Commercial, Energy Efficiency, GHG Emissions, Commercial, Sourcing Renewables - September 1, 2017
CBRE sets 1st ever GHG reduction target
Commercial real estate services and investment firm CBRE Group Inc. has created its first global greenhouse gas emissions reduction goal, aiming to cut Scope 2 emissions 30% by 2025 and 50% by 2025.
The targets will compare the Los Angeles, Calif.-based company's emissions to a 2015 baseline, according to its 10th annual corporate responsibility report.
In 2016 compared to 2015, CBRE said it reduced Scope 2 emissions 12.6% despite a 470,000 square foot increase in occupied space due to acquisitions; the result exceeded its goal by 9.6%. Aiming eventually toward a science-based goal approved by the Science Based Targets Initiative, the company said it plans to set a Scope 1 emissions reduction goal by the end of 2018.
CBRE's corporate responsibility report, developed in accordance with Global Reporting Initiative standards, also outlines how it plans to achieve those targets through energy efficiency and renewable energy use.
In addition to energy reductions achieved through the implementation of efficiency projects and purchasing "green power" and renewable energy credits, CBRE said its "Workplace 360" initiative — intended to optimize workplace resources such as space, energy and paper — will play a role in reducing energy use and carbon emissions.
Additionally, the company in 2016 registered and benchmarked 1,975 buildings totaling more than 314 million square feet to the U.S. EPA's Energy Star program. CBRE said its 288 Energy Star labeled buildings under management represent nearly 3.5% of the total U.S. office buildings labeled in Energy Star.