The GEO Group Publishes First-Ever Human Rights and ESG Report
September 26 2019 - 8:30AM
Business Wire
The GEO Group, Inc. (NYSE: GEO) ("GEO") published today
the company’s first-ever Human Rights and Environmental, Social
& Governance (ESG) report.
The report builds on GEO’s Global Human Rights Policy, adopted
in 2013, by providing disclosures on how GEO informs its employees
of the company’s long-standing commitment to respecting human
rights; the criteria GEO uses to assess human rights performance;
and GEO’s contract compliance program, remedies to shortcomings in
human rights performance, and independent verification of the
company’s performance by third party organizations.
The 77-page publication also addresses criteria, based on
recognized ESG reporting standards, related to the development of
GEO’s employees; the company’s efforts to advance environmental
sustainability in the construction and operation of its facilities;
and GEO’s adherence to ethical governance practices.
In its first ESG report, GEO further highlights the continued
expansion of the GEO Continuum of Care (CoC) program, which was
first piloted by the company in 2015. This industry-leading program
received the ‘Innovation in Corrections’ award from the American
Correctional Association in 2018.
The CoC program integrates enhanced offender rehabilitation,
including cognitive behavioral treatment, with post-release support
services to address basic community needs of released individuals,
including housing, transportation, food, clothing, and job
placement assistance. As of 2019, the CoC program has been
implemented at 18 state correctional facilities and two federal
facilities managed by GEO. By the end of 2020, GEO expects to have
implemented the CoC program at 23 GEO-managed facilities.
2018 GEO Continuum of Care program milestones
- Completed more than 6.7 million hours of rehabilitation
programming
- Averaged approximately 13,000 daily participants in academic
programs
- Awarded 2,779 GEDs and high school equivalency degrees
- Averaged more than 32,000 daily participants in vocational
training programs
- Awarded 9,131 vocational training certifications
- Averaged approximately 18,000 daily participants in substance
abuse treatment programs
- Awarded 8,842 substance abuse treatment program
completions
George C. Zoley, GEO’s Chairman, Chief Executive Officer and
Founder, said: “For more than 30 years, GEO has been a trusted
service provider to federal, state, and local government agencies
in the United States. Our three-decade long journey has been driven
by the daily pursuit of operational excellence across all our
diversified service lines. We recognize that achieving excellence
on a consistent basis requires frequent introspection and a
commitment to taking steps to promote continuous improvement.
"The publication of our first-ever Human Rights and ESG report
is another important step in our company’s commitment to continuous
improvement. We recognize the interest from our stakeholders in
learning more about our company, and we welcome the opportunity to
engage constructively with them, as we further refine our Human
Rights and ESG reporting in the future,” Zoley added.
A copy of GEO’s Human Rights and ESG report can be found at
www.geogroup.com and www.wearegeo.com.
About The GEO Group
The GEO Group (NYSE: GEO) is
the first fully integrated equity real estate investment trust
specializing in the design, financing, development, and operation
of secure facilities, processing centers, and community reentry
centers in the United States, Australia, South Africa, and the
United Kingdom. GEO is a leading provider of enhanced
offender rehabilitation, post-release support, electronic
monitoring, and community-based programs. GEO's worldwide operations include the
ownership and/or management of 133 facilities totaling
approximately 97,000 beds, including projects under development,
with a growing workforce of approximately 23,000
professionals.
Forward-Looking Statements
This press release and GEO’s Human Rights and ESG report
contains certain forward-looking statements based on GEO’s
management’s current assumptions and expectations, including
statements regarding GEO’s goals, commitments, programs and other
business plans, initiatives and objectives. These statements are
typically accompanied by the words “expect,” “may,” “could,”
“hope,” “believe,” “would,” “might,” “estimate,” “anticipate,”
“plan,” “aspire” or similar words. All such statements are intended
to enjoy the protection of the safe harbor for forward-looking
statements provided by the Private Securities Litigation Reform Act
of 1995, as amended. Although GEO believes there is a reasonable
basis for the forward-looking statements made in the report, GEO’s
actual future results, including the achievement of targets, goals
or commitments, could differ materially from the projected results
as the result of changes in circumstances, assumptions not being
realized, or other risks, uncertainties and factors. Such risks,
uncertainties and factors include the risk factors discussed in
Item 1A of GEO’s most recent Annual Report on Form 10-K filed with
the Securities and Exchange Commission (“SEC”) and GEO’s subsequent
Quarterly Reports on Form 10-Q, as well as, with respect to GEO’s
goals and commitments outlined in the report or elsewhere, the
challenges, assumptions, risks, uncertainties and other factors
identified in the report. You should consider the forward-looking
statements in this press release and the report in conjunction with
GEO’s Annual Report on Form 10-K and GEO’s subsequent Quarterly
Reports on Form 10-Q and Current Reports on Form 8-K filed with the
SEC. The forward-looking statements in the report are made as of
the date of the report, unless otherwise indicated, and we
undertake no obligation to update these forward-looking statements
to reflect subsequent events or circumstances.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190926005273/en/
Pablo E. Paez, 1-866-301-4436 Executive Vice President,
Corporate Relations
Geo (NYSE:GEO)
Historical Stock Chart
From Aug 2024 to Sep 2024
Geo (NYSE:GEO)
Historical Stock Chart
From Sep 2023 to Sep 2024