Published 10-20-22
Submitted by AllianceBernstein
AllianceBernstein published its third Global Slavery and Human Trafficking Statement and Report in September 2022. It serves as an annual progress report describing the actions that we have taken during the year to address modern slavery in our operations, including our supply chain and employees, and our investment processes.
The 2022 Statement details our progress, including last year’s centralized ESG engagement campaign through which AB analysts engaged with 44 unique issuers on the topic of modern slavery. We also outline how we participate in modern slavery working groups and collaborative engagements and have signed important investor statements on the issue. Because we believe being a responsible investor starts with being a responsible corporate, AB identifies potential risks in our own operations. In our 2020-2021 due diligence questionnaire cycle, we mapped vendors’ responses to questions about modern slavery and categorized each vendor based on our analysis of their exposure to modern slavery. AB’s thought leadership on the topic of modern slavery has also grown, publishing several blogs and a white paper on the topic of modern slavery in the past year. AB’s reputation and public recognition as a leader in addressing modern slavery risks has evolved tremendously over the last year from receiving awards to growing participation in collaborative initiatives.
Additionally, the 2022 Statement includes a section on measuring effectiveness of how AB is managing and addressing modern slavery risk. The section includes quantitative statistics on the number of modern slavery engagements we’ve conducted year over year, the number of companies we’ve assigned a risk exposure rating to and our score on the Human Rights Foundation Corporate Equality Index. As of June 30, 2022, we have conducted 126 engagements on the topic of modern slavery cumulatively, we have assigned a risk exposure rating for over 800 companies in total, and we have scored 100% on the Human Rights Foundation Corporate Equality Index for the seventh consecutive year.
Finally, the Statement outlines our future plans in terms of leveraging our proprietary frameworks to consider modern slavery risks in our investments and continuing to research and engage issuers on modern slavery risks. AB’s 2022 ESG Engagement Campaign is focused on “action” engagements, which encourage issuers to set meaningful, measurable goals and targets related to the most material ESG issues to their businesses.
Please see the Slavery and Human Trafficking Statement and Report to learn more about how AB addresses modern slavery in our operations and investments.
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.
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) considerations into most of our actively managed strategies (approximately 79% of AB’s actively managed assets under management as of December 31, 2024).
Our purpose—to pursue insight that unlocks opportunity—describes the ethos of our firm. Because we are an active investment manager, differentiated insights drive our ability to design innovative investment solutions and help our clients achieve their investment goals. 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. Material ESG factors 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. AB also engages issuers when it believes the engagement is in the best financial interest of its clients.
Our values illustrate the behaviors and actions that create our strong culture and enable us to meet our clients' needs. Each value inspires us to be better:
As of December 31, 2024, AB had $792B in assets under management, $555B 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.
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