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PGIM Real Estate hires ESG lead for Europe and Asia Pacific

HandshakePGIM Real Estate has hired Julie Townsend as its ESG lead for Europe and Asia Pacific to reinforce its commitment to ESG investing.

Townsend is tasked with the overseeing of ESG strategies being implemented across the two designated regions, while also furthering the companies’ pre-existing and ambitious sustainability goals.

She will report directly to the global head of ESG and head of America’s asset management, Christina Hill.

Hill said: “We are fortunate to have been able to attract a skilled and experienced ESG leader such as Julie, who will be a pivotal member of our growing team as we continue to accelerate our sustainability efforts in the years ahead.”

After 15 years at CBRE as head of environmental consultancy, her implementation at PGIM will see Townsend working closely with PGIM Real Estate’s local investment teams, enabling the implementation and management of corporate and asset level ESG strategies, alongside ESG reporting and assessments.

The firm has focused on the continuation of integrating ESG throughout investment and asset management processes since the signing on the UN Principles for Responsible Investing in 2009 and the joining of the Global ESG Benchmark for Real Assets in 2013.

In 2021 PGIM Real Estate confirmed its plans to be carbon net zero by 2050.

Hill added: “At PGIM Real Estate, we understand doing the right thing for our people, the environment and our communities leads to better results for all our stakeholders. Given our global scale and footprint, we have immense potential to make a positive impact, and we are committed to helping address many of today’s ESG challenges.”

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