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...“We have small holdings in CoreCivic in high-yield portfolios managed against indices, which include CoreCivic as a component,” the bank’s asset management unit said....
...The outcomes of many of McDowell’s cases are private but, in one recent example, she ran an audit for prison operator CoreCivic, which houses roughly 50,000 inmates, reviewing its adherence to racial equity...
...(Tamami Shimizuishi, Nikkei) Smart read US prison operator CoreCivic faces scrutiny over its alleged profiteering from forced labour by immigrant detainees, writes Lee Fang of The Intercept....
...JPMorgan funds invested in CoreCivic debt after vow to stop financing private prisons Bond funds wrestle with human rights dilemma Divestment Concerns Creep In for More Industries Check out stories and...
...Earlier this year, JPMorgan bought debt from CoreCivic, a private prisons operator — two years after saying it would no longer finance the private prison industry....
...CoreCivic said the Alabama facilities will be “managed and operated by the state — not CoreCivic. These are not private prisons....
...Spokespeople for CoreCivic and Alabama’s department of corrections could not immediately be reached for comment....
...Damon Hininger, chief executive of CoreCivic, said the company’s cost of capital had been increased by its “incorrect” characterisation as a “non-ESG investment”....
...Funds tied to the bank have invested $25m or more in a bond issued by CoreCivic, which runs prisons and detention centres across the US....
...GEO Group and CoreCivic this year converted to corporations to shore up their balance sheets. In its waning days, the Trump administration is still pushing to thwart ESG momentum....
...In the wake of President Donald Trump’s election, human rights campaigners called on Vanguard, BlackRock and Fidelity to divest from CoreCivic and Geo, the largest operators of US private prisons and migrant...
...CoreCivic, whose equity is now worth $1.1bn, has also registered declines in occupancy and pulled financial guidance....
...Campaigners have also targeted BlackRock, the second-largest shareholder in both CoreCivic and Geo....
...While anger over President Donald Trump’s immigration policies, particularly the detention of unaccompanied minors crossing the border, has sparked activists’ ire, the major contractors under fire today — CoreCivic...
...Last week, CoreCivic and Geo Group, the country’s two largest publicly traded private prison operators, both announced that they were making structural changes to slash their debt....
...(Hey, CoreCivic — although you never made my buy list, maybe this is your time to shine!) If you don’t need more, don’t stockpile — which segues to: G = good corporate citizenship....
...Calstrs, the $215bn fund that pays teachers’ pensions in California, sold its stakes in CoreCivic and Geo last year....
...Calstrs, which pays the pensions of California schoolteachers, last year sold its stakes in CoreCivic and Geo Group....
...The sector has already been under fire this year, with numerous major banks pledging to cut off funding to Geo Group and CoreCivic (the two largest US private prison operators) in the face of an activist...
...Calstrs, which pays the pensions of California schoolteachers and is the largest such fund in the US, last year sold its stakes in CoreCivic and GEO Group, two public companies that operate private prisons...
...JPMorgan has provided financing to both Geo Group and CoreCivic, both of which have run facilities where immigrant families are held after detention at the border....
...The private prison companies cited by activists as Vanguard holdings, GEO and CoreCivic, are headquartered in the United States....
...At CoreCivic, the BPS accounts for only 9 per cent of revenues....
...Geo Group’s shares rose 1.5 per cent in after-hours trading, and shares of CoreCivic – a rebranded version of Corrections Corp of America – were up nearly 3 per cent....
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