Commercial, Energy Efficiency, GHG Emissions, Commercial, Sourcing Renewables - August 17, 2023
Cushman & Wakefield Lowers Emissions by 33%
Cushman & Wakefield, a global commercial real estate services firm, announced a 33% reduction in Scope 1 and 2 (market-based) GHG emissions since its 2019 baseline.
The company also observed a 51% reduction in total Scope 1 and 2 (market-based) GHG emissions per million square feet of office space in 2022 as compared to 2021 and was recognized among the first group of companies to have a net zero commitment validated by the Science Based Targets initiative (SBTi).
Cushman & Wakefield sourced 48% of its electricity for its operations from renewable sources in 2022, was named an ENERGY STAR® Partner of the Year for the 11th consecutive year in 2023 and provided energy and sustainability services to more than 38,750 buildings totaling approximately 930 million square feet of space globally.
The real estate company also launched a new Global Sustainability Learning course that was provided to its employees with an overview of sustainability and its importance. Details were released in its 2022 Environmental, Social and Governance (ESG) Report.
“Through our work, we aim to deliver real estate services with the highest standards of environmental care and social responsibility to drive purposeful change for our business and clients,” said Cushman & Wakefield CEO Michelle MacKay in a statement. “Around the world, many of our clients are looking to us to help achieve their own ESG goals. Our size, scale and balance of strategic and technical capabilities make us well-suited to integrate ESG within the property lifecycle for our own firm and to help our clients do the same. Cushman & Wakefield’s 2022 ESG Report shows the firm’s meaningful progress in achieving our goals.”
The report is prepared in accordance with the Global Reporting Initiative’s (GRI) revised Universal Standards and also contains disclosures recommended in the Real Estate Services standards that were developed by the Sustainability Accounting Standards Board (SASB).
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