Kiama Council has developed a new Investment Policy with ethical and environmental investments at the centre. The Draft Investment Policy stipulates Council gives preference to Socially Responsible Investments (SRIs). 

The criteria for an SRI as stated by the Council, require investments to be directed toward socially and environmentally productive activities which include:

· Resource efficiency

· Renewable energy

· Waste and emissions reduction

· Human health and aged care

· Equal opportunity employers

· Provision of affordable housing 

The new policy also requires Council to avoid investing in 

· Production of pollutants, toxins and greenhouse gases

· Habitat destruction

· Nuclear power

· Uranium mining

· Production or supply of armaments

· Alcohol, tobacco or gambling products

Kiama Council states the prohibition on speculative financial products, including derivative based instruments. All investments must meet guidelines on diversification, market liquidity and maturity. 

The Draft Investment Policy is currently on public exhibition until Monday 5 February. For any further information you can head to www.kiama.nsw.gov.au/yoursay.