Why It Matters: Barclays Withdraws from a Prison Financing Deal
By Jeffrey Hollender and Isaac Graves
Jeffrey Hollender, CEO, co-founder & Board Chair of ASBC and Isaac Graves, Interim Executive Director of SVC wrote an op-ed in TriplePundit about the termination of Barclays membership.
“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.”