CORESTATE continues to implement its ESG strategy and has set up its first charitable foundation. The purpose of the CORESTATE Foundation is to promote local environmental and social programs in the Frankfurt area. One special feature is that the foundation’s projects will be financed by donations from CORESTATE employees. These employees can also actively support the foundation’s projects on site on so-called Solidarity Days.
Frankfurt, March 02, 2020. CORESTATE Capital Holding S.A. (CORESTATE), a leading independent investment manager for real estate in Europe, continues to implement its ESG strategy and has set up its first charitable foundation. The purpose of the CORESTATE Foundation is to promote local environmental and social programs in the Frankfurt area. One special feature is that the foundation’s projects will be financed by donations from CORESTATE employees. These employees can also actively support the foundation’s projects on site on so-called Solidarity Days.
Lars Schnidrig, CEO of CORESTATE Capital Group: “By publishing our first ESG Report last year, we gave an account of our Group-wide ESG measures and committed ourselves to achieving key environmental, social and governance objectives. Against this backdrop, CORESTATE and its employees are keen to assume responsibility and support local aid organizations and social projects through the new CORESTATE Foundation.”
The CORESTATE Foundation is starting its commitment by supporting the Kinderschutzbund Frankfurt e.V. Deutscher Kinderschutzbund is a nationwide, non-profit organization and lobby for children that has been committed to the protection, rights and improvement of the living conditions of children and their families since its foundation in 1953. Stefan Schäfer, Managing Director of the Frankfurt Kinderschutzbund: “The CORESTATE Foundation will help to ensure that families in need receive a baby starter kit containing the most important things they need to start their new family life. We are very much looking forward to the donations because they are an investment in the future of children.”
About CORESTATE Capital
CORESTATE is an investment manager and co-investor with around € 28 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 (SDAX) 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.
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