Powered by FreeCap's criminal justice data and proprietary rating methodology, the report reveals the top 10 companies leading in fair chance hiring and prison risk mitigation: two key indicators of a company's impact on the criminal justice system. We also highlight the progress these companies have made since 2021 and provide detailed case studies to showcase best practices.

The report also includes insights based on our Prison Vending Relationship dataset that tracks the revenue streams between 3,000 companies and corrections departments across the United States and quantifies how much each company has made since 2019.

Our report reveals that:

• Apple, Target, Intel and Alphabet are some of our top-rated companies for their fair-chance hiring practices and their prison risk mitigation 

• ¼ of companies improved in one or more of the three Prison Risk Mitigation metrics whether by strengthening their Supplier Code of Conduct or decreasing financial transaction amounts with prisons. 

• 98% of the S&P 100 report detailed workforce diversity statistics through an EEO-1, up from 64% in 2021

• 42% of companies have made a public commitment to hiring formerly incarcerated workers, but just 10% of companies have an internal program that recruits formerly incarcerated workers.

Reducing reliance on prison labor and instituting fair chance hiring policies is not just good practice, it also positively impacts companies’ bottom lines. Companies incur an outsized reputational risk by maintaining monetary ties to prisons, and there are strong economic benefits to reducing the barriers to employment for previously incarcerated individuals.

FreeCap’s data allows investors to account for the risk companies incur from being involved in the criminal justice system. With our data, aligning investments with racial equity values has never been easier. Check out our data subscription offering or contact us to learn more.