This proxy season Friends Fiduciary’s shareholder engagement work has focused on environmental, social, and governance issues. Friends Fiduciary Corporation (FFC) continues to prioritize diversity, equity, and inclusion, proposing inclusive board refreshment policies, racial equity audits, and disclosure of workforce diversity.
FCC urges pharmaceutical companies to allow timely generic competition to avoid inflating drug prices for consumers and healthcare providers.
Friends Fiduciary calls on companies to set science-based targets and develop climate transition action plans aligned with limiting a global temperature increase of 1.5 degrees Celsius. It also supports political contribution disclosures and is concerned about human rights abuses in technology supply chains, particularly human rights impacts from end use of company products.
Like its shareholder engagement work advancing Quaker values and testimonies, Friends Fiduciary offers a range of philanthropic services in support of Friends organizations. In 2023, the online giving program continued to grow, facilitating more than $84,000 in donations to benefit Quaker organizations. Friends Fiduciary serves as trustee for many granting funds, some of which provide discretion in how those funds may be used.
As a grant-making institution, last year Friends Fiduciary awarded over $200,000 that supported 24 initiatives benefiting Quaker organizations across the country. When making funding determinations, FFC prioritizes organizations and projects that support diversity, equity, and inclusion.
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