PGIM Real Estate has further strengthened its commitment to environmental, social and governance (ESG) investing, with the addition of Julie Townsend as ESG lead for Europe and Asia Pacific, based in London and effective immediately. PGIM Real Estate is the real estate investment and financing business of PGIM, the US$1.5 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).
Joining PGIM Real Estate’s global ESG team, Townsend will oversee the ESG strategy and implementation across the European and Asia Pacific regions and is tasked with building upon the firm’s ambitious sustainability goals and targets. Townsend will report to Christina Hill, Global Head of ESG and Head of Americas Asset Management.
Since signing the UN Principles for Responsible Investment in 2009 and joining the Global ESG Benchmark for Real Assets (GRESB) in 2013, PGIM Real Estate has continued to integrate ESG throughout its investment and asset management processes. In 2021, PGIM Real Estate committed to reducing the operational carbon emissions of its global portfolio of managed properties to net zero by 2050.
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