Sustainability - PATRIZIA ESG Strategy
Environmental, Social and Governance
Acting responsibly has always been part of PATRIZIA’s business approach. As a leading global partner for pan-European real estate investment, PATRIZIA is aware that real estate is one of the largest contributors to worldwide energy consumption and CO2 emissions that drive climate change. We understand our responsibilities as an investment manager to reduce the carbon footprint of our asset portfolio and business operations. We are also very committed to our corporate social responsibility and it is of major importance for PATRIZIA to contribute to society in a positive way. For us, sustainability is an ongoing effort of measuring, improving, sharing, and learning and our objective is to become a driver for change in the industry.
PATRIZIA commits to actively contribute to the overall goal of the UN Sustainability Development Goals (SDGs) to create a better future for all. The SDGs are a universal set of goals, targets and indicators for global development that are very important guidelines for the PATRIZIA ESG Strategy and the Group’s understanding what responsible practices are. The SDGs serve as a blueprint for positively transforming today’s world by ending poverty, safeguarding the planet and ensuring prosperity for all. Creating investment practices and business plans linked to the goals of the SDGs, offers a breadth of opportunity that investing with impact offers. While supporting the SDGs in their entirety, PATRIZIA has identified the following SDGs as primarily relevant and closest to the Group’s values and will proceed to include these in corporate and fund specific ESG strategies:
- SDG 11 Sustainable Cities and Communities reflects the core of real estate investment management.
- SDG 7 Renewable Energy and SDG 13 Climate Action are fundamental to create sustainable cities and communities.
- SDG 3 Good Health and SDG 4 Quality Education are primary values of corporate social responsibility.