Commercial, GHG Emissions - December 15, 2020
CBRE sets SBTi-approved 68% emissions reduction target
CBRE Group announced Dec. 14 its target to reduce Scope 1 and 2 emissions 68% by 2035 from a 2019 baseline and that the goal has been approved by the Science Based Targets initiative.
The commercial real estate company is targeting a reduction in emissions from both its own operations and the properties it manages around the world for investors and occupiers. CBRE plans to cut emissions from facilities it manages for occupiers by 79% per square foot and reduce emissions from properties it manages for investors by 67% per square foot, both by 2035.
CBRE is also committed to achieving 100% renewable electricity by 2025 while transitioning its vehicle fleet to electric models.
“As the world’s largest manager of commercial properties, CBRE can play an outsized role in helping to limit the rise in global temperatures,” President and CEO Bob Sulentic said in a statement. “We are deeply committed to using our expertise, resources and market influence to help our clients sharply reduce the emissions their properties generate and to applying best practices that improve the sustainability of our own operations. This is not only good for the planet—it is good business practice, period.”