The university changed its “Socially Responsible Investing” policy after student-led demonstrators calling for action on the Israeli-Hamas war in the Gaza Strip camped out on Sacramento State grounds for more than a week. announced. The university said the camp is expected to be dismantled on Wednesday and “has developed a policy on socially responsible investing,” the university said in a statement. “We believe it is important that efforts to fund students’ education do not depend on profiting from corporations that profit from ethnic cleansing, genocide, and human rights abuses.” The policy does not specifically target Israel. “It was intentionally intended to highlight the many atrocities and challenges that occur around the world,” Sacramento State said. The encampment began on the morning of April 29, led by demonstrators who identified themselves as members of the Student Movement for Palestinian Justice. On social media, the group called on Sacramento State to disclose its investments in Israel. Demonstrators also called for the entire California State University to divest from Israeli businesses and partnerships, to defend the student movement, and for CSU to declare the so-called genocide in Gaza illegal and indefensible. I also asked them to do something. The latest policy says the university “condemns genocide, ethnic cleansing, terrorism, and any other acts that violate fundamental human rights.” One of the changes is that the university’s foundation will no longer invest in “companies or foundations that profit from genocide, ethnic cleansing, or activities that violate fundamental human rights.” The policy change says the university is “nonetheless” directing the foundation’s finance committee to ensure that its investment portfolio avoids such investments. KCRA 3’s Oluko Manna reported Wednesday that protesters were praising the changes as meeting their demands. “The Sac Government did everything right. This is what they should do,” said Farah, a student demonstrator. “They are on the side of justice and should be applauded for that.” Farrar also said he hopes Sacramento State’s policy change will serve as an example for other schools across the university system. This is just one of the CSUs. On the 23rd, several campuses have already held camps and we expect our administration to follow suit. There is no reason why all other campuses cannot follow suit. Below is the amended portion of the policy posted on Sac State’s website. Presidential Memorandum: Executive Memorandum “CSU Sacramento opposes and condemns all acts of genocide, ethnic cleansing, terrorism, and other activities that violate fundamental human rights. Education and democracy are fundamental, and we unequivocally condemn hatred and bigotry in education.” We support students’ right to participate in peaceful activities without fear for their personal safety. . We understand that people feel anxious and fearful, especially when it comes to standing up for their beliefs. We ensure that CSU Sacramento is a safe and inclusive place for everyone. ” Policy Statement: Overview “CSU Sacramento opposes and condemns genocide, ethnic cleansing, and other activities that violate fundamental human rights.” “Sacramento State University Auxiliaries and Conditions of Good Standing ” Socially Responsible Investing Policy: California State University, Sacramento directs auxiliary organizations, including the University Foundation of Sacramento State (UFSS). ), examine socially responsible investing strategies that include not investing directly in companies or funds that profit from genocide, ethnic cleansing, or activities that violate fundamental human rights. Currently, UFSS does not make direct investments in these areas. Nevertheless, the University has further directed the UFSS Finance Committee and other subsidiary bodies to ensure that the University’s investment portfolio does not include such direct investments. UFSS and other campus auxiliaries have also been directed to examine their socially responsible stance towards indirect investments (index funds, mutual funds, etc.). This stance directs the UFSS and other subsidiary bodies to benchmark these investments with the goal of limiting them to an essential minimum. This shall include an annual review and ongoing monitoring process of assets held. “KCRA 3 is working to confirm whether the university will divest from organizations and companies that support Israel. In response to a question Wednesday afternoon about whether the camp would be removed, Sac State extended the deadline for encampment removal to midnight Wednesday. The protest in Sacramento State is one of several demonstrations. See more of California’s top stories here | Download the app.
The university changed its “Socially Responsible Investing” policy after student-led demonstrators calling for action on the Israeli-Hamas war in the Gaza Strip camped out on Sacramento State grounds for more than a week. announced.
The university said it expects the campground to be demolished on Wednesday.
The university said in a statement that it had “developed a policy on socially responsible investing.” “We believe it is important that efforts to fund students’ education do not rely on profits from corporations that profit from ethnic cleansing, genocide, or human rights violations.”
The Sacramento government said that while the policy does not specifically target Israel, it is “intentionally intended to cover many atrocities and challenges occurring around the world.”
The encampment began on the morning of April 29, led by demonstrators who identified themselves as members of the Student Movement for Palestinian Justice. On social media, the group called on Sacramento State to disclose its investments in Israel.
Demonstrators also called for the entire California State University to divest from Israeli businesses and partnerships, to defend the student movement, and for CSU to declare the so-called genocide in Gaza illegal and indefensible. I also asked them to do something.
The latest policy says the university “condemns genocide, ethnic cleansing, terrorism, and any other acts that violate fundamental human rights.”
One of the changes is that the university’s foundation will no longer invest in “companies or foundations that profit from genocide, ethnic cleansing, or activities that violate fundamental human rights.” The policy change says the university is “nonetheless” directing the foundation’s finance committee to ensure its investment portfolio avoids such investments.
KCRA 3’s Oluko Manna reported Wednesday that demonstrators are celebrating the changes as an answer to their demands.
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“The Sac government has done everything right and this is what they should do,” said Farah, a student demonstrator. “They are allies of justice and should be applauded for that.”
Farrar also said he hopes Sacramento State’s policy changes will serve as a model for other schools across the university system.
“This is just one of the 23 CSUs and several have already camped and they do not expect anything to follow.We hope our administration will lead the way. There is no excuse for all other campuses not to comply with these students’ demands,” Farrar said.
The following is a revised portion of the policy posted on Sac State’s website.
Presidential Memorandum: Executive Memorandum
“CSU Sacramento opposes and condemns genocide, ethnic cleansing, terrorism, and all other acts that violate fundamental human rights.Student protest and political action are fundamental to higher education and democracy, and We unequivocally condemn all forms of hatred and bigotry. We support students’ right to engage in peaceful activities without fear for their personal safety, especially when supporting their beliefs. We understand that you may be feeling anxious and fearful. We ask that everyone do their part to support each other to ensure CSU Sacramento. A safe and inclusive place for everyone. ”
Policies About Policies: Overview
“CSU Sacramento opposes and condemns genocide, ethnic cleansing, and any other act that violates fundamental human rights. CSU Sacramento will not engage in any activity or enter into any agreement that is contrary to these values. .”
Sacramento State Auxiliary Organizations and Requirements for Maintaining Good Standing
“Socially Responsible Investing Policy: California State University, Sacramento requires its subsidiary institutions, including the University Foundation of Sacramento State (UFSS), not to invest directly in companies or foundations that profit from genocide or ethnic cleansing. UFSS does not currently make direct investments in these areas. Nevertheless, the University has further directed the UFSS Finance Committee and other subsidiary bodies to ensure that the University’s investment portfolio is freed from such direct investments. UFSS and other University Subsidiaries have been directed to explore a socially responsible stance towards indirect investments (index funds, mutual funds, etc.), and in this stance, UFSS and other University Subsidiaries have been instructed to You are instructed to benchmark these investments with the goal of not doing so. This includes an annual review of our holdings and an ongoing monitoring process. We pursue a human rights-based approach to investing. ”
KCRA 3 is working to determine whether the university will divest from organizations and companies that support Israel.
The university allowed the camp to remain on campus, provided the protesters behaved peacefully and followed university policies.
Sac County has extended the encampment removal deadline until midnight Wednesday.
On Wednesday afternoon, protesters responded “no comment” when asked if they would immediately clear the encampment.
The protest at Sacramento State is one of several demonstrations taking place on college and college campuses across the country.
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