ESG advisory services provider Longevity Partners announced the opening of four new US and Germany offices in New York, San Francisco, Austin and Munich. Longevity Partners manages more than $120bn of commercial and residential real estate ESG programs across 38 countries. The firm stated that its expansion comes as new municipal and national carbon reduction targets are demanding property investors and managers consider responsible solutions for new and existing assets.

According to the company, the new Austin, Texas office will serve as Longevity Partners’ US headquarters, and will be managed by the group Founder and CEO Etienne Cadestin.

Longevity Partners stated that its expansion plans are driven by the ever-growing demand for climate-focused investments, the race to achieve net-zero carbon, and a framework of tighter environmental regulations to reach strict climate goals. Additionally, the company noted a growing understanding from the investment community on the business imperative to minimize reputational risk and increase regulatory compliance while delivering carbon neutrality and unlocking long term value creation.

Cadestin said:

“We are humbled to respond to our growing customer demand overseas by making a significant self-funded investment with three new offices in the United States. Over the last two years, there has been a colossal push to address climate risk and our clients understand the correlation between global warming and the vulnerability of their investments. I can’t think of a better place than Austin to start this journey and we are now able to advise Texan corporates and pension funds on climate risk adaptation and transition solutions.”

The company also announced that it has hired Anneli Tostar, as Business Growth, in charge of business developments throughout the West Coast. Tostar is the co-founder of MILJÖ, a website focused on the sustainable consumption of fashion, and previously worked as a Stakeholder Engagement Manager for Better Building Partnerships where she oversaw stakeholder engagement for a collaboration of UK real estate firms, focused on sustainability.

Tostar said:

“I couldn’t be more excited to be joining Longevity in the U.S. as a Business Growth Associate. As someone who grew up in the U.S. and is passionate about environmental equity, the opportunity to bring the expertise of Longevity over to the States is a fortuitous one. I’m lucky to have been exposed to some of the most ambitious places for sustainability. Making progress on climate action in the built environment is no small feat, but it’s hard to imagine a more qualified team.”