Real estate consultancy Knight Frank has appointed Jackie Cheung as director of environmental, social and governance (ESG) for Asia-Pacific and Singapore, according to a May 14 announcement.
Cheung is based in Singapore and is responsible for leading the firm’s ESG efforts across the region. He reports to Tim Armstrong, global head of occupier strategy and solutions; and to Low Kin Hon, deputy chief executive officer and head, valuation and advisory at Knight Frank Singapore.
Cheung joined Knight Frank two years ago in Hong Kong and has been instrumental in transforming the firm's approach to ESG in Greater China, says the firm.
According to Knight Frank's (Y)OUR SPACE 2023 survey, ESG considerations are increasingly influencing real estate decisions among occupiers in the Asia Pacific. Three-quarters of the survey’s respondents believe ESG ambitions will significantly impact real estate decisions over the next three years.
Integrating ESG factors into portfolio planning is no longer optional but a strategic imperative, says Armstrong. “We are committed to serving as a trusted ESG advisor for our clients. I am delighted to welcome Jackie to the team as we continue to shape ESG at the heart of our future real estate strategies and portfolios.”
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According to Low, the real estate industry in Singapore is fast adopting sustainability practices and innovating constantly “so as to play a key part in being a responsible contributor to the environment”. “Jackie’s blend of skills and experience will be helpful to many Singapore clients who are in the midst of adjusting to these dynamic changes.”
Cheung says: "I am joining Knight Frank Asia-Pacific and Singapore at a time ESG has been gaining increasing traction, driven by policy mandates, financial incentives, and a growing recognition of its importance. With this transition to the regional role, my overarching goal remains steadfast: by integrating ESG principles into the core operations of the firm, we can foster a culture of running a trusted and responsible business.”
Photo: Knight Frank
