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PATRIZIA SE, founded in 1984, is a global leading real asset management company specializing in real estate and infrastructure. Headquartered in Germany, it operates 28 offices worldwide. PATRIZIA SE joined the Net Zero Asset Managers initiative in February 2023 and made its initial Target Disclosure in February 2024.

Initial Target Disclosure: February 2024

Percentage of assets covered by the Net Zero Asset Managers Commitment Statement

20% of total AUM (USD $10.4 billion)

Information on interim target(s) covering the proportion of assets to be managed in line with net zero



Carbon Intensity 49.1 kgCO2/m2/yr
Energy Intensity 178.4 kwh/m2/yr



Reduce energy intensity by 30% and carbon intensity, by 50% by 2030.


Achieve net zero carbon status across our corporate operations and real assets portfolio by 2040 or earlier, with a clear ambition to execute as fast as stakeholder requirements permit.

GHG scopes included:

PATRIZIA has made a commitment to monitor and reduce the carbon emissions associated with the Assets under Management and recognises an improvement of the quality of analysis year on year. PATRIZIA discloses its annual Scope 1-3 combined emissions for real estate operations.


Own/other methodology


PATRIZIA SE has set interim targets for 2030, consistent with best practice recommendations by the Intergovernmental Panel on Climate Change (IPCC) to achieve a 50% global reduction in CO2. PATRIZIA’s commitment includes scope 1, 2 and the most material scope 3 carbon emissions.

Additional information

Proportion of AUM committed:

100% of discretionary funds in scope are committed to achieving net zero carbon status by 2040. The proportion of AUM included above indicates the assets over which we have discretionary investment control. The out-of-scope discretionary funds are currently winding down, therefore are not included. PATRIZIA does not have ultimate decision-making authority over non discretionary funds. However, where possible PATRIZIA aims to encourage and influence funds to to apply a policy in order to achieve net zero carbon status by 2040

Further information:

The Annual Report includes PATRIZIA SE’s TCFD report

PATRIZIA Net Zero Carbon Strategy

PATRIZIA Infrastructure conducts a separate NZAM submission – please find it here –