Fossil Fuel Divestment and Responsible Investing (Part 1)

It was moved and seconded that Council update the current Investment Policy to include the following: “Where possible, socially responsible investing (SRI) and green investing criteria will be applied to the selection of investments. The City’s investment program will consider SRI products that adhere to statutory requirements and meet the objectives laid out in this policy. Organizations that adopt a socially responsible investment platform are preferred. Where SRI and green investments are within 5% of maximum available yields, SRI or green facilities will be exercised.”