District of Columbia Retirement Board has prohibited personal prison-related investments.
The $10.1 billion pension fund’s board voted at its April 22 assembly to ban “any direct funding within the shares, securities or different obligations of sure firms, that are within the enterprise of constructing or working personal prisons, correctional/detention amenities,” not too long ago launched assembly minutes present.
Seven of the ten trustees voted for the measure, with the remaining voting no towards the measure as a result of lack of study and authorized evaluate. The minutes additionally famous that DCRB doesn’t at present have any direct investments in a majority of these shares.
Karen Hsu, interim govt director, couldn’t be instantly reached for additional data.