FFC Advocates For Change At PNC Bank

In our ongoing engagement with PNC Bank regarding their financing of coal companies doing mountain top removal mining, Friends Fiduciary recently co-filed a shareholder resolution. Click here to see the resolution which seeks an assessment of greenhouse gas emissions resulting from their lending portfolio.  As part of the process, companies can seek permission from the SEC to exclude resolutions from the proxy.  PNC’s recent effort to seek such permission on our resolution was just rebuffed by the SEC.  Click here for the press release from the lead filer, including a quote from FFC Executive Director, Jeff Perkins. For L.A. Times article on this resolution click here.