Friends Fiduciary’s Board of Directors has made the decision to exclude fossil fuel companies from all Friends Fiduciary portfolios, including our flagship Growth & Income Fund.
Based on a recommendation from the FFC Investment Committee, this decision was made after careful consideration and is consistent with both the Board’s fiduciary responsibility to our many constituent investors, as well as the Quaker values that Friends Fiduciary reflects in its investment process. Specifics on the new policy exclusion can be found in the public announcement.