Action Center on Race and the Economy Institute

For General Operating Support

  • Amount
    $150,000
  • Program
  • Date Awarded
    9/24/2021
  • Term
    12 Months
  • Type of Support
    General Support/Organization
Overview
The Action Center on Race and the Economy (ACRE) Institute operates at the intersection of racial justice and Wall Street accountability. The institute’s work is focused on the role of financial firms in creating, exacerbating, and profiting from racial and economic inequality. ACRE provides research, communications, and strategic support for organizations working on campaigns to win structural change, supporting them in directly challenging the corporate actors that are responsible for pillaging and profiting off of crises in communities of color. The organization focuses on climate change and environmental racism, technology and surveillance, policing and incarceration, public services, Islamophobia, housing, and financial services.
About the Grantee
Address
1901 West Carroll Avenue, Chicago, IL, 60612, United States
Grants to this Grantee
for general operating support  
The Action Center on Race and the Economy (ACRE) Institute operates at the intersection of racial justice and Wall Street accountability. The institute’s work is focused on the role of financial firms in creating, exacerbating, and profiting from racial and economic inequality. ACRE provides research, communications, and strategic support for organizations working on campaigns to win structural change, supporting them in directly challenging the corporate actors that are responsible for pillaging and profiting off of crises in communities of color. The organization focuses on climate change and environmental racism, technology and surveillance, policing and incarceration, public services, Islamophobia, housing, and financial services.
for climate-friendly passive asset management regulatory reform  
The Action Center on Race & the Economy, in partnership with Americans for Financial Reform Education Fund, the Public Accountability Institute, and Bargaining for the Common Good, seeks to direct heightened attention to the issues with fiduciary duties, and the changes that should be made to modernize them and better align them with other advanced economies, especially with regard to integration of climate-focused ESG factors. The center will educate investors about climate-friendly ESG funds, push regulators to require fiduciaries responsible for overseeing retirement accounts and other investments to integrate climate-related risks and opportunities into their investment decisions, produce a robust report on the investment of major asset managers in high carbon emitting corporations, and make genuinely climate-friendly ESG funds more readily available to customers. (Substrategy: Climate Finance)
for development of a U.S. climate finance regulatory program  
The Action Center on Race and the Economy Institute (ACRE Institute) drives campaigns that seek to win structural change to extractive financial practices that have harmed communities of color and poor families for generations. ACRE Institute is proposing to fill an urgent need in the U.S. climate financial regulation space for a racial and economic justice-led analysis, including through engaging financial and climate justice organizations to develop and advocate for climate finance regulatory changes. (Substrategy: Climate Finance)

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