Alliancebernstein Sustainability Profile
AllianceBernstein Holding L.P., commonly referred to as AllianceBernstein, is a leading global investment management firm headquartered in the United States. Founded in 1967, the company has established a strong presence in major operational regions, including North America, Europe, and Asia. Specialising in a diverse range of investment strategies, AllianceBernstein offers services in equity, fixed income, and multi-asset solutions, catering to institutional and individual investors alike. The firm is renowned for its research-driven approach and commitment to delivering innovative investment solutions that stand out in a competitive market. With a robust reputation for excellence, AllianceBernstein has achieved significant milestones, including its listing on the New York Stock Exchange. The firm continues to be recognised for its strong performance and client-centric focus, solidifying its position as a trusted partner in the investment management industry.
DitchCarbon Score
How does Alliancebernstein's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Services Auxiliary to Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Alliancebernstein's score of 27 is lower than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Alliancebernstein's reported carbon emissions
In 2022, AllianceBernstein reported total carbon emissions of approximately 10,389,000 kg CO2e, with significant contributions from Scope 3 emissions, particularly from business travel, which accounted for about 2,926,000 kg CO2e. This marked an increase from 2021, when total emissions were about 7,807,000 kg CO2e, with Scope 3 emissions from business travel at approximately 572,000 kg CO2e. The trend indicates a growing carbon footprint, particularly in the area of business travel. AllianceBernstein has set ambitious climate commitments, aiming for a 46% reduction in absolute Scope 1 and 2 greenhouse gas emissions by 2030, using 2019 as the baseline year. Additionally, the firm has established a long-term goal to achieve net zero emissions across its Scope 1 and 2 by 2050, as outlined in its 2023 Climate Action Plan. Furthermore, AllianceBernstein is targeting net zero for its Scope 3 emissions by 2050, although it has not specified a percentage reduction target for this scope. These commitments reflect AllianceBernstein's proactive approach to addressing climate change and its alignment with industry standards for sustainability. The emissions data and reduction targets are sourced directly from AllianceBernstein Holding L.P., with no data cascaded from a parent or related organization.
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| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | - | - | - | - |
| Scope 2 | - | - | - | - |
| Scope 3 | 7,207,000 | 0,000,000 | 000,000 | 0,000,000 |
How Carbon Intensive is Alliancebernstein's Industry?
How Carbon Intensive is Alliancebernstein's Location?
Alliancebernstein's Scope 3 Categories Breakdown
Alliancebernstein's Scope 3 emissions, which increased by 412% last year and decreased by approximately 59% since 2019, demonstrating supply chain emissions tracking. Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Alliancebernstein's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Alliancebernstein has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
