FFC Supports Letter to Fed on Climate Guidance for Large Banks

Friends Fiduciary has signed onto an investor letter to the Federal Reserve’s board requesting the Fed to finalize the principles for climate-related financial risk management for large financial institutions and to consider the potential impact on historically underserved communities, who are more negatively affected by 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 AFR article found here.