NATIONWIDE — Envestnet is leveraging Worth Rises' data for a new comprehensive investment screen for the prison industry. Based on Worth Rises’ biennial report The Prison Industry: Mapping Private Sector Players, the new screen will help financial advisors divest client portfolios from corporations involved in the prison industry.

“We are thrilled to see investors finally answering the call to divest from incarceration — not just private prisons, but the entire prison industry. We have turned our data into an actionable investment screen that even retail investors can access,” said Bianca Tylek, Executive Director of Worth Rises. “This investment screen goes far beyond where others have stopped — it screens out corporations involved in all aspects of the prison industry from prison construction to electronic monitoring. While the omnipresence of the prison industry means no screen could remove all exposure, this is among the most comprehensive screens for the prison industry available in the investment space. And the implications are huge — more people divesting from the prison industry and working together to dismantle it.”

“We are proud to work with Worth Rises on this important offering. Our prison industry impact overlay screen addresses an area of great concern for many investors. Earlier this year, we reported that Envestnet is witnessing record adoption of ESG and Impact Investing solutions, and every day we’re having conversations with the goal of building out a robust menu of overlays that address the issues our clients care about,” said Kiley Miller, Associate Portfolio Manager, Impact Portfolios at Envestnet | PMC.