Pan-European investor Palmira Capital Partners has announced plans to further reinforce its commitment to environmental, social and corporate governance (ESG) issues with the appointment of additional staff are to the firm’s ESG competence team.
Christean Schmidt, 32, the new head of sustainability, is now leading the ESG team, which has been been restructured as a separate business unit.
In this newly created position, Schmidt will be the first point of contact in this area for both investors and staff.
His responsibility will be to ensure that ESG criteria are observed in investment decisions, in asset management and in the corporate environment. Qualified as an engineer for energy and process technology, Schmidt heads a team of four, made up of architects, civil engineers and technical asset managers.
Prior to joining Palmira, Schmidt was head of the sales department at a company providing heating, ventilation and air conditioning technologies, where he developed holistic concepts for CO2-neutral commercial properties.
Commenting on the decision to restructure the company’s ESG division, Patrick Abel, Palmira’s head of asset management, said: 'We are delighted to welcome Christean Schmidt, an experienced specialist in sustainability. Instead of mere platitudes, we are striving for a real transformation of our properties.'
As part of its future plans, Palmira will be offering ESG and impact funds. Existing vehicles will also be upgraded in compliance with the sustainability strategy.