Adopt revised investment policy with social responsibility restrictions
In Plain English
Richmond updated its investment policy in December 2024 to ban investing city money in companies that make weapons, surveillance equipment, or profit from mass incarceration. The city asked its investment managers to follow these new rules. Most said they cannot accommodate the restrictions because they manage pooled funds for multiple clients.
Auto-generated summary. Source: official agenda documents.
Community Discussion
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Similar Discussions
5 related items found by meaning
Update investment policy with California Municipal Treasurers Association recommendations
Add restrictions to city investment policy to avoid funding violence and war
Approve investment policy for managing city funds
Adopt formal policy governing how the city invests public money
Approve updated city investment policy for managing public funds
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