Divest Philly from the War Machine
We’re campaigning to divest Philly from nukes. The following 5 financial institutions manage the city’s assets: Strategic Income Management, Lord Abbet High Yield, Fiera Capital, Ariel Capital Holdings, and Northern Trust. In total, these asset managers have over $11 billion invested in nukes. We’re urging the Philadelphia Board of Pensions to instruct these asset managers to exclude the top nuclear weapons producers from its holdings. This divestment is of particular relevance, in light of the recent entry into force of the international nuclear ban treaty on January 22, 2021. It is timely for Philadelphia specifically, given the recent passage of a City Council resolution (210010, introduced by CM Katherine Gilmore Richardson), calling on the City of Philadelphia Pension Board to establish and adopt environmental social governance criteria in its investment policy statement.