22. Oktober 2020
Peakside signs Principles for Responsible Investment
- Reaffirmed and visible commitment to integration of ESG criteria in investment decisions and company policies
- Improvement to risk-return management
Frankfurt, 22 October 2020 – Peakside Capital Advisors AG (“Peakside”), the Frankfurt-based real estate fund manager, has formally signed the UN Principles for Responsible Investment (UNPRI). Through this action, Peakside has reaffirmed its commitment to the inclusion of environmental, social and corporate governance criteria (ESG) in its processes for investment analysis and decision-making as well as in its guiding corporate policies.
“We feel an obligation, both to our clients and to society, to invest responsibly,” says Frank Schäfer, Managing Director and Head of Business Development at Peakside. “Experience has also shown that the inclusion of ESG criteria can serve as a competitive advantage in attracting tenants and optimize the values of our assets at exit. By joining as a signatory to the UN Principles for Responsible Investment, we have formally and visibly reaffirmed our commitment.”
"ESG aspects are playing an increasingly important role in our investments," adds Boris Schran, Managing Partner at Peakside Capital, noting that just recently, in early October, the company completed the conversion to carbon-neutral energy sources of a large number of electricity and gas supply contracts for its existing portfolio of properties totalling more than 300,000 m².
UN Principles for Responsible Investment
The Principles for Responsible Investment have their origins in an investor initiative founded in 2006 and supported by the United Nations. The UNPRI provides a critical framework for examining the impact of ESG factors on investments and provides support to its international network of signatories in incorporating these factors into their investment and ownership decisions. UNPRI is focused on the long-term interests of its signatories, the financial markets and economies in which they operate, and the well-being of the environment and society as a whole. The Principles were originally developed in 2005 by a group of investors and external consultants. Since the initiative’s launch in 2006, the number of signatories has grown from 100 to more than 3,000.
Peakside Capital Advisors AG is a European investment manager. The private-equity company manages assets worth over EUR 1.4 billion on behalf of institutional investors. Peakside implements differentiated investment strategies tailored to specific investor needs, ranging from core to value-add and opportunistic investments in commercial and residential assets. Peakside’s investment spectrum includes single properties, developments as well as portfolios, distressed debt and real estate operating companies. The firm employs a team of more than 30 professionals in its offices in Frankfurt, Zug, Warsaw, Prague and Luxembourg.
Feldhoff & Cie. GmbH
Eschersheimer Landstr. 55
60322 Frankfurt, Germany
phone: +49 69 2648677 240
mobile: +49 176 6073 8682