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Why It Matters: Barclays Withdraws from a Prison Financing Deal May 10, 2021 Last month the American Sustainable Business Council (ASBC) and Social Venture Circle (SVC) announced that we terminated the membership of and were refunding dues paid by Barclays. This was first-of-its-kind decision for our organizations and one we did not take lightly. This resulted from Barclays’ decision to participate in a prison financing deal in Alabama, which violates our membership criteria by making investments that perpetuate systemic racism and inequity, instead of driving positive change. Barclays may have viewed their role as underwriting the deal as separate from their direct investment in the prison construction or operations; nevertheless, for us, our membership, and the values on which we advocate, we did not distinguish the difference as meaningful. Regardless of any distinction, the outcome of the deal was to be more investment in an unjust incarceration system. Meanwhile, we advoca

United statesState of alabamaChristina hollenbackAlabama department of correctionsWisconsin public finance authorityAmerican sustainable business councilSocial venture circleJustice capitalAlabama departmentWisconsin public financeஒன்றுபட்டது மாநிலங்களில்நிலை ஆஃப் அலபாமாஅலபாமா துறை ஆஃப் திருத்தங்கள்விஸ்கான்சின் பொது நிதி அதிகாரம்அமெரிக்கன் நிலையான வணிக சபைசமூக துணிகர வட்டம்