By Kevin Kruse - Contributor, CEO of LEADx and author of Great Leaders Have No Rules.
Published 04-18-22
Submitted by AllianceBernstein
Originally published on January 11, 2022 by Forbes
Some problems are daunting, but if solved they generate a huge return. For example, how can you scale inclusive behaviors? How can you combat the Great Resignation? Is it possible diversity initiatives can actually help you to land new clients? AllianceBernstein, more commonly known as “AB,” is solving those challenges.
AB is a leading global investment management firm with over $740 billion in assets under management. They offer a wide variety of investment services to everyone from institutional investors to individuals and private wealth clients in 26 different countries. With approximately 4,000 employees, including 900 people managers, spread across 51 locations AB has had to learn how to operationalize its diversity and inclusion strategy at scale.
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Originally published on January 11, 2022 by Forbes
AllianceBernstein (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. 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. We also believe that being a responsible firm allows us to be more responsible investors. 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 that go beyond the desire for financial returns. AB’s mission is to help our clients define and achieve their investment goals, explicitly stating what we do each day to unlock opportunity for our clients. We became a signatory to the Principles for Responsible Investment (PRI) in 2011. This formalized our commitment to identify responsible ways to unlock opportunities for our clients through ESG integration in most of our actively managed equity and fixed-income client accounts, funds and strategies.
Because we are an active manager, our differentiated insights drive our ability to deliver alpha and design innovative investment solutions. ESG and climate issues are key elements in forming insights and in presenting potential risks and opportunities that can have an impact on 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. Each value challenges us to become a more responsible version of AB.
As of December 31, 2022, AB had $646B in assets under management, $445B of which were ESG-integrated. Additional information about AB may be found on our website, www.alliancebernstein.com.
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