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Resolution Relating resolution DIVESTMENT OF CITY FUNDS, INCLUDING RETIREMENT, FROM FOSSIL FUEL INVESTMENTSSponsor(s): Councilor(s) Stronger, Paul, Hanson, Hightower, Pine, Tracy Introduced: Referred
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How to fill out divestment of city funds

01
Start by gathering all the necessary information and documents related to the divestment of city funds.
02
Review the current investment portfolio of the city to identify the funds that need to be divested.
03
Research and explore alternative investment options that align with the city's goals and objectives.
04
Develop a clear divestment strategy, including the timeline and criteria for selecting new investment options.
05
Communicate the divestment plan to relevant stakeholders, such as city officials, finance department, and investment partners.
06
Begin the divestment process by gradually selling or transferring the funds from the current investment portfolio.
07
Monitor and track the progress of divestment activities, ensuring compliance with legal and financial regulations.
08
Evaluate the impact of divestment on the city's financial performance and make necessary adjustments if needed.
09
Keep stakeholders informed about the progress and outcomes of the divestment process.
10
Regularly review and update the city's divestment strategy to reflect changing priorities and market conditions.

Who needs divestment of city funds?

01
City governments or municipalities that have identified investments incompatible with their values or responsible investment principles.
02
Communities or activists advocating for divestment from specific industries or companies due to ethical, environmental, or social concerns.
03
Investors looking to align their portfolios with sustainable and socially responsible practices.
04
Cities experiencing financial challenges and seeking to optimize their investment returns and risk management strategies.
05
Organizations or individuals promoting energy transition and aiming to divest from fossil fuel-related investments.
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Divestment of city funds is the process of removing investments from certain companies or industries for ethical or financial reasons.
City officials or employees responsible for managing city funds are required to file divestment of city funds.
Divestment of city funds can be filled out by submitting a form provided by the city's finance department with relevant details of the divestment.
The purpose of divestment of city funds is to ensure that city investments align with the values and priorities of the local community.
Information such as the companies or industries divested from, the amount of funds divested, and the reasons for divestment must be reported on divestment of city funds.
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