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Committee backs resolution urging ethical investment, calls for divestment from firms linked to human‑rights abuses
Summary
The Budget & Public Employees Committee voted to pass Resolution 136, a nonbinding request that the Employees Retirement System trustees ensure city investments are not held in companies identified by advocates as complicit in human‑rights abuses. The vote followed hours of public testimony from residents, faith groups and advocacy organizations.
On Nov. 5 the Budget & Public Employees Committee passed Resolution 136 with a do‑pass recommendation, a nonbinding measure urging the Board of Trustees of the Employees Retirement System to ensure city retirement investments are not held in companies identified by the American Friends Service Committee as complicit in human‑rights abuses.
Sponsor Alderman Aldridge framed the resolution as aligning the city’s investments with statements the Board of Aldermen made in…
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