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Palmira Capital Partners further expands ESG Competence

Palmira Capital Partners (Palmira), a leading European investor and asset manager of logistics and corporate real estate, is further reinforcing its commitment to environmental, social and corporate governance (ESG) issues with the appointment of addi-tional staff are to the firm’s ESG Competence team.

Palmira’s ESG Team is being restructured as a separate business unit that will allow the company to broaden its ESG capabilities that have been acquired and developed in recent years. The expansion will also boost Palmira’s efficiency from the aspect of EU taxonomy.

Christean Schmidt, 32, the new Head of Sustainability, is now leading the ESG team. In this newly created position, he is 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 deci-sions, 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, Christean 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, Palmi-ra’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.