At its most recent meeting December 6, 2010, the Brown University Advisory Committee on Corporate Responsibility in Investment Policy (ACCRIP) unanimously recommended that Brown, a current investor in HEI Hotels and Resorts, should not further invest in the company in the future, until HEI proves it meets Brown’s ethical standards for investment. ACCRIP has previously advised against investment in tobacco companies and companies that support and profit from genocide in Sudan, and all of its recommendations have been implemented in the past.
The decision to divest comes after years of organizing by students affiliated with the Brown Student Labor Alliance, one of a number of campus groups nationwide organizing for university divestment from HEI Hotels. HEI Hotels and Resorts, one of the fastest growing national hotel management companies, raises funds largely from the investments of prestigious universities.
For more information, visit HEIWorkersRising.org