Portland is not only discontinuing its investments in Walmart, but has set up a committee to advise it on making socially responsible investments in the future. The committee will address issues like abusive labor practices, corruption, and health concerns, among other things.
Meanwhile, the company's net income fell 5 percent, and shares fell 2 percent, in the first quarter of 2014, failing to meet Wall Street's expectations for the third time in five quarters.
Walmart blamed its poor performance on bad weather.
A version of this piece was originally published on Yes! Magazine.