CBRE, the world’s largest commercial real estate investment and services firm, has pledged to achieve net zero carbon emissions by 2040.
The Dallas-based company’s commitment includes emissions from its own operations and the properties it manages for investors and occupiers, as well as indirect emissions from the supply chain.
CBRE’s operational footprint alone is huge, with over 100,000 employees serving clients in over 100 countries. However, the company also manages more than 2.7 billion square feet of properties worldwide, significantly expanding the scale of its carbon reduction challenge. As such, the 2040 target is a decade further out than the 2030 target of the major consulting firms – including the Big Four Accounting Firms and the Big Three Strategy Firms – which are focusing more on their own offices and businesses. travel by consultants.
Net zero involves reduced emissions (for example, through efficient buildings and energy from renewable sources) combined with investments in projects that remove the carbon dioxide remaining produced by the activities of a company. business – including forests, farms, and carbon capture and mineralization technologies.
“As the world’s largest commercial real estate manager, we have a special obligation to help the world meet the many challenges posed by global warming,” said Bob Sulentic, President and CEO by CBRE. “CBRE is deeply committed to doing its part and working with our customers and across our vast global supply chain to help achieve net zero emissions as quickly as possible. It is an essential part of our commitment to the communities in which we operate.
As part of its net zero strategy, CBRE joined The Climate Pledge, a group of companies and organizations led by Amazon and Global Optimism that have committed to achieving zero carbon 10 years ahead of the deadline. Paris agreement.
The company, which provides real estate management, property sales and leasing, and strategic advisory services, has consistently received accolades for its environmental, social and governance (ESG) programs. Over the past eight years, CBRE has claimed a place in the FTSE4Good Index, a series of ethical investing stock indices. The company is also ranked No.22 on Barron’s 2021 list of 100 Most Sustainable Companies, which ranks US state-owned companies on sustainability factors such as supply chain human rights, emissions greenhouse gas emissions, business ethics, product safety and labor relations.