As we progress on our own corporate ESG journey, we’re rethinking business operations to use fewer of Earth’s precious resources. Among the actions we’ve taken to further our goal of being environmental stewards, we’ve:
Lowered our greenhouse gas (GHG) emissions
Continued to relocate our people to more environmentally friendly office spaces
Sharply reduced paper consumption globally
Engaged AB employees on sustainability issues
Adopted a firmwide Climate Change / TCFD Statement
AB and the Environment: Spotlights
BREEAM Outstanding Rating for London Building
Our new London office has been awarded a BREEAM "outstanding" rating for being in the top 1% of UK domestic refurbishments, reinforcing AB's commitment to being a responsible firm.
Managing Greenhouse Gases and Energy Usage
We’re constantly striving to reduce our GHG emissions. In 2019, we recorded our lowest total emissions (as measured by total metric tons of CO2e) since we started reporting on this metric internally in 2010. Between 2018 and 2019, we were able to reduce our emissions by 4.5%, and by 13% over the five‐year period ended in 2019.
Collaborating on Climate with the Earth Institute at Columbia University
In September 2020, AB and Columbia University marked one year since kicking off a collaboration to elevate the understanding of climate change impacts and how to translate them into investment analysis. We’re thrilled to partner with the Earth Institute, another leading institution, in applying research to pursue better outcomes.
Our Climate Change Statement
As investors, we strive to integrate climate change risks and opportunities in our investment analysis, decision-making and solutions. We continue to train our professionals and develop proprietary tools, including our engagement and collaboration platform, ESIGHT. We’re also conducting a campaign to engage firms on climate risks, specifically advocating that companies lacking emissions-reduction targets put them in place.
At AB, we’re working to place 65% of our employees in greener workspaces and more environmentally friendly buildings by 2025, as defined by ratings from Leadership in Energy and Environmental Design (LEED) or other local standards. We’re happy to share that our new office location in Shanghai recently achieved a gold-level LEED rating. The transition to our new global headquarters building in downtown Nashville, Tennessee, USA, is well under way, with the building’s completion expected in 2021. We’re also executing on plans to move into greener office spaces with our remaining New York employees and to transition our London staff to a new office location.
Engaging AB Employees on Sustainability
The Sustainable Employee Wellness Group (EWG) is dedicated to sustaining the environment both as a firm and as individuals. The group hosts regular events to engage and educate employees on topics including solar energy, recycling, safe water and eating sustainably.
Committed to Industry Leadership on Climate
AB is actively involved in climate-related organizations and initiatives:
Analysts & Experts
Climate Science and Investing
AB is collaborating with climate experts at Columbia University’s Earth Institute to develop new insights and tools.
by Sara Rosner
Gauging the potential impacts of climate change on a company’s valuation or portfolio performance is extremely difficult. At AB, we’ve partnered with Columbia University’s Earth Institute to conduct an extensive review of existing climate change scenario-analysis providers and their various approaches.
We asked two AB portfolio managers and two experts, from Columbia University and Willis Towers Watson, to provide their perspectives on what it will take for asset managers to effectively address climate change in their investment processes.
by Thais Aleluia, Ted Mann
Brazil's rate of deforestation has increased dramatically. Our positions in Brazilian beef producers provide an opportunity to promote sustainable practices that can help protect tropical forests while mitigating environmental and investment risks.