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Subcommittee continues review of socially responsible investment options for city portfolio
Summary
Commissioners reported continued engagement with community members and the city’s investment manager (PFM) to evaluate socially responsible investment (SRI) criteria and possible changes to the City of Davis investment policy; staff will collect additional PFM detail and prepare a memo for the commission.
A Fiscal Commission subcommittee provided an update on its ongoing review of socially responsible investment (SRI) practices and their applicability to the city’s portfolio. The subcommittee said it has reached out to community members and several Northern California cities and received preliminary responses.
The subcommitt…
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