Driving ESG Ambitions: PATRIZIA’s New Leadership Charts Course for Sustainable Growth

Driving ESG Ambitions: PATRIZIA’s New Leadership Charts Course for Sustainable Growth

(IN BRIEF) PATRIZIA, a global real assets partner, has restructured its ESG framework, dividing roles to align closer with business lines for enhanced sustainability and impact investing efforts. Mads Rude leads PATRIZIA Global Partners, focusing on impact investing, with Marleen-Bikker-Bekkers as key Fund Manager for the Sustainable Communities Impact Fund. Edward Pugh assumes the role of Head of Sustainability. Following the departure of Mathieu Elshout, who played a pivotal role in developing the company’s ESG strategy, PATRIZIA aims to maintain its sustainability momentum under new leadership, blending sector expertise with emerging talent to drive ambitious ESG goals across its real assets portfolio, including becoming a leading sustainable investor and achieving net-zero carbon status.

(PRESS RELEASE) AUGSBURG, 10-Jun-2024 — /EuropaWire/ — PATRIZIA, a renowned partner in global real assets, has announced strategic repositioning within its ESG (Environmental, Social, and Governance) framework to reinforce its dedication to sustainability and impact investing. This move involves a division of roles to align them more closely with relevant business lines, aiming to leverage PATRIZIA’s internal expertise and expansive global real assets platform.

Under the new structure, impact investing within PATRIZIA will be spearheaded by PATRIZIA Global Partners, led by Mads Rude. Rude will oversee the company’s impact investing initiatives, with support from Marleen-Bikker-Bekkers, who serves as the key Fund Manager for the PATRIZIA Sustainable Communities Impact Fund. Concurrently, Edward Pugh has been promoted to the role of Head of Sustainability at PATRIZIA.

Reflecting on the restructuring, Mahdi Mokrane, Head of Global Investment Strategy, Research, and Investment Solutions at PATRIZIA, stated, “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.”

Mathieu Elshout, departing from PATRIZIA after a successful 3.5-year tenure, expressed his pride in the progress made during his tenure, particularly in developing the company’s corporate ESG strategy and impact investing platform. “As one of the industry’s future leaders, I am truly excited to see where Edward takes PATRIZIA next on its sustainability journey,” he added.

The restructured leadership team at PATRIZIA combines extensive sector experience with emerging talent, aiming to accelerate the company’s ESG ambitions across its global real assets platform. Mads Rude brings nearly three decades of experience in the global real estate sector, with a significant focus on impact investing.

Marleen-Bikker-Bekkers will continue to manage investments and co-investment activities for PATRIZIA’s impact fund, Sustainable Communities. Edward Pugh, with over a decade of exclusive experience in sustainability roles within the real estate industry, reflects PATRIZIA’s commitment to nurturing internal talent and fostering future leaders.

Both the sustainability and impact functions will maintain strong oversight from PATRIZIA’s Executive Committee, with Edward Pugh co-reporting into Amal del Monaco, CEO Asset Management and Development European Real Estate, and Mads Rude reporting into Mahdi Mokrane.

Under the leadership of Mads and Edward, PATRIZIA will continue to advance its global sustainability strategy, focusing on becoming a leading sustainable investor in real assets, achieving net-zero carbon status, becoming a leading global impact investor, and being an employer of choice in the real assets sector.

PATRIZIA’s impact platform, led by its dedicated impact vehicle Sustainable Communities, aims to address social and affordable housing needs across Europe, with plans to accommodate over 7,500 residents in affordable housing across 25 countries.

For further information, PATRIZIA’s 2023 Sustainability Report detailing progress against sustainability objectives, corporate sustainability strategy, and outlook for 2024 is available online.

Media Contact:

Ed Whittaker
Corporate Communications
Phone: +44 7881 276427
communications@patrizia.ag

SOURCE: PATRIZIA SE