Real estate investor ISPT of Australia has promoted Steve Peters (pictured, top of page) to the newly formed role of chief sustainability officer.
Peters' new role surfaced as part of CEO Chris Chapple's overall executive team strategy to drive the business forward.
Here are three things to know about ISPT and Peters' role at the company.
1. Business Focus and Scale: ISPT, founded in 1994, is based in Melbourne, Victoria, Australia. The company's $22.2 billion portfolio invests in and develops office, retail, industrial, education, health and residential property across Australia. ISPT had 370 employees listed on LinkedIn as of June 2023.
2. Steve Peters' Experience and Focus: Steven has been a sustainability leader at ISPT for six years, most recently as acting general manager, ESG, the company said in a prepared statement. The company is committed to becoming a net positive producer of carbon offsets by 2025. ISPT's overall sustainability strategy is outlined here.
3. Executive Perspectives: In a prepared statement about Peters' new role, ISPT CEO Chris Chapple said: “Steven has played an integral role in driving the ESG agenda for ISPT over many years. Steven’s passion, technical expertise, and his ability to tackle complex ESG issues with innovative solutions makes him an industry leader. We look forward to Steven continuing to lead ISPT’s ESG program beyond our current 2025 strategy and achieving shared value in partnership with our investors and customers.”
New Sustainability Head at ISPT: Why Technology Partners Should Care
By 2027, 25% of Global 2000 companies will have assigned a chief sustainability officer (CSO) responsible for meeting their organization’s ESG goals and making ESG-related IT purchasing decisions, according to IDC.
Technology partners need to extend their sales, marketing, engagement and support strategies to successfully fulfill those CSO needs, Sustainable Tech Partner believes.