SOCIALLY RESPONSIBLE INVESTING
We demand that the University of Cincinnati divest from any companies involved in the operation of private prisons and establish a Socially Responsible Investment Committee (or at least adopt a socially responsible investment policy) for all investment transactions by the start of the 2017-2018 academic Year.
Status & Updates
The University of Cincinnati participates in the controversial industry of exploiting mass incarceration for profit. Therefore, we would like our school to withdraw its participation. Doubtful of divestment tactics? Refer to the late 1970s, when the University of California, Michigan State University, Columbia, Stanford University, and other universities helped push for an end to apartheid by divesting from South Africa and companies associated with it. This then lead to companies and corporations divesting as well. Nelson Mandela and Desmond Tutu have pointed to the University of California’s withdrawal of $3 billion from South Africa, and the University movement in general, as a catalyst for ending the Apartheid regime (businessinsider.com).
We met several times with Karl Scheer, UC's Chief Investment Officer.
Per information shared, there are a couple hundred thousand dollars invested
throughout some portfolios. Given the process for divestment, another more broad-
based strategy may be boycotting a vendor such as Aramark because they directly
invest in the prisons and have more of an impact than the three portfolios.
Fossil Free UC also utilized these meetings and committees to make their case for divestment in the interest of their organization.
Status: Remains open to future engagement, as we discuss the implications of boycotting vs divestment.