Earlier this year, in the aftermath of the Marjorie Stoneman Douglas High School shooting, faith-based investors were called to speak out. Friends Fiduciary, along with other investors with assets under management totaling $634 billion, signed onto the Investor Statement on Gun Violence. The Statement called for action from gun manufacturers, distributors and retailers, and financial institutions to act to end the epidemic of gun violence in the United States. Read the letter here for more information on what investors are asking companies to do.
As witness to the Quaker testimony of peace, Friends Fiduciary does not invest in any companies that manufacture weapons. We’ve taken action in other ways, sending a letter to FedEx asking them to review potential risks of their affiliation with the National Rifle Association, and have engaged in dialogue with Visa regarding their exposure from gun sales on their platform.