Boulder City Council Implements SRI Criteria, Reviewing Corporate Bond Holdings
What happened
The Boulder city council adopted Socially Responsible Investment (SRI) criteria to guide city investments. These criteria exclude firms related to mass incarceration, fossil fuels, tobacco, and certain weapons. Currently, six of the city's twelve corporate bond holdings appear to violate these SRI screens.
From dailycamera.com
Why it matters
The policy requires the city to ensure its corporate bond holdings comply with specific ethical standards, prioritizing ethics over profitability. The city must now review and potentially divest from corporate holdings that do not meet the established criteria.
Boulder, located in Colorado, is holding municipal elections for its city council.
From dailycamera.com
Who's involved
- BoulderThe city where the council operates and manages the investment portfolio
- city councilThe legislative body that implemented the SRI investment policy
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- MicrosoftSpeculative
Microsoft might face scrutiny regarding potential investment opportunities or holdings by the city council
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The entities involved
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Boulder
city in and county seat of Boulder County, Colorado, United States
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city council
legislative body that governs a city, municipality or local government area