Sudan Divestment Task Force

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Actor Don Cheadle joined hundreds of students at the University of California in support of targeted Sudan divestment. In March, 2006, the University restricted holdings in nine "offending" companies.

Contact us at:

Info@SudanDivestment.Org

Click here to donate to the Sudan Divestment Task Force

Pro Bono Legal Counsel from
Cooley Godward Kronish LLP

Analytical support from
Calvert

In partnership with
Sudan Divestment UK

In partnership with
STAND

Welcome to the Sudan Divestment Task Force

As the coordinating entity for the targeted Sudan divestment movement, the Sudan Divestment Task Force (SDTF), a project of the Genocide Intervention Network, provides support for individuals, public fiduciaries, asset managers and government officials who are participating in targeted Sudan divestment campaigns around the world. With pro bono legal support from Cooley Godward Kronish LLP and analytical support from the Calvert Group, SDTF has developed a unique and financially sound approach to shareholder engagement and divestment, focusing efforts on the most problematic and risk prone companies in Sudan. This approach, termed targeted Sudan divestment, recently was authorized by the United States government. It helps to maximize impact on the Sudanese government while minimizing potential harm to both innocent Sudanese civilians and investment returns. SDTF also provides company research and corporate engagement assistance to thousands of fiduciaries worldwide, representing more than US $3 trillion in total assets. To learn more about the SDTF model of targeted divestment, click here.

Download a one-page information sheet on the Sudan Divestment Task Force.

To get involved in the campaign and to personally divest from Sudan, click here.

Key Reports

Report	Last Update
Sudan Company Report	4/11/2008
Targeted Divestment Model	1/8/2008
Sudan Divestment Resource Guide	3/21/2008

For a list of companies that warrant scrutiny:

Click here to download the Sudan Company Report

Interactive State of Divestment Map

For information on Sudan divestment internationally, click here

Instructions: Click on a state or campaign to find more information, take action immediately, and sign up for future action alerts! To zoom in, click and drag your cursor to create a box around the region | Zoom Out

Click here for the 2008 Targeted Sudan Divestment Legislative Chart

Click here for the 2007 Targeted Sudan Divestment Legislative Chart

And here for current Sudan Divestment Campaign Statistics

Latest Announcements

Petrofac takes substantial action in Sudan - 5/11/08
Petrofac, a London-based oilfield services company, has committed to taking substantial action in Sudan and has been moved off the "Highest Offenders" category of the Sudan Divestment Task Force's Sudan Company Report. The company has implemented a robust corporate policy in the country, including a full Human Rights Impact Assessment of its operations and meetings with the Government of Sudan and business partners to discuss the political and humanitarian situation in the country. A complete profile of Petrofac and other companies operating in Sudan can be found in the Sudan Company Report.

Since the spread of the targeted Sudan divestment movement, at least eleven companies have either ceased operations in Sudan or significantly changed their behavior in the country.

T. Rowe Price sheds PetroChina stock - 4/11/08
T. Rowe Price has sold 55 million shares of PetroChina and has adopted a policy for analyzing risks and engaging with companies with business ties to Sudan. In a statement to Bizjournals, T. Rowe Price chairman, Brian Rogers, stated: "We do believe there's some link between a company's performance as a corporate citizen and its performance over time."

In August 2007, the Genocide Intervention Network, Amnesty International USA Business & Human Rights, and Calvert assembled a coalition of investors to file shareholder resolutions at six financial institutions (Citibank, JP Morgan Chase, Merrill Lynch, Morgan Stanley, T. Rowe Price, and Wells Fargo) calling on the institutions to adopt policies and procedures for investments linked to countries where genocide or mass atrocities are occurring. The resolutions have been withdrawn at Merrill Lynch, T. Rowe Price and Morgan Stanley for complying with the coalition's requests.

Click here for more information on the Genocide Intervention Network�s shareholder resolution campaign and other campaigns for mutual funds shareholders.

European Union divests from PetroChina over Sudan - 3/17/08
The Members of the European Parliament�s (MEP) pension fund has divested from PetroChina, the listed arm of China National Petroleum Corporation, Sudan's largest oil partner. PetroChina was the only company on the Sudan Divestment Task Force's Highest Offenders list owned by the pension fund (click here for a full list of Highest Offenders). MEP Glenys Kinnock, stated, "The sale of the stockholdings in PetroChina sends a very clear signal that the European Parliament abhors that company's links with a regime which does little to end the violent conflict in Darfur."

The European Union�s move follows PGGM�s recent decision to divest from PetroChina. PGGM is one of the largest public pension funds in Europe. The fund made the decision to sell PetroChina after extensive efforts to engage the company over Sudan failed. According to published reports, the sale marks the first time a Dutch pension fund has decided to act against a Chinese oil operator.

While PetroChina is connected to Sudan through its parent company, PGGM notably stated that "ownership, governance and financial streams between CNPC and PetroChina overlap to such an extent that PGGM regards both organizations as a single entity."

Arizona divests from Sudan! - 3/10/08
Arizona Governor Janet Napolitano has signed Sudan divestment legislation based on the Sudan Divestment Task Force's targeted model. The legislation also prohibits companies operating in Sudan's military, oil, mineral extraction and power sectors from receiving state contracts. House Bill 2705, sponsored by Rep. Kyrsten Sinema of Phoenix, is the first bill the governor has signed into law in the 2008 legislative session. Click here for a press release.

Arizona is the twenty-fourth state to adopt a divestment policy from Sudan and the first state in 2008. Sixteen of these states have passed the Sudan Divestment Task Force model of targeted Sudan divestment. Arizona is also the first state to pass a prohibition on contracts with companies operating in Sudan. Click here for more statistics on the Sudan divestment movement.

Sudan Divestment Task Force announces Sudan-Free indices - 1/7/08
The Sudan Divestment Task Forces has chosen MSCI Barra (NYSE:MXB), a leading provider of investment decision support tools worldwide, including indices and risk and return portfolio analytics, to calculate a series of custom indices that exclude the Sudan Divestment Task Force's list of Highest Offenders in Sudan from several standard MSCI Indices. For more information on problematic companies operating in Sudan, click here.

The custom indices are based on the MSCI EAFE, MSCI Emerging Markets, and MSCI All Country World ex US Indices. Click here for a press release.

President Bush signs the Sudan Accountability and Divestment Act into law! - 12/31/07
U.S. President George W. Bush has signed the Sudan Accountability and Divestment Act into law. This robust new Darfur legislation, which passed both chambers of Congress unanimously, authorizes state and local governments to divest from companies that support the Khartoum government at the expense of marginalized populations in Sudan and prohibit federal contracts with those companies.

Read older announcements...

SudanDivestment.org was a gift by
Josef Scarantino of Voice of Sudan