Frasers Property Names Paolo Bevilacqua Group Head of Sustainability
Paolo Bevilacqua has been appointed Group Head of Sustainability at Frasers Property Limited.
Paolo, who was previously the General Manager of Real Utilities, an energy retailer and utilities firm entirely owned by Frasers Property Australia, will remain in Sydney and report to Group Chief Corporate Officer Chia Khong Shoong in Singapore.
Paolo will enhance Frasers Property's environmental, social, and governance (ESG) agenda in this newly established job, working directly with the leadership team and business units as well as establishing strategic relationships with external stakeholders aligned with the Group's ESG aspirations.
“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 the pace and the creation of this new role is an opportune time to further elevate the Group’s focus,” said Chia. “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 to providing opportunities for internal mobility and progress.”
With over 20 years of experience in the real estate business, Paolo is known as one of Australia's best sustainability experts. Paolo has held top positions in sustainability, including Vice Chair of the International Living Future Institute and former Chair of the Board of the Living Future Institute Australia. He is also on the National Sustainability Roundtable of the Property Council of Australia, where he represents Frasers Property.
Paolo started working for Frasers Property in 2011 as the Sustainability Manager for Frasers Property Australia. Before that, he was the General Manager of Real Utilities.
As the General Manager of Real Utilities, Paolo has made sure that all of the energy used in Australian developments is carbon-neutral. This has set a new standard for sustainability in the industry. He will continue to serve as a director for Frasers Property's Real Utilities.
To complement his work at Real Utilities, Paolo has spent the last three years as the head of the Sustainability Project Management Office, where he has been responsible for directing the Group's strategy for incorporating sustainability into operations across all asset classes and regions.
“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, the 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 into the knowledge and expertise across the Group to build a regenerative and resilient business,” said Bevilacqua.
Source: Frasers Property