Business Quote by Anonymous
““the investment pullback came after Portland leaders determined the mega-retailer is “not a socially responsible company.” Portland had about $36 million invested in Walmart, or about 2.9 percent of the city’s investment portfolio. The city announced Thursday that it would be free of all remaining holdings by 2016. The move was preceded by Portland’s adoption of socially responsible investment protocol in October 2013. Portland Commissioner Steve Novick has advocated ending involvement with Walmart based on the retailer’s “controversial business and labor practices,””
About This Quote
Source News: Portland City Council Press Release, 2015
Portland decided to divest from Walmart because it deemed the retailer socially irresponsible, aiming to align investments with ethical standards.
In simple terms: Portland sold its Walmart shares to follow ethical investing.
Key Takeaway
Divest to match values.
Themes
ethics
investment
corporate responsibility
public policy
Mood
concerned
determined
Type
policy
activist
When to use this quote
- city budgeting
- public pension management
- activist campaigns
Key Concepts
socially responsible investing
corporate governance
Questions to Reflect On
- How do you balance financial performance with ethical concerns?
- What alternatives exist for influencing corporate behavior?
A Different Perspective
Divestment may reduce financial returns or limit influence over corporate change.
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