Investors concerned that their investments do not align with their values can use a new tool to see if they are inadvertently profiting off of private prisons and border control industries.
The free Prison Free Funds tool from As You Sow, a nonprofit that promotes corporate social responsibility, tells users if a mutual fund or ETF is invested in companies that profit off of prisons and prison labor, as well as companies profiting off of the immigrant detention centers at the border.
As You Sow already offer tools to screen mutual funds and ETFs for investments in fossil fuel, gun and tobacco companies and manufacturers; another tool from As You Sow rates companies on gender equity. The Prison Free Funds tool has been in the works for a while, but it was fast tracked after the killings of George Floyd and Breonna Taylor by police and subsequent protests against police brutality across the nation, Andrew Behar, CEO of As You Sow, tells CNBC Make It. Read Full Article - CNBC, August 12, 2020