Login
Newsletter Signup

Site Search
Edward-Pugh-2

Patrizia Promotes Edward Pugh to Head of Sustainability: 5 Things to Know

June 12, 2024 by Joe Panettieri

Real estate and infrastructure asset management firm Patrizia has promoted Edward Pugh from director to head of sustainability. Pugh's new role surfaced within a larger Patrizia ESG team announcement.

Here are five things to know about Patrizia's sustainability strategy, and Pugh's experience.

1. Business Scope and Scape: Patrizia, founded in 1984, is based in Augsburg, Germany. The company, backed by roughly 1,000 employees, has €57 billion (US$62 billion) in assets. The company positions itself as a leading pan-European real estate investment manager.

2. Sustainability Goals: Patrizia is focused on achieving four objectives:

  • Become a leading sustainable investor in real assets with consistent PRI 5* rating from 2025;
  • achieve net zero carbon status across the company's corporate operations and portfolio by 2040 or earlier;
  • become a leading global impact investor in the real assets sector; and
  • be an employer of choice in the real assets sector.

The company's 2023 Sustainability Report is here.

3. Executive Updates: Among the recent moves to note, the company said:

  • Mads Rude continue sto lead Patrizia Global Partners and have overall responsibility for Impact Investing, supported by MarleenBikker-Bekkers as the key fund manager of Patrizia Sustainable Communities.
  • Edward Pugh has been promoted to head of sustainability.
  • Following a successful 3.5-year tenure developing Patrizia's ESG strategy, Mathieu Elshout has departed the company to join Australian Superannuation fund Aware Super.

4. Executive Background - Head of Sustainability: Pugh has over a decade of experience exclusively in specialist sustainability roles across the real estate industry, the company said.

Mahdi-Mokrane
Mahdi Mokrane, head of global investment strategy, research & investment solutions, Patrizia

5. Executive Perspectives: In a prepared statement about the updates, Mahdi Mokrane, head of global investment strategy, research and investment solutions at Patrizia, said: “Mathieu has been instrumental in developing our strong ESG framework and central sustainability team that is the absolute foundation of our global sustainability and impact strategy. We wish him all the best as we build on his excellent work ensuring sustainability remains a key enabler for creating and protecting value for PATRIZIA’s investors and broader stakeholders in a world deeply in transition. With Mads and Edward, we are thrilled to have two exceptional industry professionals driving the future growth of our impact investing platform as we look to launch further vehicles, alongside ensuring the meticulous stewardship of our group-wide sustainability strategy.”

Added Elshout said: “I am immensely proud of the progress we have made over the last 3.5 years developing PATRIZIA’s corporate ESG strategy and impact investing platform. Not only have we launched the group’s first SFDR Article 9 fund, Sustainable Communities, which saw one of our strongest fundraises in 2023, we have also broadened our central sustainability function to integrate key decarbonisation teams including our cutting-edge smart buildings platform Ambio. As one of the industry’s future leaders, I am truly excited to see where Edward takes PATRIZIA next on its sustainability journey.”

Head of Sustainability: 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.

The financial services industry in particular, faces numerous sustainability challenges and associated regulations. As does the real estate sector.

The bottom line: Technology partners need to extend their sales, marketing, engagement and support strategies to successfully fulfill those CSO customer needs, Sustainable Tech Partner believes.

subscribe to our newsletter

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

  • Latest Updates

  • Most Read

  • Search Our Sustainability Databases

  • Sustainability & Green IT Predictions for 2024

  • Tab #1
    Tab #2
    Tab Content #1
    Tab Content #2
    linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram