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Albany City Council adds human-rights language to ESG value statement in investment policy
Summary
The council voted to add a value statement on environmental, social and governance investing to the city—s investment policy, approving an amendment to include consideration of broadly recognized human-rights standards while deferring implementation detail to staff and advisers.
Albany City Council on a unanimous vote approved adding a value statement to the city—s investment policy that formally recognizes environmental, social and governance (ESG) criteria as one factor in investment decisions.
Finance Director Rainer Schwartz told the council the move follows the council—s September decision to adopt implementation criteria and a subcommittee—s follow-up work. "ESG, environmental, social, and governance, allows for including the…
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