WE ARE ANSWERING THE SUSTAINABILITY QUESTION
As a global leader in commercial real estate, Cushman & Wakefield know the opportunity we have to partner with some of the largest occupiers and investors in the world. We are well aware of the urgency required. It is one thing to provide the ideas and strategies for a better, more sustainable world. However, what we stand by is our ability to execute sustainability strategies at all stages, for all asset classes and clients. We believe that is what makes the difference between wanting change to happen in the future and having the people and the purpose to be Living Change Now.
Read more about our research and views on Sustainability here.
What is sustainability?
Sustainability is about meeting the needs of the present without compromising the ability to future generations to meet their own needs.
Sustainability is a complicated topic. And while most of us are generally familiar with the term, the details may be less transparent.
Read: We have created a list of terms and definitions we think are of particular importance when it comes to sustainability and commercial real estate.
What are the three pillars of sustainability?
ESG stands for Environmental, Social and Governance standards, Material topics in each of the ESG pillars and operational/ business approach to ESG varies by business, company, stakeholder group compositions and values.
- Environmental factors include the contribution a company or government makes to climate change through greenhouse gas emissions, along with waste management and energy efficiency. Given renewed efforts to combat global warming, cutting emissions and decarbonizing is become more important.
- Social includes human rights, labor standards in the supply chain, any exposure to illegal child labor, and more routine issues such as adherence to workplace health and safety. A social score also rises if a company is well integrated with its local community and therefore has a ‘social license’ to operate with consent.
- Governance of a corporation refers to the rules, processes, laws, guidelines and guiderails that inform a company’s operations and controls. Corporate governance takes into account the decision-making authorities, rights and impacts on various stakeholders including a board of directors, shareholders, management and employees.
How do we approach sustainability?
With 53,000 people around the world, Cushman & Wakefield makes a significant impact on employees, clients, shareholders, communities and the environment. Corporate social responsibility is embedded in our firm’s practices and strategic vision for the future.
Read: Our Corporate Social Responsibility initiatives.
How are we committed to a sustainable future?
We’re taking bold action for the future of real estate.
Cushman & Wakefield has had our emissions reduction targets and net zero commitment approved by the Science Based Targets initiative (SBTi) as consistent with levels required to meet the goals of the Paris Agreement.
Our Science Based Targets and Net Zero Commitment
- Target #1: Reduce absolute scope 1 and 2 greenhouse gas (GHG) emissions across our corporate offices and operations 50% by 2030 from a 2019 base year
- Target #2: Engage key clients, some of the world’s largest real estate owners and occupiers, representing 70% of emissions at our managed properties (scope 3) to set science-based targets by 2025
- Target #3: Reach net zero value chain emissions (scopes 1, 2 and 3) by 2050
Download our Science Based Targets and Net Zero Commitment infographic.
Join us on our net zero journey by learning more about our sustainability services.