Equitable Holdings becomes a signatory of the Principles for Responsible Investment endorsed by the United Nations | Company
NEW YORK – (BUSINESS WIRE) – August 2, 2021–
Equitable Holdings, Inc. (NYSE: EQH) announced today that it has become a signatory of the Principles for Responsible Investment (PRI) backed by the United Nations, a global network of institutional investors, asset managers and service providers working to integrate governance and issues (ESG) into investment practices to foster a more sustainable global financial system.
AllianceBernstein, Equitable’s global investment management firm and principal investment advisor for its general account, has been a PRI signatory since 2011, incorporating ESG considerations into their investment process for many years. With Equitable’s membership of PRI at the holding company level, the company has extended its commitment to responsible investing company-wide and will align with AB’s cutting-edge approach. in ESG investment for its general account assets. As a signatory of the PRI, Equitable is committed to incorporating the six PRI investment principles into its investment and ownership decisions.
âBy becoming a PRI signatory, we have strengthened our commitment to be a force for good in business and society and to deliver long-term value to all of our stakeholders,â said Steve Joenk, Chief Investment Officer at Equitable . âFollowing our first sustainable financing offer earlier this month, this is another important step towards achieving sustainable and positive ESG results. Equitable recently closed a $ 500 million sustainable financing issue, offered in the form of notes backed by 5-Year Financing Agreements (FABN).
PRI CEO Fiona Reynolds said, âWe are very pleased to welcome Equitable as a PRI signatory. The engagement of the insurance industry in sustainable investing is extremely important, and it is encouraging to see organizations such as Equitable commit to integrating ESG factors into investment and ownership decisions. We hope this sets a good example for the industry to move forward in their commitment to responsible investing, and we look forward to working with the Equitable team.
ESG integration and active engagement are the foundations of AllianceBernstein’s responsible investment model and are essential for performing fully informed risk / return assessments and reaching better investment conclusions. Equitable is developing its own ESG investment strategy that aligns with AB principles and will revolve around ESG integration, engagement (via AllianceBernstein) and impact.
About Equitable Holdings
Equitable Holdings, Inc. (NYSE: EQH) is a financial services holding company comprised of two complementary and well-established primary franchises, Equitable and AllianceBernstein. Founded in 1859, Equitable offers advice, protection and retirement strategies to individuals, families and small businesses. AllianceBernstein is a global investment management firm providing high quality research and diversified investment services to institutional investors, individuals and private clients in major global markets. Equitable Holdings has approximately 12,000 employees and financial professionals, $ 822 billion in assets under management (as of 3/31/2021) and more than 5 million client relationships worldwide.
About PRI: The PRI strives to understand the investment implications of environmental, social and governance (ESG) factors and to help its international network of signatory investors integrate these factors into their investment and ownership decisions. The PRI acts in the long-term interests of its signatories, of the financial markets and economies in which they operate, and ultimately of the environment and society as a whole. Launched in New York in 2006, the PRI has grown to over 4,000 signatories, managing more than US $ 121 trillion in assets under management.
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CONTACT: Investor Relations
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KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: FINANCE CONSULTING BANKING PROFESSIONAL SERVICES INSURANCE
SOURCE: EQH Investor Relations
Copyright Business Wire 2021.
PUB: 02/08/21 08:30 / DISC: 02/08/2021 08:32
Copyright Business Wire 2021.