City council updates investment policy



City council updates investment policy

The city of Portland’s treasurer submitted a proposal that sought to incorporate principles of socially responsible investing without the needs for a committee, or a ‘do not buy’ list of excluded from potential city investments.
The city of Portland’s treasurer submitted a proposal that sought to incorporate principles of socially responsible investing without the needs for a committee, or a ‘do not buy’ list of excluded from potential city investments. The Alliance supported this investment policy as investments in corporate securities provides better financial returns for the city than available alternatives. Ultimately, city council voted to disallow city investment in any corporate securities.