New investment guidelines aren't "targeted to one nation or people, but to the world," says Sacramento State President Luke Wood. (GV Wire Composite)
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- Sacramento State says it is changing investment guidelines for its auxiliary support groups such as its foundation.
- The policy bans investments that profit from genocide, human rights violations, and ethnic cleansing.
- Sonoma State also announces new policies for investments and says it won't collaborate with Israeli interests.
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Sacramento State says it is changing the guidelines for its auxiliary support groups such as the university’s foundation to ensure that they “investigate socially responsible investment strategies which include not having direct investments in corporations and funds that profit from genocide, ethnic cleansing, and activities that violate fundamental human rights.”
Changes at Sonoma State, Too
In addition, the Press-Democrat in Santa Rosa reported Wednesday that Sonoma State President Mike Lee said in an email to the campus community that the school will disclose university vendor contracts and seek “divestment strategies.”
Lee also said Sonoma State will not pursue formal collaborations “sponsored by, or represent, the Israeli state academic and research institutions.” Sonoma State, he said, will create a curriculum for Palestinian studies and call for a ceasefire in Gaza.
The Power of Pro-Palestinian Protests
The changes at Sacramento State and Sonoma State came after pro-Palestinian protesters set up encampments on university grounds late last month.
“This request mirrors similar policies that many nonprofit organizations, educational institutions, government agencies, healthcare organizations, and other entities have put in place,” Sacramento State President Luke Wood said in a May 9 statement on the university website. “Our policy states that we will not prioritize investments in companies that profit from death and desolation.”
Wood added that the “policy is not targeted to one nation or people, but to the world. We want a world that prioritizes life, humanity, and understanding. We want a world that sees all our students, that hears their voices, and is attentive to their concerns.
“And I want to be clear about one thing we did not do: We did not sign a treaty or agreement with students to close the encampment. You sign a treaty with your enemies, not with your students. We are proud that our students expressed their concerns peacefully and in accordance with our policies. The encampment didn’t disperse because the protestors saw our policies; they left because they saw our hearts.”
Watch: Sacramento State President Luke Wood
Peaceful Protests at Sac State
While demonstrations at UCLA and CSU Polytechnic Humboldt turned violent and resulted in arrests, those at Sacramento State — which ended on Wednesday, May 8 —were peaceful.
California State University officials said in an April 30 statement that the 23-campus system would not “alter existing investment policies related to Israel or the Israel-Hamas conflict.”
Read Wood’ statement at this link.
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