AllianceBernstein has announced that it aims to achieve net-zero emissions and align its business operations and investments with a 1.5C pathway by 2050.
As part of its net zero strategy AB says it will continue its initiative to locate 85% of employees in green buildings by 2025 and will explore renewable energy options.
On the investment side, AB has collaborated with the Columbia Climate School on climate-policy work in addition to training programs to shape the next generation of professionals striving to address the impact of climate change and develop solutions. In terms of engagement, in 2021 the firm held more than 900 discussions on climate risks, opportunities and other environmental issues.
As part of its net-zero transition plan, AB has joined the Net Zero Asset Managers Initiative, a body of over 270 signatories managing more than $61 trillion of assets under management that’s committed to supporting the goal of net-zero greenhouse gas emissions by 2050 or sooner.
“Our net zero strategy is a result of years of collaboration with peers, clients, issuers and industry leaders,” said Michelle Dunstan, Chief Responsibility Officer at AllianceBernstein. “Research has continually informed our approach, while policy has helped shape our strategy and how we engage on behalf of our clients. AB’s net zero journey is well under way, and we’re excited for its next stage—translating our strategy into a systematic approach to fulfilling our commitment.”