OUR ACTIVISM
As impact investors, capital is our primary organizing tool. However, we believe that achieving social equity and sustainability requires political and cultural change right alongside economic change — which in turn take both time and money.
While our advocacy work covers many social issues, recently Candide Group has been especially recognized for our work addressing the private prison industry’s role in family separation and mass incarceration. We are extremely proud of our work as part of the Families Belong Together Coalition, which helped highlight the role of consumer-facing banks in the private prison industry, and opportunities to engage in social investing as an alternative to making money off of locking people up for profit.
In response to our ongoing advocacy — and strong beliefs in favor of ending profiting off of incarceration and immigrant detention — a private prison company filed a lawsuit against both Candide Group and Founding Partner Morgan Simon, claiming that certain of our statements on Forbes.com regarding their involvement in family detention and lobbying activities were “defamatory.”
We are pleased to share that with the great legal counsel of Davis Wright Tremaine, we won dismissal of this case and have issued a press release about its significance. We look forward to continuing to share links between finance and social justice, as part of Candide Group's broader commitment to changing the culture of money.