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The views expressed herein do not constitute research, investment advice or trade recommendations and do not necessarily represent the views of all AB portfolio-management teams. Views are subject to revision over time.
Historical analysis does not guarantee future results.
UOP and SLB greeniums are determined by comparing their yields to those of similar-maturing non-ESG-labeled bonds issued by the same companies. Total number of UOP and conventional bond comparisons: 709; total number of SLB and conventional bond comparisons: 49. AB’s ESG-Labeled Bond Analysis Tool compares ESG-labeled bonds to their closest-maturity conventional bonds on their curve. Only ESG-labeled bonds with a maturity date within two years of the maturity date of the non-ESG-labeled-bond, and at the same seniority level, were included in this analysis. This leads to a smaller number of SLB comparisons than for UOPs, as many SLBs are from smaller capital structures without peer conventional bonds with a maturity date within two years of the maturity date of the SLB.
The data are derived from AB’s ESG Bond Analysis Tool, which is based on the Bloomberg Global Aggregate Bond, Bloomberg Global Aggregate Corporate and Bloomberg Global High Yield indices.
Numbers may not sum due to rounding.
As of April 30, 2023
Source: Bloomberg and AllianceBernstein (AB)
Historical analysis does not guarantee future results.
To determine ESG scores, AB uses a data-informed, factor-based methodology to derive objective ESG assessments, which are expressed on a numerical range from 0 (lowest) to 10 (highest) to depict an issuer’s absolute ESG strength.
The data are derived from AB’s ESG Bond Analysis Tool, which is based on the Bloomberg Global Aggregate Bond, Bloomberg Global Aggregate Corporate and Bloomberg Global High Yield indices.
Numbers may not sum due to rounding.
As of April 30, 2023
Source: Bloomberg and AB
The views expressed herein do not constitute research, investment advice or trade recommendations and do not necessarily represent the views of all AB portfolio-management teams. Views are subject to revision over time.