{"id":2546,"date":"2023-11-21T14:11:35","date_gmt":"2023-11-21T13:11:35","guid":{"rendered":"https:\/\/patrizia.dev4.de\/?post_type=real_insights&#038;p=2546"},"modified":"2024-05-17T11:02:24","modified_gmt":"2024-05-17T09:02:24","slug":"impact-investing-is-here-to-stay","status":"publish","type":"real_insights","link":"https:\/\/patrizia.haraldo.dev\/de\/real_insights\/impact-investing-is-here-to-stay\/","title":{"rendered":"Impact investing is &#8218;here to stay&#8216;"},"content":{"rendered":"\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lte922ek-8791d1e3a08c6beccad9be96644f2bb9\">\n.avia-section.av-lte922ek-8791d1e3a08c6beccad9be96644f2bb9{\nbackground-repeat:no-repeat;\nbackground-image:url(https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/Impact_investing_article_image.jpg);\nbackground-position:50% 50%;\nbackground-attachment:scroll;\nmargin-top:0px;\nmargin-bottom:0px;\n}\n<\/style>\n<div id='av_section_1'  class='avia-section av-lte922ek-8791d1e3a08c6beccad9be96644f2bb9 header_color avia-section-no-padding avia-no-border-styling  avia-builder-el-0  el_before_av_codeblock  avia-builder-el-first  avia-full-stretch avia-bg-style-scroll av-minimum-height av-minimum-height-30vw av-height-percent_width  container_wrap fullsize'  data-section-bg-repeat='stretch' data-av_minimum_height_pc='30' data-av_min_height_opt='percent_width'><div class='container av-section-cont-open' ><main  role=\"main\" itemprop=\"mainContentOfPage\"  class='template-page content  av-content-full alpha units'><div class='post-entry post-entry-type-page post-entry-2546'><div class='entry-content-wrapper clearfix'><\/div><\/div><\/main><!-- close content main element --><\/div><\/div><div id='after_section_1'  class='main_color av_default_container_wrap container_wrap fullsize'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-full alpha units'><div class='post-entry post-entry-type-page post-entry-2546'><div class='entry-content-wrapper clearfix'>\n\n<section  class='av_textblock_section av-lte96203-dc126903d2f00a0bda57a53717261c17 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><h1 class=\"ce-news--detail__title\">Impact investing is &#8218;here to stay&#8216;<\/h1>\n<\/div><\/section>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ltg6tm67-19714fc5d6a07f501c584b9076755f6f\">\n#top .flex_column.av-ltg6tm67-19714fc5d6a07f501c584b9076755f6f{\nmargin-top:0px;\nmargin-bottom:0px;\n}\n.flex_column.av-ltg6tm67-19714fc5d6a07f501c584b9076755f6f{\nwidth:53.2%;\n}\n.responsive #top #wrap_all .flex_column.av-ltg6tm67-19714fc5d6a07f501c584b9076755f6f{\nmargin-top:0px;\nmargin-bottom:0px;\n}\n<\/style>\n<div  class='flex_column av-ltg6tm67-19714fc5d6a07f501c584b9076755f6f av_three_fifth  avia-builder-el-3  el_after_av_textblock  el_before_av_one_half  first flex_column_div  column-top-margin'     ><section  class='av_textblock_section av-lwafkxbs-6431ca3527d1e64bc6d21862227b3e22 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><p>by Dr. Andrew Belt, Simone Wipplinger<\/p>\n<\/div><\/section><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ltg6xkyg-50f8750a3e1c7fea0ed005dde30a665b\">\n#top .flex_column.av-ltg6xkyg-50f8750a3e1c7fea0ed005dde30a665b{\nmargin-top:0px;\nmargin-bottom:0px;\n}\n.responsive #top #wrap_all .flex_column.av-ltg6xkyg-50f8750a3e1c7fea0ed005dde30a665b{\nmargin-top:0px;\nmargin-bottom:0px;\n}\n<\/style>\n<div  class='flex_column av-ltg6xkyg-50f8750a3e1c7fea0ed005dde30a665b av_one_half  avia-builder-el-5  el_after_av_three_fifth  el_before_av_three_fourth  first flex_column_div  '     ><\/div><\/p>\n<div class='av-column-wrapper-individual av-mobile-columns-flex av-columns-reverse'>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ltg3231x-94aa074a67a0f36a85eda2a8c2305d1c\">\n#top .flex_column.av-ltg3231x-94aa074a67a0f36a85eda2a8c2305d1c{\nmargin-top:0px;\nmargin-bottom:0px;\n}\n.responsive #top #wrap_all .flex_column.av-ltg3231x-94aa074a67a0f36a85eda2a8c2305d1c{\nmargin-top:0px;\nmargin-bottom:0px;\n}\n<\/style>\n<div  class='flex_column av-ltg3231x-94aa074a67a0f36a85eda2a8c2305d1c av_three_fourth  avia-builder-el-7  el_after_av_one_half  el_before_av_one_fourth  first flex_column_div  column-top-margin'     ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ltmyvw44-8b319a8f166b7c6397d7f3f2c53abb55\">\n#top .av-post-metadata-container.av-ltmyvw44-8b319a8f166b7c6397d7f3f2c53abb55{\ncolor:#b2b2b2;\nmargin:60px 0 5px 0;\n}\n<\/style>\n<div  class='av-post-metadata-container av-ltmyvw44-8b319a8f166b7c6397d7f3f2c53abb55 av-metadata-container-align-left  avia-builder-el-8  el_before_av_textblock  avia-builder-el-first  real_insights-meta2 av-metadata-container-1'><div class='av-post-metadata-container-inner'><span class=\"av-post-metadata-content av-post-metadata-meta-content\"><span class=\"av-post-metadata-content av-post-metadata-published\"><span class=\"av-post-metadata-published-date\" >21. November 2023<\/span><\/span><\/span><\/div><\/div><br \/>\n<section  class='av_textblock_section av-ltfowa7i-1bded3df6f5697d50c75d224ae90fcc8 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock ri-teaser'  itemprop=\"text\" ><h3><span class=\"text--red\"><strong>Risk and return used to be the two key factors dictating investment decisions. A third equally important dimension \u2013 impact \u2013 is now incorporated into decision-making.<\/strong><\/span><\/h3>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-ltfovcys-484f772acd58bc3bc2e6a0951ba46225 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><p>Impact relates to environmental and social issues \u2013 or the \u2018E\u2019 and \u2018S\u2019 in ESG. ESG, across Europe at least, is embedded in investment decisions. An example of this is the fact that 70% of the 120 investors who took part in the PATRIZIA Client Survey 2023 say that ESG criteria are an important part of their investment process.<\/p>\n<p>Impact investing is the most explicit demonstration of environmental and social issues driving investment decisions. PATRIZIA launched its PATRIZIA Sustainable Communities impact investing strategy in 2022. For an overview of the company\u2019s approach towards this type of investment, we spoke to PATRIZIA Head of Investments \u2013 Europe and Fund Manager of PATRIZIA Sustainable Communities, Marleen Bikker-Bekkers, and PATRIZIA Head of Capital Markets Netherlands, Saskia van den Bronk\u2026<\/p>\n<\/div><\/section><\/p><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ltfp5x23-57a1f9d161345c95e1344345e05bbfe4\">\n#top .flex_column.av-ltfp5x23-57a1f9d161345c95e1344345e05bbfe4{\nmargin-top:0px;\nmargin-bottom:0px;\n}\n.responsive #top #wrap_all .flex_column.av-ltfp5x23-57a1f9d161345c95e1344345e05bbfe4{\nmargin-top:0px;\nmargin-bottom:0px;\n}\n<\/style>\n<div  class='flex_column av-ltfp5x23-57a1f9d161345c95e1344345e05bbfe4 av_one_fourth  avia-builder-el-11  el_after_av_three_fourth  el_before_av_one_half  ri-inhaltsverzeichnis flex_column_div  column-top-margin'     ><div  class='av-social-sharing-box av-ltegg3rr-c727199f5d672709402708ebfbb4e7e0 av-social-sharing-box-default  avia-builder-el-12  avia-builder-el-no-sibling  av-social-sharing-box-fullwidth'><div class=\"av-share-box\"><h5 class='av-share-link-description av-no-toc '>Insight teilen<\/h5><ul class=\"av-share-box-list noLightbox\"><li class='av-share-link av-social-link-square-x-twitter avia_social_iconfont' ><a target=\"_blank\" aria-label=\"Share on X\" href='https:\/\/twitter.com\/share?text=Impact%20investing%20is%20%E2%80%9Ahere%20to%20stay%E2%80%98&#038;url=https:\/\/patrizia.haraldo.dev\/de\/?p=2546' data-av_icon='\ue933' data-av_iconfont='entypo-fontello'  title='' data-avia-related-tooltip='Share on X'><span class='avia_hidden_link_text'>Share on X<\/span><\/a><\/li><li class='av-share-link av-social-link-linkedin avia_social_iconfont' ><a target=\"_blank\" aria-label=\"Teilen auf LinkedIn\" href='https:\/\/linkedin.com\/shareArticle?mini=true&#038;title=Impact%20investing%20is%20%E2%80%9Ahere%20to%20stay%E2%80%98&#038;url=https:\/\/patrizia.haraldo.dev\/de\/real_insights\/impact-investing-is-here-to-stay\/' data-av_icon='\ue8fc' data-av_iconfont='entypo-fontello'  title='' data-avia-related-tooltip='Teilen auf LinkedIn'><span class='avia_hidden_link_text'>Teilen auf LinkedIn<\/span><\/a><\/li><li class='av-share-link av-social-link-mail avia_social_iconfont' ><a  aria-label=\"Per E-Mail teilen\" href='mailto:?subject=Impact%20investing%20is%20%E2%80%9Ahere%20to%20stay%E2%80%98&#038;body=https:\/\/patrizia.haraldo.dev\/de\/real_insights\/impact-investing-is-here-to-stay\/' data-av_icon='\ue805' data-av_iconfont='entypo-fontello'  title='' data-avia-related-tooltip='Per E-Mail teilen'><span class='avia_hidden_link_text'>Per E-Mail teilen<\/span><\/a><\/li><\/ul><\/div><\/div><\/div><\/div><!--close flex column wrapper. Autoclose: 1 -->\n<div class='flex_column_table av-ltfmkbpj-2c9f047e1f1f2ac89a78d3ac5b2424b8 sc-av_one_half av-equal-height-column-flextable'>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ltfmkbpj-2c9f047e1f1f2ac89a78d3ac5b2424b8\">\n#top .flex_column_table.av-equal-height-column-flextable.av-ltfmkbpj-2c9f047e1f1f2ac89a78d3ac5b2424b8{\nmargin-top:20px;\nmargin-bottom:0px;\n}\n.flex_column.av-ltfmkbpj-2c9f047e1f1f2ac89a78d3ac5b2424b8{\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-ltfmkbpj-2c9f047e1f1f2ac89a78d3ac5b2424b8 av_one_half  avia-builder-el-13  el_after_av_one_fourth  el_before_av_one_half  first flex_column_table_cell av-equal-height-column av-align-middle av-zero-column-padding  column-top-margin'     ><section  class='av_textblock_section av-ltfo72b3-bd57c7446310794bb2607ac804f3868e '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2553\" src=\"https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/Saskia_van_den_Bronk.jpg\" alt=\"\" width=\"800\" height=\"799\" srcset=\"https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/Saskia_van_den_Bronk.jpg 800w, https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/Saskia_van_den_Bronk-300x300.jpg 300w, https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/Saskia_van_den_Bronk-80x80.jpg 80w, https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/Saskia_van_den_Bronk-768x767.jpg 768w, https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/Saskia_van_den_Bronk-180x180.jpg 180w, https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/Saskia_van_den_Bronk-705x705.jpg 705w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<p style=\"text-align: center;\"><strong>Saskia van den Bronk, PATRIZIA Head of Capital Markets Netherlands<\/strong><\/p>\n<\/div><\/section><\/div>\n<div class='av-flex-placeholder'><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ltfmn3p6-10d9ff6f92f5c11dd39a827072b9180f\">\n#top .flex_column_table.av-equal-height-column-flextable.av-ltfmn3p6-10d9ff6f92f5c11dd39a827072b9180f{\nmargin-top:20px;\nmargin-bottom:0px;\n}\n<\/style>\n<div  class='flex_column av-ltfmn3p6-10d9ff6f92f5c11dd39a827072b9180f av_one_half  avia-builder-el-15  el_after_av_one_half  el_before_av_one_half  flex_column_table_cell av-equal-height-column av-align-middle  column-top-margin'     ><section  class='av_textblock_section av-ltfntrfd-6fe44dd61a46edef4d9797f8645b4ea6 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><h3><span class=\"text--red\"><strong>How does PATRIZIA approach sustainability in real estate investing?<\/strong><\/span><\/h3>\n<p><span class=\"text--black\"><span class=\"text--red\"><strong>Saskia<\/strong><\/span><\/span>: We believe that investors can make an important contribution to achieving the UN SDGs. Governments and public capital are not doing enough. Fortunately, there is a lot of private capital in the world. If we deploy that now in a different, more sustainable way, we can make a difference.<\/p>\n<p>Our ambition in this respect is great: making the SDGs measurable, setting concrete targets and not only trying to achieve them but, if possible, anticipating them. Financial returns must go hand-in-hand with a just future. More broadly, PATRIZIA has identified four sustainability focus areas: social impact, environmental impact, governance impact, and innovation and technology. We need the latter to make real estate and infrastructure more sustainable.<\/p>\n<\/div><\/section><\/div><\/div><!--close column table wrapper. Autoclose: 1 -->\n<div class='flex_column_table av-ltmy662j-8c08e2217fa228d81f770f94fa0bf839 sc-av_one_half av-equal-height-column-flextable'>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ltmy662j-8c08e2217fa228d81f770f94fa0bf839\">\n#top .flex_column_table.av-equal-height-column-flextable.av-ltmy662j-8c08e2217fa228d81f770f94fa0bf839{\nmargin-top:50px;\nmargin-bottom:0px;\n}\n<\/style>\n<div  class='flex_column av-ltmy662j-8c08e2217fa228d81f770f94fa0bf839 av_one_half  avia-builder-el-17  el_after_av_one_half  el_before_av_one_half  first flex_column_table_cell av-equal-height-column av-align-middle  column-top-margin'     ><section  class='av_textblock_section av-ltmy3l89-2551392dbcb661947a2b5bb6898254b2 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><h3><span class=\"text--red\"><strong>How does your impact investment strategy achieve a dual return of better environmental and social outcomes, as well as financial returns?<\/strong><\/span><\/h3>\n<p><span class=\"text--red\"><strong>Marleen<\/strong><\/span>: For our PATRIZIA Sustainable Communities strategy, we have set up three pillars, or themes, that focus on six SDGs in total: affordable housing (SDG 1: \u2018No poverty\u2019), green real estate (SDGs 6: \u2018Clean water and sanitation\u2019, 7: \u2018Affordable and clean energy\u2019 and 13: \u2018Climate action\u2019) and inclusion and connectivity (SDGs 3: \u2018Good health and well-being\u2019 and 4: \u2018Quality education\u2019).<\/p>\n<p>There is a large need for affordable housing in many European cities, particularly among lower-to-middle income people. More than 80 million Europeans spend too much of their income on the home, i.e. they pay more than 40% of their income on housing, and this percentage is rising rather than falling. This is unsustainable. With PATRIZIA Sustainable Communities, we invest in more affordable homes for lower-to-middle income people, who it\u2019s important not to push out of central locations in cities, due to this imbalance of income and living costs.<\/p>\n<p>In terms of climate, all our development projects should be \u2018net zero carbon in operation\u2019. Real estate can make a major contribution to achieving the climate goals because, currently, more than 40% of all energy consumption in the world comes from buildings.<\/p>\n<p>The importance of the third pillar, that of inclusion and connectivity, is evidenced by the fact that more than 75 million people from Europe live in social isolation, i.e. they speak to not more than one person per month socially. We therefore invest in the community, by creating social spaces such as parks, community centres and libraries in or close to our properties and running social programmes there.<\/p>\n<p>As for the financial return, if we cannot achieve at least 12% IRR [internal rate of return] on a project, we do not invest in it. Realising the KPIs for the three impact themes and the financial return therefore go hand-in-hand.<\/p>\n<\/div><\/section><\/div>\n<div class='av-flex-placeholder'><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-8amf6-d06542de1242becd45f77d6cae280fe6\">\n#top .flex_column_table.av-equal-height-column-flextable.av-8amf6-d06542de1242becd45f77d6cae280fe6{\nmargin-top:50px;\nmargin-bottom:0px;\n}\n.flex_column.av-8amf6-d06542de1242becd45f77d6cae280fe6{\npadding:0px 0px 0px 0px;\n}\n<\/style>\n<div  class='flex_column av-8amf6-d06542de1242becd45f77d6cae280fe6 av_one_half  avia-builder-el-19  el_after_av_one_half  el_before_av_one_full  flex_column_table_cell av-equal-height-column av-align-middle av-zero-column-padding  column-top-margin'     ><section  class='av_textblock_section av-ltmy4w77-4e735f34a0b9b7a0e468e1426cac0123 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-2549\" src=\"https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/Marleen-Bikker-Bekkers-824x1030.jpg\" alt=\"\" width=\"824\" height=\"1030\" srcset=\"https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/Marleen-Bikker-Bekkers-824x1030.jpg 824w, https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/Marleen-Bikker-Bekkers-240x300.jpg 240w, https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/Marleen-Bikker-Bekkers-768x960.jpg 768w, https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/Marleen-Bikker-Bekkers-1229x1536.jpg 1229w, https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/Marleen-Bikker-Bekkers-564x705.jpg 564w, https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/Marleen-Bikker-Bekkers.jpg 1440w\" sizes=\"auto, (max-width: 824px) 100vw, 824px\" \/><\/p>\n<p style=\"text-align: center;\"><strong>Marleen Bikker-Bekkers, PATRIZIA Head of Investments \u2013 Europe and Fund Manager<\/strong><\/p>\n<\/div><\/section><\/div><\/div><!--close column table wrapper. Autoclose: 1 -->\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-fzms7h-340941d2ddb49d8be850f233b1549a19\">\n#top .flex_column.av-fzms7h-340941d2ddb49d8be850f233b1549a19{\nmargin-top:50px;\nmargin-bottom:0px;\n}\n.responsive #top #wrap_all .flex_column.av-fzms7h-340941d2ddb49d8be850f233b1549a19{\nmargin-top:50px;\nmargin-bottom:0px;\n}\n<\/style>\n<div  class='flex_column av-fzms7h-340941d2ddb49d8be850f233b1549a19 av_one_full  avia-builder-el-21  el_after_av_one_half  el_before_av_one_full  first flex_column_div  column-top-margin'     ><section  class='av_textblock_section av-ehvjzx-aac17e00c887db6ed5a4708ffc78aca2 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><h3><span class=\"text--red\"><strong>How do you measure the impact of your investments?<\/strong><\/span><\/h3>\n<p><span class=\"text--red\"><strong>Marleen<\/strong><\/span>: Together with consultants from Deloitte, we have built a framework to define a number of measurable KPIs for each impact theme. Regarding affordability, the criterion is that housing costs should not exceed 35% of household income. With housing, we only target the lower-and-middle-income groups in society. With inclusion, we measure, for example, how often residents participate in social engagement programmes.<\/p>\n<p>Not everything is perfectly measurable yet. The framework is still partly under development, but we have made great strides and are measuring much more than before. It is harder work, but fortunately there is also something in return &#8211; a fairer and cleaner world. Of course, we also use GRESB as a tool to measure general ESG criteria, but Sustainable Communities requires its own developed framework to properly measure the impact KPIs we have defined.<\/p>\n<\/div><\/section><\/div>\n<div  class='flex_column av-bvv7kt-2b9dd7a60eecc862e7395dd4c45d3f45 av_one_full  avia-builder-el-23  el_after_av_one_full  el_before_av_one_full  first flex_column_div  column-top-margin'     ><section  class='av_textblock_section av-3xakd-20eb7cb5e5b7b7576da0c1cbed0280d3 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-2551\" src=\"https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/airton_road-1030x603.jpg\" alt=\"\" width=\"1030\" height=\"603\" srcset=\"https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/airton_road-1030x603.jpg 1030w, https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/airton_road-300x176.jpg 300w, https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/airton_road-768x450.jpg 768w, https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/airton_road-1536x900.jpg 1536w, https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/airton_road-2048x1199.jpg 2048w, https:\/\/patrizia.haraldo.dev\/wp-content\/uploads\/airton_road-705x413.jpg 705w\" sizes=\"auto, (max-width: 1030px) 100vw, 1030px\" \/><br \/>\n<strong>Airton Road &#8211; one of the two investments in Dublin made as part of the PATRIZIA Sustainable Communities strategy<\/strong><\/p>\n<\/div><\/section><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ltfon8na-9a47409a6bb47dd93e5350bc371e61da\">\n#top .flex_column.av-ltfon8na-9a47409a6bb47dd93e5350bc371e61da{\nmargin-top:50px;\nmargin-bottom:0px;\n}\n.responsive #top #wrap_all .flex_column.av-ltfon8na-9a47409a6bb47dd93e5350bc371e61da{\nmargin-top:50px;\nmargin-bottom:0px;\n}\n<\/style>\n<div  class='flex_column av-ltfon8na-9a47409a6bb47dd93e5350bc371e61da av_one_full  avia-builder-el-25  el_after_av_one_full  el_before_av_one_full  first flex_column_div  column-top-margin'     ><section  class='av_textblock_section av-8thnql-f17dfe3b32a4d4a6993379305bee3563 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><h3><span class=\"text--red\"><strong>What investments have been made so far through the strategy?<\/strong><\/span><\/h3>\n<p><span class=\"text--red\"><strong>Marleen<\/strong><\/span>: We have invested in two affordable and social housing projects in Dublin, Ireland, where we are building almost 800 apartments for more than 1,600 lower-to-middle income people. Not only this, but we are also building an annex of a library, not only because the opportunity presented itself, but also because libraries demonstrably have a social function. People come there not only to borrow books, but also to read the newspaper and have a cup of coffee, for instance, and meet each other.<\/p>\n<p>In the pipeline are social and affordable housing projects in the UK at commuting distance from London, care homes for the elderly in Spain and Germany, a redevelopment project converting old, unused property into affordable housing with a community around it in London and several urban regeneration sites in the Benelux.<\/p>\n<p>We choose bottom-up projects that meet our financial, as well as impact, objectives.<\/p>\n<\/div><\/section><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ltmyd2cn-ef788d26ec910bc1f1d78f5663692e4b\">\n#top .flex_column.av-ltmyd2cn-ef788d26ec910bc1f1d78f5663692e4b{\nmargin-top:50px;\nmargin-bottom:0px;\n}\n.responsive #top #wrap_all .flex_column.av-ltmyd2cn-ef788d26ec910bc1f1d78f5663692e4b{\nmargin-top:50px;\nmargin-bottom:0px;\n}\n<\/style>\n<div  class='flex_column av-ltmyd2cn-ef788d26ec910bc1f1d78f5663692e4b av_one_full  avia-builder-el-27  el_after_av_one_full  el_before_av_hr  first flex_column_div  column-top-margin'     ><section  class='av_textblock_section av-ltmybxe5-47841fffbf600fd8867bde678cc45db1 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><h3><span class=\"text--red\"><strong>What\u2019s your outlook on the future of impact investing?<\/strong><\/span><\/h3>\n<p><span class=\"text--red\"><strong>Saskia<\/strong><\/span>: Impact investing is here to stay. It\u2019s a strategy still in its infancy. Fortunately, the realisation that we are falling behind rather than ahead in achieving the SDGs is gaining ground. Some sceptics speak of hype, but we emphatically do not believe that.<\/p>\n<p>Fortunately, many regulations are coming and regulators are steering towards a minimum allocation for impact investing. Pension fund members, especially young people, are also increasingly getting involved in the discussion. In Denmark, for instance, they can already opt for SRI (Socially Responsible Investments).<\/p>\n<\/div><\/section><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ltmyecfe-2b651bd3d16e25e6cd5ea82c952b4d0e\">\n#top .hr.av-ltmyecfe-2b651bd3d16e25e6cd5ea82c952b4d0e{\nmargin-top:30px;\nmargin-bottom:30px;\n}\n.hr.av-ltmyecfe-2b651bd3d16e25e6cd5ea82c952b4d0e .hr-inner{\nwidth:100%;\nborder-color:#000000;\n}\n<\/style>\n<div  class='hr av-ltmyecfe-2b651bd3d16e25e6cd5ea82c952b4d0e hr-custom  avia-builder-el-29  el_after_av_one_full  avia-builder-el-last  hr-center hr-icon-no'><span class='hr-inner inner-border-av-border-thin'><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Lesedauer<\/span> <span class=\"rt-time\"> 12<\/span> <span class=\"rt-label rt-postfix\">Minuten<\/span><\/span><\/p>\n","protected":false},"author":13,"featured_media":2547,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[57,33],"tags":[92,80,96,78,99,89,75,97,95,100,82,98,77,76,101],"ri-category":[],"coauthors":[147,163],"class_list":["post-2546","real_insights","type-real_insights","status-publish","format-standard","has-post-thumbnail","hentry","category-making-an-impact","category-real_insights","tag-building-communities","tag-decarbonisation-en","tag-dublin","tag-environment-en","tag-estatements","tag-impact-investing","tag-investment-en","tag-london","tag-macro-environment","tag-net-zero","tag-residential","tag-responsible-investing","tag-sustainability-en","tag-sustainable-futures-en","tag-wellbeing"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - 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