NEW YORK, Dec. 3, 2015 /PRNewswire/ -- AllianceBernstein L.P. ("AB"), a leading global investment management firm, announced that it has joined the Climate Bond Initiative Partnership Program to mobilize debt capital markets for climate change solutions.
"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," said Paul DeNoon, Senior Vice President in Fixed Income at AB.
"We recognize 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 our 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."
"Climate Bonds welcomes this decision by AB. As a major institutional investor with hundreds of billions under management their knowledge and expertise will add invaluable depth and capacity to our Partnership Program," said Sean Kidney, CEO Climate Bonds Initiative.
"We foresee enormous potential to work together on developing new climate finance pipelines and robust international green bond markets."
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.
As of September 30, 2015, AB Holding owned approximately 36.2% of the issued and outstanding AB Units and AXA, one of the largest global financial services organizations, owned an approximate 63.4% economic interest in AB.
Additional information about AB may be found on our website, www.abglobal.com.
About Climate Bonds Initiative
The Climate Bonds Initiative is an investor-focused not-for-profit, promoting large-scale investment in the low-carbon economy. For more information please visit www.climatebonds.net
SOURCE AllianceBernstein L.P.