At the PREA 2022 Spring Conference, the Hines European Core Fund (HECF) was recognized as the winner of the Open-End Fund ESG Award for the second year in a row.
PREA introduced these awards to recognize private equity real estate funds at the forefront of ESG within real estate investing. By highlighting these award-winning investment funds PREA is not only recognizing industry leaders, but also providing examples to the industry of how properly implemented ESG programs can help foster a more sustainable and socially responsible future, without sacrificing investment performance.
Sustainability is central to HECF’s investment strategy, with ESG considerations embedded. Their goal is to deliver long-term value to investors and future-proof returns while providing better support and services to tenants and communities. HECF rigorously pursues responsible management and considers ESG criteria as integral to a resilient long-term core strategy for the Fund.
Simone Pozzato, HECF fund manager said, “It is an honor to win the PREA Open-End Fund ESG award for a second year in a row. The award is a testament to our team’s exceptional ongoing work in ESG-focused asset management and community driven initiatives. With the urgency of transitioning towards a Net Zero Economy, ESG performance is increasingly correlated with financial returns as core investors are now extremely focused on adding sustainable assets to their portfolios. I am confident that our continued efforts to respond to communities’ social needs, carbon neutrality and innovation in asset management will create long-lasting impact on the neighborhoods we serve, and also seek to provide benchmark-leading financial performance for our investors.”