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Council backs Sacramento investment policy, directs treasurer to return with socially responsible language
Summary
The City Council approved the annual City of Sacramento investment policy (Pool A) on the consent calendar and directed the city treasurer to return with proposed edits adding a socially responsible investment (SRI) section reflecting council values.
The Sacramento City Council approved the City of Sacramento—s annual investment policy (Pool A) on the consent calendar Tuesday and directed the city treasurer to return with a proposed socially responsible investment (SRI) section to be considered for a future update.
Councilmember Mai Vang led the discussion on Item 2 and said she intends to vote for the policy as presented but asked the treasurer to prepare a draft amendment that would insert an SRI section reflecting the city—s values. Vang noted prior informal divestments from fossil fuel and tobacco and…
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