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Emeryville council adopts annual investment policy with ESG exclusions; staff to provide policy redline
Summary
The council adopted the annual statement of investment policy and delegated authority to the finance director; staff noted the policy contains a Sustainable and Responsible Investing section that excludes tobacco, weapons production and fossil fuels and will share the redline and peer comparisons on request.
The Emeryville City Council voted unanimously to adopt the city—s annual statement of investment policy and to delegate authority to the finance director, after a short discussion about socially responsible investing provisions.
Council Member Pryfors asked whether the city—s policy explicitly limits investments in institutions involved in "harmful industries," citing the need to compare…
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