FFC SUPPORTS INVESTOR LETTER ON CLIMATE GUIDANCE FOR LARGE BANKS

Friends Fiduciary has signed onto an investor letter to the Federal Reserve Board asking them to finalize the principles for climate-related financial risk management for large financial institutions. Further, investors would like the Federal Reserve Board to consider the potential impact on historically underserved communities, who are more negatively affected from climate impacts. Doing so will “protect consumers and the financial system” as well as “help banks deploy capital in socially productive ways”. This letter was featured in an Americans for Financial Reform web posting found here.