Title
Subject: Ethical Investment Policy
From: Members Of The Public, Oakland Divest Committee
Recommendation: Adopt A Resolution Of The Oakland City Council (1) To Amend The City Of Oakland Investment Policy To Prohibit Investments Of City Funds Or Holding Any Investment Or Ownership Stake In Any Companies That Facilitate And Enable State Violence And Repression, War And Occupation, And/Or Severe Violations Of International Law And Human Rights. This Includes, But Is Not Limited To: (A) Mass Incarceration And Detention Industries, Including Those Which Use Prison Labor, (B) Security, Defense, And Military Industries, Including Transportation Of Goods, (C) Companies That Facilitate And Enable Violations Of International Law And Human Rights As Part Of The Israeli Occupation Of Palestinian And Syrian Lands And/Or As Part Of Israeli Apartheid;
(2) Directing The City Administrator Or His/Her Designee To Examine The City's Holdings And Future Investments To Assure That The City Complies With This Policy And Set Forth An Implementation Plan Shared At The First Finance Meeting In May 2027;
(3) Directing The City Administrator To Send A Copy Of The Resolution To Governmental Retirement Systems And Local Jurisdictions To Adopt A Similar Investment Policy; On The October 13, 2026 Finance And Management Committee Agenda