CoreCivic and GeoGroup, as do many faith groups, employer pension funds, and individual retirement plans. Learn more about the process of divesting from unethical retirement funds.