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Alliance Bernstein

PRI reporting framework 2018

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Promoting responsible investment

SG 09. Collaborative organisations / initiatives

New selection options have been added to this indicator. Please review your prefilled responses carefully.

09.1. Select the collaborative organisation and/or initiatives of which your organisation is a member or in which it participated during the reporting year, and the role you played.

Select all that apply

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Our Head of Responsible Investment was on the PRI’s Reporting and Assessment Advisory Committee until November 2017 when she became a member of the Regulatory and Policy Committee. We are a co-lead in the PRI-initiated collaborative engagement on human rights in the extractives industry. We attended a variety of PRI-sponsored events throughout the year, with one of our Head of RI attending the PRI annual conference.

 

 

 

 

 

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

We became an investor signatory in 2015 and participate in thought leadership events.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

We are an educational sustainer member of the CII.  We attend their meetings and participate in teleconferences on proxy-related issues and share our insights. Our Head of Responsible Investment was a member of the Corporate Governance Advisory Council in 2015. 

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

We are a member of ICGN and attend their conferences. In October 2017 the Head of Responsible Investment was appointed to ICGN’s Board Governance Committee.

          US SIF
        

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

US SIF:   We attended the USSIF Conference.

 

 

          SASB
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Our Head of Responsible Investment passed the FSA Level 1 exam administered by SASB. We reference the work done by SASB in building out our own reference documents for our analysts. We maintain an open dialogue with SASB regarding the evolution of its disclosure standards. In 2017, 15 of AB's research analysts provided industry-level feedback during the standards consultation process.

          Japan "PRI” (Principles for Financial Action for the 21st Century)
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

We are a member of the working group on Asset Management, Securities, and Investment Banks.

          Climate Bond Initiative
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

AB is a partner of the Climate Bond Initiative. We support the efforts of the CBI via our annual fees, and also participate in various events sponsored by the CBI. For example, an AB team member participated in the “Future of Green Bonds Roundtable” hosted by the CBI in Washington, DC in October 2016. An AB team member was also a member of the CBI’s advisory panel for their early 2017 Green Bond Pioneer Awards.

          Catalytic Financing Initiative
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

AB is a partner of the Catalytic Finance Initiative (CFI).  The CFI is a group of leading global financial institutions—investment banks, asset managers, multilateral banks, and other organizations—that have committed to deploy $8 billion to high-impact sustainable investments over the coming years.  


SG 09.2. Assets managed by PRI signatories (Not Applicable)


SG 10. Promoting RI independently

10.1. Indicate if your organisation promotes responsible investment, independently of collaborative initiatives.

10.2. Indicate the actions your organisation has taken to promote responsible investment independently of collaborative initiatives. Provide a description of your role in contributing to the objectives of the selected action and the typical frequency of your participation/contribution.

Description

          AB hosted an Impact Symposium in Boston, Philadelphia, Burlington, San Francisco. AB also hosted Responsible Investing in Action event in Cleveland, Los Angeles, California, West Palm Beach and Florida.
        

Frequency of contribution

Description

          In 2017, 15 of AB's research analysts provided industry-level feedback to SASB during the standards consultation process.
        

Frequency of contribution

Description

          We often speak at industry events. Below a selection of events where we were panellists or speakers:

•	September 2017: ETF Asia Summit 
•	July 2017: Hofstra Executive MBA Lecture on Impact Investing/Green Bonds
•	July 2017: Big Path Capital: Nantucket Impact Capitalism Summit – Sustainability & Impact:  Can They Co-Exist for Market Return? 
•	July 2017: Big Path Capital: Nantucket Impact Capitalism Summit – Impact in Action
•	June 2017: Financial Women’s Association – Green Bonds: Financing a Low Carbon Future 
•	February 2017: CFA Society New York (CFANY) Green Bonds Investment Outlook 
•	January 2017: US Business Council for Sustainable Development/Duke University Fuqua School of Management – “Attracting Capital
        

Frequency of contribution

Description

          We have published a number of Blogs related to responsible investment topics.  Some examples of these blogs are listed below and can be found on our company website:

•	Better than a benchmark: grassroots research (December 2017)
•	Fighting global poverty with equity investment (November 2017)
•	Has the climate changed for sustainable investing (June 2017)
•	UN Sustainable Development Goals: a road map for impact investing (February 2017)
        

Frequency of contribution

Description

          We speak to investment manager who are considering becoming a PRI signatory.
        

Frequency of contribution

Description

          April 2017: We provided feedback to the Australian Financial Service Council on FSC Standard 23: Principles of Internal Governance and Asset Stewardship. 

April 2017: Senior Portfolio Manager became a committee member of the Hong Kong Securities and Futures Commission's (the HK exchange) Public Shareholders' Group, which meets once a quarter to discuss shareholder rights and issues.
        

Frequency of contribution

Description

          Our Head of Responsible Investment was on the PRI’s Reporting and Assessment Advisory Committee until November 2017 when she became a member of the Regulatory and Policy Committee.
        

Frequency of contribution

Description

          •	October 2017: The Head of Responsible Investment was appointed to ICGN’s Board Governance Committee
•	July 2017: ESG analyst was nominated to Impact Investing Working Group of the Australian Financial Services Council
•	April 2017: Senior Portfolio Manager became a committee member of the Hong Kong Securities and Futures Commission's (the HK exchange) Public Shareholders' Group, which meets once a quarter to discuss shareholder rights and issues.
        

Frequency of contribution

10.3. Describe any additional actions and initiatives that your organisation has taken part in during the reporting year to promote responsible investment [Optional]

Below are the highlights of some of the variety of ESG-related initiatives AB has led or participated since January 1, 2017:

  • October 2017: ESG Analyst attended 2017 Climate Change Investment and Finance Summit, Melbourne
  • September 2017: Head of Responsible Investment attended PRI in Person in Berlin.
  • July 2017:   ESG Analyst attended International Corporate Governance conference in Kuala Lumpur.
  • June 2017:   Head of Responsible Investment attended various events around Women in Governance week in London
  • May 2017:   Governance analyst attended Council for Institutional Investor conference
  • January 2017: A Senior Portfolio Manager was a member of the CBI’s advisory panel for their Green Bond Pioneer Awards.

Additionally, on an ongoing basis, members of AB continue to participate in a variety of industry initiatives, including:

  • RI Europe & US, US SIF, ICGN conferences, PRI sponsored events, Asia Sustainable Investment Forum, and other responsible investment related industry events around the globe.
  • The Head of Responsible Investment is a member of the PRI's Reporting and Assessment Advisory group.
  • Our ESG Analyst is a co-lead on a PRI-sponsored collaborative engagement on human rights in the extractives industry.

Members of our Responsible Investment Committee routinely explore ways AB can become further involved in matters relating to the support of sustainable investing. We would be pleased to provide additional details on our developments with ESG principles and guidelines if requested.


SG 11. Dialogue with public policy makers or standard setters

11.1. Indicate if your organisation - individually or in collaboration with others - conducted dialogue with public policy makers or regulators in support of responsible investment in the reporting year.

11.2. Select the methods you have used.

11.3. Where you have made written submissions (individually or collaboratively) to governments and regulatory authorities, indicate if these are publicly available.

11.4. Provide a brief description of the main topics your organisation has engaged with public policy-makers or regulators on.

We have engaged with public policy-makers or regulators on a variety of issues:

  • May 2017: We provided public comments on Japan stewardship code during the consultation period
  • April 2017: We provided feedback to the Australian Financial Service Council on FSC Standard 23: Principles of Internal Governance and Asset Stewardship.
  • April 2017: Senior Portfolio Manager became a committee member of the Hong Kong Securities and Futures Commission's (the HK exchange) Public Shareholders' Group, which meets once a quarter to discuss shareholder rights and issues.
  • February 2017: Our CEO signed an Investor Letter on Texas Senate Bill 6 (SB6) and the forthcoming anti-LGBT legislation in Texas

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