Profile

FreeCap is an ESG (environmental, social, and governance) research company providing socially responsible investing criteria, data, and reports to investors. We help investors leverage capital markets to dismantle the prison industrial… FreeCap is an ESG (environmental, social, and governance) research company providing socially responsible investing criteria, data, and reports to investors. We help investors leverage capital markets to dismantle the prison industrial complex‚Äîa necessary step to end mass incarceration. There are 2.2 million people incarcerated in the U.S., representing over 20% of the global incarcerated population. This crisis disproportionately impacts Black and Brown communities and the prison industrial complex exacerbates the problem. Companies routinely lobby for policies that lead to higher incarceration rates to secure vending contracts with correction departments, access cheap (or unpaid) prison labor, and maintain monopolies on telephones services. As a result, the prison industrial complex is one of the leading causes of mass incarceration, costing U.S. taxpayers and families of incarcerated loved ones $182B+ annually. To make matters worse, the discrimination formerly incarcerated workers experience in the workplace leads to unfairly high unemployment rates and increases the likelihood of recidivism.
FreeCap offers a data-driven solution to this problem. We monitor companies' supply chain and hiring policies to assess their impact on mass incarceration and rate them based on their performance. Our research highlights industry leaders and exposes those who exacerbate the problem. Our research brings unprecedented transparency to corporate involvement in fair chance hiring and the prison industrial complex and empowers investors to divest from the network of companies who exploit the prison system and instead, invest in companies with ethical business practices.