NEW YORK, July 29, 2015 /PRNewswire/ -- AllianceBernstein
L.P. ("AB"), a leading global investment management firm, today
released its inaugural Corporate Responsibility report showcasing
AB's longstanding commitment to responsible corporate behavior.
The report outlines the firm's efforts to build a diverse and
inclusive workforce, engage local communities, reduce its
environmental footprint, ensure the sustainability of its
operations and enhance the integration of environmental, social and
governance (ESG) issues in its investment processes.
"This report marks an important next step in our commitment to
meet the highest standards of corporate responsibility to our
employees, our clients, the environment and the communities in
which we live," said Peter Kraus,
Chairman of the Board and Chief Executive Officer at AB.
"Ultimately, corporate responsibility resides in every individual
of a company and at AB we're vigilant about building a rich and
effective culture of corporate responsibility," Kraus
continued.
Highlights from AB's 2014 Corporate Responsibility report
include:
- AB and AB's employees collectively donated more than
$7 million and thousands of hours to
more than 1,800 charities around the world.
- The firm recycled nearly 350 tons of paper between January 2014 and March
2015 – equivalent to 5,800 trees.
- AB's 16 Employee Resource Groups (ERGs) hosted 46 events with a
combined participation of more than 800 employees.
- Approximately half of AB's 2014 summer interns were female,
many of them from multi-cultural backgrounds.
- AB enhanced the integration of ESG issues into its investment
process through educational sessions such as "Investing in
Conservation."
- AB appointed an ESG analyst and heightened its level of
engagement with even more companies on ESG issues.
- On Twelve, AB's NYC corporate dining facility, earned 4 out of
4 stars from the Green Restaurant Association, one of only three in
the U.S. to receive this top ranking.
To view the full report, visit
https://abglobal.com/corporate/our-firm/corporate-responsibility.htm
About AB
AB is a leading global investment management
firm that offers high-quality research and diversified investment
services to institutional investors, individuals and private wealth
clients in major world markets.
As of June 30, 2015,
AllianceBernstein Holding L.P. owned approximately 36.9% of the
issued and outstanding AB Units and AXA, one of the largest global
financial services organizations, owned an approximate 62.7%
economic interest in AB.
Additional information about AB may be found on our
website, www.abglobal.com.
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SOURCE AllianceBernstein