UnThink - Industry Trends Topic Guide
teresa kotlicka
Created on November 6, 2023
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Industry TrendsTopic Guide
Everything you need for your second mentoring topic is curated here.Hit start and dive in.
Start
jan17th
Click the images to access the study material of each module.
late jan/early feb
mid/late feb
Your Industry Trends Journey
The numbers indicate the order in which the modules are supposed to be completed. For the best use of your and your partner's time, review the Mentoring 1:1 modules before you meet.
1
2
4
3
IntroductionPAT Client Survey
Mentoring 1:1Wildcard
MasterclassESG
Mentoring 1:1AI
earlyjan
Click the headlines to reveal details.
Headlines
Key results
PAT Trends Survey
Introduction: PAT client survey 2023
1:1 - Wildcard
In July 2023 PATRIZIA has released the real estate and infrastructure trends from its 3rd annual Client Survey. The survey is based on the views of over 120 respondents from our international institutional investor base. Read the headline results below and the full results on
1:1 - AI
Masterclass - ESG
Real Estate
Infrastructure
Perspective from Philipp Schaper
Accelerating the transition from brown to green
Perspective from Graham Matthews
Market creates caution in expanding portfolios
Integrating the ‘E’ in ESG became industry standard
The acceleration to real assets continues
Strong conviction for megatrends investments
PIN.
PAT Trends Survey
1:1 - Wildcard
1:1 - AI
Masterclass - ESG
Masterclass - ESG
Meet our expert guests:
- Director of KLH Sustain-ability, a sustainable construction consultancy
- Constructed the London 2012 Olympic Park
- Lecturer at Cambridge Uni
- Gen X
- Based in LON
- ESG Manager Europe at PATRIZIA
- Book author
- PAT Academy trainer
- Gen Y
- Based in HAM
Kirsten Henson
Konrad Hedemann
- ESG Manager Europe at PATRIZIA
- ED&I Council member
- PAT Academy trainer
- Gen Y
- Based in AMS
Zaïda Thépass
Discussing ESG initiatives inside and outside PAT
Pre-masterclass-reflection:
What does sustainability mean to you?
Share your pov on the Miro board here!
Mentoring 1:1 - Artificial Intelligence
"AI will not replace humans, but humans with AI will replace humans without AI." So, how can we best realise the potential of AI to stay ahead of the curve? The listen and the read identify relevant conversation topics to explore in your 1:1 meeting(s).
PAT Trends Survey
1:1 - Wildcard
1:1 - AI
Masterclass - ESG
Miro Board
Questions
Questions
Questions
Listen
Read
Takeaways
Productivity debate
Skills debate
Ethical debate
"It would be even better if..."
Share your learnings with your peers*:
*If you have individual insights that you only want to share with the UnThink team, email us via unthink@patrizia.ag.
Pre 1:1 - 45min.
During 1:1 - 60min.
Post 1:1 - 15min.
Mentoring 1:1 - Wildcard
Besides ESG and AI there are other relevant trends affecting our industry. In this module you have the chance to bring in your trend of choice. Feel free to discuss your preferred trend informally or follow the guidance below to have a more specific conversation.
PAT Trends Survey
1:1 - Wildcard
1:1 - AI
Masterclass - ESG
Instruction
Miro Board
Pre 1:1 - 45min.
Trend of your choice
During 1:1 - 60min.
Together discuss the guiding questions you defined under "Pre 1:1" > "+ Instruction".
Post 1:1 - 15min.
Takeaways
"It would be even better if..."
Share your learnings with your peers*:
*If you have individual insights that you only want to share with the UnThink team, email us via unthink@patrizia.ag.
Discussion
Any questions, comments, or feedback?Let us know via unthink@patrizia.ag.
Congratulations on completing your second topic!Next stop: Wellbeing(Mar-Apr)
According to the survey, 85% of investors believe brown-to-green development will increase over the next 12 months, of which nearly a quarter expect a significant increase. At the same time, two out of three investors anticipate an uplift in capital expenditure and refurbishment programmes, reflecting growing investor focus on value creation through hands-on asset management.
Accelerating the transition from brown to green
According to the survey, investors have a clear preference for allocating to the sectors that address the global megatrends, with a particular focus on decarbonisation. Fifty six percent said they plan to increase their investments in renewable energy, such as solar and wind farms, over the next five years, while 45% expect to increase their allocation to the energy transformation and alternative energy solutions, such as biogas and hydrogen. Likewise, nearly 40% plan to decrease their exposure to traditional energy sources, such as nuclear, coal and gas.
Strong conviction for megatrends investments
“Investors understand that the global megatrends of decarbonisation, digitalisation, urbanisation and demographic change make the long-term picture for infrastructure highly attractive. These megatrends underpin our global investment strategy at PATRIZIA and continue to drive the growth of our infrastructure platform, which now accounts for around 15% of PATRIZIA’s total AUM. While the market environment has clearly subdued client sentiment, our survey shows that strong appetite remains for scaling infrastructure portfolios with a focus on the energy transition, supporting the fundamental convictions we have for our flagship European & Asia-Pac infrastructure strategies.”
Graham MatthewsCEO Infrastructure at PATRIZIA
This year’s survey indicates that investors are more cautious on expanding their real estate allocations, reflecting the uncertainty in the current market environment. The majority of investors (55%) intend to keep their real estate portfolios unchanged, with around a fifth planning an increase in allocations and 28% intending to decrease over the next five years. In comparison, last year more than 60% of investors said they expected to increase their real estate portfolios over the next five years.
Market creates caution on expanding portfolios
What is the top skill AI is most likely to replace in the future? Share examples from your perspectives.
What is the top skill that is most likely to stay unique to humans? Share examples from your perspectives.
Define three concrete skills that you will start, stop, and continue to make yourself future-ready for the AI age.
Skills Debate
From each of your perspectives...
“Our survey clearly shows the impact that rising interest rates and economic uncertainty are having on investor sentiment. However, more importantly it also underlines our conviction for driving the long-term value of real estate through an active asset management strategy supported by a data-led approach. Despite the short-term volatility, we anticipate the current market conditions, with a widening dual funding gap of rising decarbonisation and debt costs, to offer exciting investment opportunities. Investment managers with a rock-solid balance sheet and exceptional asset management and development capabilities like PATRIZIA are in a strong position to create most value.”
Philipp SchaperCEO European Real Estate at PATRIZIA
Is there an educated risk that AI will turn against humanity one day? Please explain why or why not.
What ethical considerations are associated with the carbon footprint of AI systems? How should organisations address the environmental impact of such large-scale AI infrastructure?
Is it ethically justifiable to use AI in decision-making processes that affect employees' careers and opportunities, e.g., algorithms for screening CVs, personalizing training programs, assessing performance, automating promotions, etc.? What strategies can be applied to mitigate bias?
Ethical Debate
From each of your perspectives...
the main focus for investors continues to be on measuring their climate impact. Eighty two percent said they will track the energy consumption of their real estate investments over the next five years (+19% y-o-y). Over the same period, nearly three quarters will measure direct (Scope 1) CO2 emissions (+12% y-o-y), 65% will track indirect (Scope 2) CO2 emissions (+67% y-o-y) and 46% will measure Scope 3 CO2 emissions along their value chain (+40% y-o-y).
Integrating the ‘E’ in ESG has become industry standard
Sixty percent of investors said they plan to increase the share of infrastructure in their portfolios over the next five years, of which 11% plan a significant increase of more than 10%. While investor sentiment towards growing infrastructure allocations remains strong, a slight slowdown in the rate of growth (20% planning a significant increase in 2022) reflects the more tentative outlook on the current market environment.
The acceleration to real assets continues
From each of your perspectives...
Productivity Debate
How do you currently use or interact with AI to be more productive? Discuss specific tools and their applications.
To which extent can AI-enabled performance be attributed to the employee vs. the machine? Is the individual performance of the employee likely to be impacted by using AI?
When AI is applied to increase an organisation's efficiency, will there be less jobs or new jobs for humans? What are the reasons for your view?