Hines Releases 2023 ESG Report Highlighting Sustainable Value Creation and Protection

Hines, a global real estate investment manager, has recently released its 2023 ESG report, highlighting the firm’s commitment to creating sustainable value and integrating ESG principles into its business strategy. The report, following closely on the heels of Hines’ Mid-Year Outlook, showcases the various initiatives and steps taken by the company to solidify its position as a leader in ESG practices.

David Steinbach, Hines’ Global Chief Investment Officer, emphasized the importance of innovative sustainability solutions in today’s market environment, stating that these solutions are crucial for creating alpha and building a resilient real estate portfolio. He also highlighted the significant engagement from employees, investors, and communities in supporting Hines’ sustainability efforts worldwide.

Sonny Masero, Hines Managing Director of Global ESG, expressed pride in the company’s ESG initiatives and their positive impact on all aspects of the business. He noted the rapid changes in the Sustainable Real Estate Investment market and emphasized the growing importance of sustainability in generating returns as the industry enters a new cycle.

Key highlights from the 2023 ESG Report include Hines’ responsible investments, integration of sustainability factors into asset holdings, and efforts to address climate risks. The company has also set ambitious targets for reducing operational carbon emissions and achieving net-zero carbon emissions by 2030.

In addition, Hines is focused on building thriving communities and contributing to their economic resilience, health, inclusivity, and diversity. The company’s commitment to giving back to communities through partnerships, philanthropy, and volunteering opportunities underscores its dedication to creating social value beyond the built environment.

The full 2023 ESG Report can be accessed on Hines’ website, providing detailed insights into the company’s sustainability initiatives and achievements. Hines, with $93.2 billion of assets under management, continues to lead the way in sustainable real estate investment, driving positive change and building a better future for all stakeholders.