(HOUSTON) – Hines, the international real estate firm, announced today the release of the firm’s annual ESG report. This comprehensive report, which can be viewed at Hines' ESG page, provides a detailed review of Hines’ Environmental, Social and Governance (ESG) platform, framework and performance, compiled in accordance with the Global Reporting Initiative (GRI).
“As a firm, we have worked hard to build upon my father’s legacy and further our commitment to being a sustainable, resilient company,” said Hines Chairman and CEO Jeff Hines. “Meeting our ambitious ESG targets will play a critical role in the years ahead, as we continue to strive to be the best real estate investor, partner and manager in the world.”
The 2020 report details the efforts and strides the firm has made on ESG across our global operations. A key driver in these efforts was to form an ESG Working Group comprised of three subgroups spanning our real estate portfolio, corporate social responsibility efforts, and investment processes and products. This diverse team collaborated throughout the year to identify ESG priorities for Hines and create a plan for our path forward to accelerate our activities to address the urgent ESG topics in the built environment and build on the momentum we have created. As this report was being drafted, we established an ESG Senior Leadership Council to be led by our newly appointed, Global Head of ESG, Peter Epping. The council includes Hines’ Global Head of Management Services, Global Sustainability Officer, Chief People Officer and Chief Legal Officer.
Global Head of ESG Peter Epping emphasized, “Our firm-wide commitment to ESG starts with our executive leadership and our strategy will embed ESG excellence across the company and address the urgent global challenges through our impact on the built environment —from our people practices, to our investment approach, to construction, management, and operations in our global regions.”
Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 240 cities in 27 countries. Hines oversees a portfolio of assets under management valued at approximately $160.9 billion¹, including $81.7 billion in assets under management for which Hines serves as investment manager, and $79.2 billion representing more than 172.9 million square feet of assets for which Hines provides third-party property-level services. Historically, Hines has developed, redeveloped or acquired approximately 1,450 properties, totaling over 485 million square feet. The firm has more than 180 developments currently underway around the world. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to ESG, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.com for more information. ¹Includes both the global Hines organization as well as RIA AUM as of December 31, 2020.