Today, we are excited to announce our newest partner; AllianceBernsteinLP (AB), a leading investment management firm has joined our Partnership Programme.
In a statement released from New York a few hours ago, the international manager pointed to the need to drive ‘innovative climate friendly investment solutions.’
The AB Statement also reflects the firm's desire to partner with Climate Bonds to ‘mobilize debt capital markets for climate change solutions.’
Both AB's Paul DeNoon and Climate Bonds CEO Sean Kidney had more to say:
Paul DeNoon, Senior Vice President in Fixed Income, AB:
“We have a strong commitment to responsible investing and believe the Climate Bonds Initiative provides a compelling opportunity for AB and our industry peers to effectively deploy capital in innovative climate-friendly investment solutions”
“We recognise the leading role Climate Bonds Initiative is playing in many global fora to help build new and innovative sources of climate finance and strongly support this objective. At AB, we strive to keep out clients Ahead of Tomorrow and by partnering with Climate Bonds we hope to make meaningful investments that will lead to a better future for all.”
Sean Kidney, Climate Bonds Initiative:
“Climate Bonds welcomes this decision by AB. As a major institutional investor with approx. US$500bn under management their knowledge and expertise will add invaluable depth and capacity to our Partnership Programme.”
“We foresee enormous potential to work together on developing new climate finance pipeline and robust international green bond markets.”
Congratulations to our newest Climate Bonds Partner!
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. More information can be found here.
As of 30 September 2015, AB Holding owned approximately 36.2% of the issued and outstanding AB Units and AXA, one of the largest global financial services organisations, owned an approximate 63.4% economic interest in AB.
A full copy of the Statement is available here.
