Slides from launch event for CMAP financial systems

1. IT MATTERSWHERE MONEY GOES
It’s import to consider where our money is invested, who provides our financial services, what types of products and services we buy. How can our financial
choices help drive innovation and rapid transition to a renewable, sustainable society?
This area is likely to explore the relationships between organizations and individuals with financial institutions of various kinds:
• Banks
• Insurance
• Pensions systems
• Investments
FINANCE
WHY IT MATTERS FOR CLIMATE
Climate activists who work in this space are concerned about
investments many of the largest lenders, insurance providers
and pension systems make in fossil fuel, tar sands, coal and
oil and gas extraction projects.
In addition to discouraging these undesirable investment
choices, there may be opportunities to encourage those that
are more environmentally and socially compatible with the
Boulder community’s values.

2. TheCity of Boulder has long been a leader in innovative and environmental change, and the area of finance is no exception.
But systemic change means reimagining the underpinning laws, infrastructure and economy of our entire system.The city
will continue to support new ways to solve these grand challenges.
WHEREWE ARE
PUBLIC BANKING AND CREDIT UNIONS
Boulder City Council has indicated its support for state and federal legislation that would provide local governments with
increased options for banking, including both the option to create a public bank, as well as to invest with and receive other
banking services from credit unions insured by the NationalCredit Union Administration.Council’s legislative agenda
included supporting state legislation that would permit cities to bank with credit unions.The city plans to continue to
support these efforts in 2020.
INVESTMENT PORTFOLIO
The city does not utilize any financial firms associated with pipeline construction for any investments and does not invest
any funds into:
• Fossil fuels including pipeline construction and extraction
• Firearms or weapons not used in national defense
• Tobacco companies
POSITIVE IMPACT INVESTING
The city can continue to seek investments with a consideration to the potential positive impact investments can make. In
the past year, the city has purchased a municipal bond issue that was associated with the construction and management of
affordable housing.
The city is looking to further its investment guidelines to incorporate the use of environmental social governance ratings to
ensure we are investing in entities that align with the city’s values.

3. There is a lot of work to be done here – by the city as a local government, but also by other major employers and customers of
financial institutions. We must work together to find solutions to the problems posed by our economic system that will help
create a more just, sustainable society.
GAME CHANGERS
APPROVALOFTHE USE OF A PUBLIC BANK OR CREDIT UNIONS BYTHE STATE OF COLORADO
This could allow the city to bank within our own community with organizations that may more closely align with the city’s values.
REDUCED INVESTMENT IN FOSSIL FUELS BY LARGE FINANCIAL INSTITUTIONS
This would include banks as well as insurers that insure or invest in fossil fuels.This combined with an increased investment in renewable energy by these organizations could be
a significant systemic change.
CONTINUED EFFORTSTO INVEST IN ENTITIESTHAT SUPPORT SUSTAINABLEAND EQUITABLE
RENEWABLE ENERGY
This type of “Green Investment Banking” by both the city and others in the Boulder community could shift the market in ways that make more
sustainable options possible.