Newsmakers
CalPERS Says No to Legislation Forcing It to Divest from Private Prisons
The pension plan’s stance also means it won’t likely voluntarily divest from GEO Group and CoreCivic.
Tag: divestment
Majority of Divestments Lose Value, Report Finds
Research shows that 54% of divestitures underperformed the markets since 2010.
Risk
World’s Largest Sovereign Wealth Fund Flexes Its Muscles
Norway’s pension giant has divested from 240 firms since 2012.
Risk
Norway’s Sovereign Wealth Fund Adds Three Firms to Exclusion List
Fund divests one company due to human rights violations, and two for coal activities.
Risk
Another Swedish Pension Fund Makes Huge ESG-Focused Divestment
Selling of nukes, tobacco, coal and oil sands holdings follows new law, plus actions of sister fund.
Risk
Swedish Pension Fund Divesting from Nukes, Oil Sands Companies
ESG-oriented decision motivated by new law.
Newsmakers
CalPERS Engages Private Prison Companies
The review could lead to divestment of CoreCivic and The GEO Group.
Newsmakers
CalPERS Reviews Divestment of Companies with Ties to Sudan
Nokia, Nordea Bank lead list of 13 firms with potential ties to African nation.
Newsmakers
CalPERS Decision to Divest from Tobacco Is Costly
A report found CalPERS missed nearly $3.6 billion in investment opportunities from 2000 decision, but other divestments have worked in its favor.
Newsmakers
CalSTRS Investment Committee Was Split on Private Prison Divestment
The vote to divest from CoreCivic and GEO Group was 6-5 during an emotional meeting.
Newsmakers
CalSTRS to Divest of Private Prison Companies
The two US companies running private prisons, whose detainees including immigrants caught crossing the US-Mexico border, will no longer be part of the CalSTRS portfolio.
Exclusive: San Francisco Pension System Approves Divestment of Five Fossil Fuel Companies
Stock of Hess Corp. will be divested along with other energy companies if they don’t justify oil and gas reserves and stop denying climate change.
CalPERS Names 12 Firms not to Divest over Iran, Sudan
Investment committee research finds companies don’t meet divestment threshold
Newsmakers
New Jersey Pension Fund Axes Stake in Private Prison Contractor
Action follows American Federation of Teachers’ critical report on Trump’s immigration policy.
Newsmakers
Chicago Teachers to Divest Private Prisons, Immigration Detention Centers
The fund is also barred from making any future investments in these industries.