Frasers Property has announced the appointment of Paolo Bevilacqua as its group head of sustainability.
Previously the general manager of Real Utilities, an energy retailer and utilities business and wholly owned entity of Frasers Property Australia, Bevilacqua will continue to be based in Sydney, Australia, reporting to group chief corporate officer, Chia Khong Shoong in Singapore, the company said in a statement.
In this newly created role, Bevilacqua will deepen Frasers Property’s environmental, social and governance (ESG) agenda, working closely with the leadership team and with its business units, as well as exploring strategic partnerships with external stakeholders aligned with the group’s ESG ambitions.
“It is critical for our future readiness to take the initiative and embed ESG considerations as part of our corporate strategy. Stakeholder expectations of organisations’ commitment to the ESG agenda have picked up pace and the creation of this new role is an opportune time to further elevate the group’s focus,” said Shoong.
“Paolo has already been leading a group-wide taskforce over the last few years, so his familiarity with the Group’s sustainability efforts and progress, coupled with his deep expertise in the real estate and energy sectors make him the right candidate to helm and drive our ESG efforts. Paolo’s appointment also highlights our existing bench strength in sustainability and reflects our commitment in providing opportunities for internal mobility and progress.”
With two decades of experience in the real estate sector, Bevilacqua is well recognised as one of Australia’s leading sustainability professionals. Paolo’s sustainability credentials include senior appointments as vice chair of the International Living Future Institute, and former chair of the Board of Living Future Institute Australia. He also represents Frasers Property on the Property Council of Australia’s National Sustainability Roundtable.
Paolo joined Frasers Property in 2011 as sustainability manager for Frasers Property Australia and was promoted to general manager for sustainability before his prior position as general manager of Real Utilities.
“I am delighted to take up this opportunity to further our efforts and drive impactful progress on the ESG front. Leveraging on the substantial progress we have made towards decarbonisation with our group-wide 2050 net-zero carbon goal, development of carbon reduction targets and work on our climate adaptation and mitigation plans, we are in a strong position to build on our ESG priorities. I look forward to tapping on the knowledge and expertise across the group to build a regenerative and resilient business,” said Bevilacqua.
With sustainability a top priority and given the breadth of ESG with varying maturity and diversity of the group’s activities in real estate, sustainability teams have been embedded within each business unit. Across the group, Frasers Property has more than 20 sustainability professionals, tasked with sharing knowledge and expertise to ensure meaningful and consistent progress against our goals.