Month: May 2024

Synergy – our Women’s Employee Resource Group, created the #SheInspires campaign to highlight inspiring women within the firm who embody AB’s values. Their colleagues nominated these women for their ability to inspire and motivate others at AB. As Womens History Month comes to a close, learn more about Synergy’s mission from our Inspirers and Synergy Leadership.

AllianceBernstein

AllianceBernstein (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. We believe corporate responsibility, responsible investing and stewardship are intertwined. To be effective stewards of our clients’ assets, we strive to invest responsibly—assessing, engaging on and integrating material issues, including environmental, social and governance (ESG), and climate change considerations in most of our actively managed strategies. We also believe that strive to hold ourselves as a firm to similar practices that we ask of issues. Our stewardship practices, investment strategy and decision-making are guided by our purpose, mission and values.

Our purpose—pursue insight that unlocks opportunity—inspires our firm to act responsibly. While opportunity means something different to each of our stakeholders; it always means considering the unique goals of each stakeholder. AB’s mission is to help our clients define and achieve their investment goals, explicitly stating what we do to unlock opportunity for our clients. We became a signatory to the Principles for Responsible Investment (PRI) in 2011. This began our journey to formalize our commitment to identify responsible ways to unlock opportunities for our clients through integrating material ESG factors throughout most of our actively managed equity and fixed-income client accounts, funds and strategies. AB also engages issuers where it believes the engagement is in the best financial interest of its clients.

Because we are an active manager, our differentiated insights drive our ability to deliver alpha and design innovative investment solutions. ESG and climate issues are important elements in forming insights and in presenting potential risks and opportunities that can have an effect on the performance of the companies and issuers that we invest in and the portfolios that we build.

Our values provide a framework for the behaviors and actions that deliver on our purpose and mission. Values align our actions. Each value emerges from the firm’s collective character—yet is also aspirational.

Invest in One Another means that we have a strong organizational culture where diversity is celebrated and mentorship is critical to our success. When we invest in one another, we empower our employees to reach their potential, so that they can help our clients realize theirs. This enables us to partner with clients to design and deliver improved investment outcomes.Strive for Distinctive Knowledge means that we collaboratively identify creative solutions to clients’ economic, ESG and climate- related investment challenges through our expertise in a wide range of investment disciplines, close collaboration among our investment experts and creative solutions.Speak with Courage and Conviction informs how we engage our AB colleagues and issuers. We seek to learn from other parts of our business to strengthen our own views. And we engage issuers for insight and action by sharing ideas and best practices.Act with Integrity—Always is the bedrock of our relationships and has specific meaning for our business. Unlike many other asset managers, we’re singularly focused on providing asset management and research to our clients. We don’t engage in activities that could be distracting, or create conflicts—such as investment banking, insurance writing, commercial banking or proprietary trading for our own account. We are unconflicted and fully accountable.

As of September 30, 2023, AB had $669B in assets under management, $458B of which were ESG-integrated. Additional information about AB may be found on our website, www.alliancebernstein.com.

Learn more about AB’s approach to responsibility here.

Cummins

LEXINGTON, Ky. /3BL/ – Valvoline Global, a worldwide leader in automotive and industrial solutions, and Cummins Inc., a global power leader, announced a major milestone of their longstanding partnership.

This year marks the 30th anniversary of a comprehensive partnership for the world-class brands.

Like all good collaborations, it continues to move both companies forward.

Since 1994, the teams at Valvoline Global and Cummins have worked together in the field and in labs to develop products that complement each other. Working as a single team to deliver the best customer value, Cummins designs and builds cutting-edge engines, generators and power systems, and Valvoline Global creates innovative lubricants and fluid solutions alongside them. Customers benefit from that teamwork and have the peace of mind knowing they have two premium products that were designed to bring out the best in one another.

“Our partnership with Cummins is one that we are really proud of. At Valvoline Global, we’ll continue innovating, whether its diesel, natural gas, hydrogen, alternative fuels, fuel cells and future technologies,” said Jamal Muashsher, CEO, Valvoline Global. “Whenever Cummins creates a product, Valvoline will make sure there are lubricants, fluids and sustainable solutions that complement it.”

“Customers can run equipment with maximum efficiency and reliability, perform fewer oil changes over the life of the equipment, resulting in cost savings,” said Tony Satterthwaite, Senior Vice President, Cummins Inc. “And fleet managers could also see reduced cost of ownership due to product consolidation, increased working capital and reduced risk of incorrect oil-to-engine usage.”

Recently, trade publication Heavy Duty Trucking named Premium Blue One Solution™ Gen2 as one of its top innovative products. The industry-first fuel agnostic technology is approved for use in multiple heavy-duty, medium-duty and light-duty engine types, providing extended drain intervals for both diesel and natural gas engine platforms.

Satterthwaite added, “We have an extended partnership in the form of joint ventures to sell and market our products together in emerging markets, delivering fantastic results while supporting customers. Our Cummins-Valvoline joint venture in India just celebrated their own 25th Anniversary in 2023.”

With a steadfast commitment to excellence and a vision for continued growth, Valvoline Global and Cummins are poised to make an even greater impact on global communities, including automotive and industrial sectors in the years ahead.

About Cummins Inc.

Cummins Inc., a global power solutions leader, is comprised of five business segments – Components, Engine, Distribution, Power Systems and Accelera by Cummins – supported by our global manufacturing and extensive service and support network, skilled workforce and vast technological expertise. Cummins is committed to its Destination Zero strategy, which is grounded in the company’s commitment to sustainability and helping its customers successfully navigate the energy transition with its broad portfolio of products. The products range from advanced diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, valvetrain technologies, controls systems, air handling systems, automated transmissions, axles, drivelines, brakes, suspension systems, electric power generation systems, batteries, electrified power systems, hydrogen production technologies and fuel cell products. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 75,500 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $735 million on sales of $34.1 billion in 2023. See how Cummins is powering a world that’s always on by accessing news releases and more information at https://www.cummins.com/.

About Valvoline™ Global Operations

Valvoline Global is a worldwide leader in automotive and industrial solutions, creating future-ready products and best-in-class services for partners around the globe. Established in 1866, the company introduced the world’s first branded motor oil and developed strong brand recognition and customer satisfaction ratings across multiple product channels. With sales in more than 140 countries and territories, Valvoline Global’s solutions are available for every engine and drivetrain, including high-mileage and heavy-duty vehicles, offered at more than 80,000 locations. Valvoline Global is powering the future of mobility through innovative solutions for vehicles with electric, hybrid and internal combustion powertrains – and the company will continue to solve for global automotive and industrial challenges as it moves forward. To learn more, visit ValvolineGlobal.com.

™ Trademark, Valvoline Global or its subsidiaries, registered in various countries.

Media Contact

Jon Mills 
Director – External Communications 
(317) 658-4540 jon.mills@cummins.com

Abby Malik 
Valvoline™ Global Operations Contact 
+1-606-923-8864 abby.malik@valvoline.com

MAYS LANDING, N.J., May 7, 2024 /3BL/ – Volunteers from Atlantic City Electric, KABOOM!, Gateway Community Action Partnership, the Borough of Paulsboro and community members came together to bring a children-designed and community-built playground to life at the West Buck Street Park in Paulsboro, N.J. Hundreds of local volunteers came together on April 10 for this one-day, community-driven playground build. This project represents progress in ensuring every child has a place to play, providing a state-of-the-art playground for children to enjoy each year.

“I am truly proud to work for a company that focuses so much on our communities where we not only serve, but where many of us live and work,” said Doug Mokoid, Region President, Atlantic City Electric. “The work we do day in and day out is important, but we must also remember that helping our communities grow and flourish is also vital. Seeing our employees come together outside of their daily work, side-by-side with the community, is a prime example of the company’s core principles- putting to action that we are more than energy.”

More than 100 volunteers from Atlantic City Electric, which included members from IBEW Local 210, took part in the day-long build, which brought to life the design concepts inspired by local children. The “Design Day” held in January 2024 kicked off the planning process and brought community members together to intricately compose their designs into what is now seen today at West Buck Street Park.

“The West Buck Street Playground has always been an integral part of the immediate neighborhood it serves and to the residents of Paulsboro,” said Borough of Paulsboro Mayor John Giovannitti. “The Borough of Paulsboro is excited to partner with KABOOM!, Gateway CAP and Atlantic City Electric to create, design and build a ‘new’ West Buck Street Playground. We believe this will help unite our community and create a fun and safe place for our families to meet and play.”

The project is part of a nationwide effort led by KABOOM! to end playspace inequity – the reality that far too many children – especially children of color – do not get the chance to play on a playground, something that should be part of every child’s life. Their work is to ensure every child can experience the numerous physical, social and mental health benefits of play regardless of background or where they live.

“Playgrounds are an iconic part of childhood where kids collect some of their best memories and experience the countless physical and mental health benefits of play,” said Lysa Ratliff, Chief Executive Officer of KABOOM!. “KABOOM! is thrilled to work with Atlantic City Electric, Gateway Community Action Partnership, and the Borough of Paulsboro to build the new playspace on West Buck Street and ensure that generations of kids can grow up happy and healthy through access to playspaces where they feel they are valued and belong.”

This playground build is also the starting point of a longer-term revitalization plan for the Paulsboro community. It is a launching pad to Gateway Community Action Partnership’s initiative through the Neighborhood Revitalization Planning Grant, which they received in December 2023. It focuses on community-driven projects, like the playground build, to support comprehensive equity focused community development plans.

“This represents more than just an investment in swings and slides; it symbolizes a dedication to the well-being, joy and unity of our local community. It reflects our profound commitment to fostering secure, welcoming and interactive spaces that support the growth of our children, strengthen family bonds and promote neighborly connections,” said Edward Bethea, Executive Vice President and Chief Operating Officer of Gateway Community Action Partnership. “We must also emphasize that this new playground will act as a key catalyst for the Neighborhood Revitalization Initiative process in the Paulsboro area.”

Atlantic City Electric is committed to ensuring the communities it serves and where its employees live and work, thrive. Events like this further strengthen the company’s commitment to powering a cleaner and brighter future for its customers and communities.

About KABOOM! 
KABOOM! is the national nonprofit committed to ending playspace inequity – the reality that quality places to play are not available to every child, especially in communities of color. Since 1996, KABOOM! has partnered with kids and communities to build or improve 17,000+ playspaces and ensure that nearly 12 million kids have equitable access to the crucial benefits and opportunities that playspaces offer. In 2022, KABOOM! launched the 25 in 5 Initiative to End Playspace Inequity to accelerate its mission in 25 high-priority locations over five years. Learn more at kaboom.org or join the conversation on Twitter, Facebook, Instagram, and LinkedIn.

About Gateway Community Action Partnership 
Gateway Community Action Partnership is the designated Community Action Program (CAP) for Cumberland, Gloucester and Salem counties in Southern New Jersey and also provides services in Atlantic, Camden, Cape May and Mercer counties, as well as Philadelphia. As a CAP, Gateway Community Action Partnership helps low- and moderate-income residents identify and overcome barriers to self-sufficiency. The agency’s more than 650 employees form a network of professional teachers, social workers, counselors, nutritionists and program planners, all dedicated to making our communities better places to live and work for all residents. Gateway CAP is a private, non-profit, community-based organization with a federal 501-C-3 designation by the IRS.

About the Borough of Paulsboro 
Paulsboro Borough is robust diverse municipality located in Southern New Jersey. Founded the 17th. Century and incorporated as” Paulsboro” in 1904, it is the home to Fort Billingsport, the first land purchase made by the United States, acquired on July 5, 1776, the day after the signing of the Declaration of Independence.

To learn more about Atlantic City Electric, visit The Source, Atlantic City Electric’s online newsroom. Find additional information by visiting atlanticcityelectric.com, on Facebook at facebook.com/AtlanticCityElectric, and on X, formerly known as Twitter, at twitter.com/AcEleCconnect. Atlantic City Electric’s mobile app is available at atlanticcityelectric.com/MobileApp.

View original content here.