Global real estate investor Hines announced today the appointment of Peter Epping as Global Head of ESG, as the company launches its new sustainability strategy, with a focus on decarbonizing the built environment. Along with the appointment, the firm also announced the establishment of a dedicated new global ESG team.
Founded in 1957, Hines has a presence in 240 cities across 27 countries, and manages a portfolio of assets of more than $160 billion. According to the company, the new strategy aims to elevate its commitment to ESG issues, with a particular focus on the climate emergency.
Prior to his current position, Epping served as fund manager for Hines’ European Core Fund (HECF), recognized by GRESB as the most sustainable fund in Europe of all diversified portfolios and as a GRESB Global Sector Leader four years in a row. In his new role, he will be working with Regional ESG Leaders in Asia, Europe, North America and South America.
David Steinbach, Global Chief Investment Officer, said:
“Peter’s passion and focus on ESG is deep and longstanding, and he will be stepping into his new role at this exciting moment for the firm as we ramp up our ESG focus even further.”
The newly established global ESG team will further the company’s sustainability commitments across its investments, properties, communities and stakeholders. In addition to the team, a new ESG Leadership council will address carbon emissions and social equity across the built environment through different initiatives.
Jeffrey Hines, Chairman and Chief Executive Officer at Hines, said:
“We all have a part to play in one of the largest challenges of our collective life as we strive to create a healthier, inclusive and more sustainable planet. Our long-term vision is to continue leading the industry by further embedding ESG excellence across the company—from our people, through our investments, construction, management and engineering around the globe.”
“I’m honored to lead our new global ESG platform as we build on such a strong foundation. We have a long-term commitment to ensure ESG leadership and innovation are at the heart of our entire business, enabling us to remain on the leading edge and meet the extraordinary challenges ahead of us. Our scale allows us to implement our innovative approach across a large number of new projects and existing properties around the world. We believe that will have a significant positive impact on spaces, people, communities, and climate while making good business sense too.”