CORESTATE CEO Parmantier intensifies sustainability initiative and names Georg Schattney new Group Head of ESG and Sustainability Officer

• Direct line of report to CEO Parmantier underscores growing importance of ESG
• Parmantier: "We want to raise Group-wide initiatives to a new level through this appointment"
• Schattney: "Sustainability and attractive real estate investments are inseparably connected"

Frankfurt, 5 October 2021. CORESTATE, a leading independent real estate investment manager in Europe, has named Georg Schattney (51) its new Group Head of ESG and Sustainability Officer with effect from 1 October. Due to the increasing strategic importance of ESG considerations, Schattney will report directly to CEO René Parmantier, who hopes to use the newly established position to further promote the Corestate Group's sustainability initiatives across the full spectrum of its business activities.

Georg Schattney has excellent credentials for overseeing the company's efforts in the challenging field of ESG and has long-standing, extensive and relevant expertise in a number of areas, including the important topic of sustainable finance. In Schattney, Corestate has gained an expert with more than 20 years of experience at respected companies such as Deutsche Börse and Deutsche Bank. During his time at these companies and as a consultant in the private equity and energy industry, he developed a comprehensive national and international network.

CEO René Parmantier: "We want to further enhance our already highly successful efforts in the field of sustainability, which is growing ever more important for the real estate sector, and raise it to a new level. That is why I am particularly pleased that we were able to attract Georg Schattney for this important task. Against the backdrop of rising regulatory requirements such as the Sustainable Finance Disclosure Regulation, or SFDR, he will refocus our ESG activities and play an instrumental role in assuring a good future for our customer portfolio across all of the asset classes we manage - from real estate equity to debt."

Georg Schattney: "Sustainability and attractive real estate products are not a contradiction in terms. Instead, they will be inseparably connected going forward, thanks in no small part to the EU's action plan for the green deal. It is fully clear that sustainability must become an ever stronger part of our business model, and I am highly motivated to drive forward this development at Corestate. We face exciting issues of importance for the future. The development of a new generation of sustainable finance products, such as green bonds, is just one example of the topics we need to tackle beside the ever-more important question of sustainability management at a property-specific and corporate level."

Corestate discusses significant progress along its ambitious sustainability journey in its ESG report, which was published in late September. For example, Corestate succeeded in reducing CO2 emissions per square metre at its managed properties by 8% year on year, or six percentage points more than planned. During the same period, the company also cut energy consumption per square metre by 7% (target: 5%) and lowered water consumption by 14% (target: 2%).

Corestate's ESG report is available at: https://corestate-capital.com/wp-content/uploads/2021/09/esg-report-2021.pdf

Press contact
Jorge Person
T: +49 69 3535630-136 / M: +49 162 2632369
jorge.person@corestate-capital.com

Investor Relations contact
Dr Kai Gregor Klinger
T: +49 69 3535630-106 / M: +49 152 22755400
ir@corestate-capital.com
 

About CORESTATE Capital Holding S.A. (CORESTATE)
CORESTATE is an investment manager and co-investor with around € 27 billion in assets under management. The company sees itself as a manager for the entire length of the real estate value chain. Thanks to its fully integrated real estate platform, it is able to offer investors a wide range of services, especially the opportunity to invest in large-scale societal trends such as urbanisation, demographic shifts or sustainability - trends that will continue to have a decisive influence on the living and working environment in the long term. The consistent focus on asset classes that will be successful in the long run constitutes a central cornerstone of the company strategy. At CORESTATE, all concepts are supported with ESG expertise that is unique to the industry. With some 800 experts, CORESTATE offers clients and investors a full range of services and consultation from a single source, from project financing and real estate management to sales. CORESTATE is listed on the Frankfurt Stock Exchange and operates as a respected business partner for institutional and semi-institutional investors as well as high-net-worth private investors in 13 countries across Europe, with offices in Frankfurt, Vienna, Zurich, Paris, Madrid and London. Please visit www.corestate-capital.com for further information.

Forward-looking statements
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