AB Celebrates Pride Month

Rhea-AI Summary

AllianceBernstein (AB) is celebrating Pride Month with a series of events organized by its Employee Resource Group, ABOut. AB emphasizes its commitment to corporate responsibility, responsible investing, and stewardship, integrating environmental, social, and governance (ESG) factors into approximately 70% of its actively managed strategies. As of March 31, 2024, AB manages $759 billion in assets, with $528 billion ESG-integrated. AB's mission is to help clients achieve their investment goals while promoting diversity, inclusion, and integrity. The firm has been a signatory to the Principles for Responsible Investment since 2011.

Positive

• AB is hosting inclusive events for Pride Month, enhancing its corporate culture.
• Approximately 70% of AB's assets under management integrate ESG factors.
• AB manages $759 billion in assets as of March 31, 2024.
• $528 billion of AB's assets are ESG-integrated.
• AB has been a signatory to the Principles for Responsible Investment since 2011.
• The firm emphasizes diversity, inclusion, and integrity in its corporate values.

Negative

• The press release lacks specific financial performance data.
• There is no mention of recent revenue or profit figures, leaving investors in the dark about financial health.
• The PR does not address any potential risks or challenges facing the company.

NORTHAMPTON, MA / ACCESSWIRE / June 11, 2024 / As PRIDE month begins, AllianceBernstein is proud to honor our LGBTQ+ community and allies. Our Employee Resource Group, ABOut, will hold informative and inclusive events throughout the month. Join us throughout the month of June as we celebrate AB Love Out Loud.

AllianceBernstein

AllianceBernstein (AB) is a leading global investment management firm that offers diversified investment services to institutional investors, individuals, and private wealth clients in major world markets. We believe corporate responsibility, responsible investing and stewardship are intertwined. To be effective stewards of our clients' assets, we strive to invest responsibly-assessing, engaging on and integrating material issues, including environmental, social and governance (ESG), and climate change considerations in most of our actively managed strategies (approximately 70% of AB's total assets under management as of March 31, 2024). We also strive to hold ourselves as a firm to similar practices that we ask of issues. Our stewardship practices, investment strategy and decision-making are guided by our purpose, mission and values.

Our purpose-pursue insight that unlocks opportunity-inspires our firm to act responsibly. While opportunity means something different to each of our stakeholders; it always means considering the unique goals of each stakeholder. AB's mission is to help our clients define and achieve their investment goals, explicitly stating what we do to unlock opportunity for our clients. We became a signatory to the Principles for Responsible Investment (PRI) in 2011. This began our journey to formalize our approach to identifying responsible ways to unlock opportunities for our clients through integrating material ESG factors throughout most of our actively managed equity and fixed-income client accounts, funds and strategies. AB also engages issuers when it believes the engagement is in the best financial interest of its clients.

Because we are an active manager, our differentiated insights drive our ability to deliver alpha and design innovative investment solutions. Material ESG and climate issues are important elements in forming insights and in presenting potential risks and opportunities that can affect the performance of the companies and issuers that we invest in and the portfolios that we build.

Our values provide a framework for the behaviors and actions that deliver on our purpose and mission. Values align our actions. Each value emerges from the firm's collective character-yet is also aspirational.

• Invest in One Another means that we have a strong organizational culture where diversity is celebrated and mentorship is critical to our success. When we invest in one another, we empower our employees to reach their potential, so that they can help our clients realize theirs. This enables us to partner with clients to design and deliver improved investment outcomes.
• Strive for Distinctive Knowledge means that we collaboratively identify creative solutions to clients' economic, ESG and climate- related investment challenges through our expertise in a wide range of investment disciplines, close collaboration among our investment experts and creative solutions.
• Speak with Courage and Conviction informs how we engage our AB colleagues and issuers. We seek to learn from other parts of our business to strengthen our own views. And we engage issuers for insight and action by sharing ideas and best practices.
• Act with Integrity-Always is the bedrock of our relationships and has specific meaning for our business. Unlike many other asset managers, we're singularly focused on providing asset management and research to our clients. We don't engage in activities that could be distracting, or create conflicts-such as investment banking, insurance writing, commercial banking or proprietary trading for our own account. We are unconflicted and fully accountable.

As of March 31, 2024, AB had $759B in assets under management, $528B of which were ESG-integrated. Additional information about AB may be found on our website, www.alliancebernstein.com.

Learn more about AB's approach to responsibility here.

View additional multimedia and more ESG storytelling from AllianceBernstein on 3blmedia.com.

Contact Info:
Spokesperson: AllianceBernstein
Website: https://www.3blmedia.com/profiles/alliancebernstein
Email: info@3blmedia.com

SOURCE: AllianceBernstein

View the original press release on accesswire.com

FAQ

What events is AllianceBernstein holding for Pride Month?

AllianceBernstein's Employee Resource Group, ABOut, is hosting informative and inclusive events throughout June to celebrate Pride Month.

How much of AllianceBernstein's assets are ESG-integrated?

Approximately 70% of AllianceBernstein's total assets under management are ESG-integrated.

What is the total amount of assets managed by AllianceBernstein?

As of March 31, 2024, AllianceBernstein manages $759 billion in assets.

When did AllianceBernstein become a signatory to the Principles for Responsible Investment?

AllianceBernstein became a signatory to the Principles for Responsible Investment (PRI) in 2011.

What is the focus of AllianceBernstein's investment strategies?

AllianceBernstein focuses on responsible investing, integrating ESG and climate change considerations into its actively managed equity and fixed-income strategies.