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Sustainability (image) Sustainability (image)

Sustainability Matters in Commercial Real Estate

Cushman & Wakefield is committed to a sustainable future, achieving a balance between environmental, technological, economic and social objectives. In an effort to deepen our understanding, Cushman & Wakefield also engages with environmental advocates. Listening to the voices representing environmental issues permits us to form a more robust and meaningful environmental strategy. 

Here at Cushman & Wakefield we believe that property should be sustainable. 

Read: 20 things you need to know about sustainability and property

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. 

  1. 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.   

  2. 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.   

  3. 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, today. 

Cushman & Wakefield has had our emissions reduction targets approved by the Science Based Targets initiative (SBTi) as consistent with levels required to meet the goals of the Paris Agreement.

Our SBTi 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

Our Net Zero Commitment through Business Ambition for 1.5°C

  • 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

 

net zero journey infographic (image)
SBTi & Net Zero Commitment

Cushman & Wakefield envisions a world of healthy, sustainable buildings that put the wellbeing of people and the planet first.

Download Infographic

SBTI (image)
Video: SBTi Commitment

Cushman & Wakefield is taking bold action for the future of real estate, today. For our people, for our clients and for our planet.

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Sustainability Services

Prepare your real estate portfolio for the challenges ahead by partnering with Cushman & Wakefield’s Energy & Sustainability team.

Learn more

What should sustainable cities look like? 

To support our future, the urban ecosystem needs to be at the heart of urban and development planning. While some might argue that’s a constraint on development, it’s actually an opportunity. 

Sustainable cities are a critical feature of a successful economic and social approach to how and where we live our lives and play a role in the health of our environment. 

Read: Sustainable cities: why going green is the way forward.

Zero carbon 

Carbon is a term that’s been coming up more frequently around the board room—and COVID-19 has only amplified the conversation. As businesses start to look past COVID-19, they are viewing carbon reduction as a critical step to mitigating climate change, recruiting and retaining employees, and better serving their customers, shareholders and stakeholders.  

Read: Find out what it means to become ‘carbon neutral’ or achieving ‘net zero'

Climate change 

A scientifically proven, long term shift we are seeing in temperature averages and extremes. Compared to a historical average, since the start of the industrial revolution, scientists recognize we are seeing much higher temperature levels. Rising temperatures lead to an increase in volatile weather conditions—flood, drought, shrinking ice caps, rising sea levels. 

The impacts of the COVID-19 pandemic have been vast-reaching, affecting billions of individuals’ daily lives and interactions with our communities. One major area being heavily impacted: greenhouse gas (GHG) emissions. With most of the world performing some form of social distancing, industrial productivity and commuting has declined immensely, resulting in fewer greenhouse gas emissions, a leading contributor to global climate change. 

Read: The impact of COVID on climate change.

How can you be more sustainable as a business? 

Sustainability is not just the right thing to do for the environment, your employees, and the future of our planet—it’s good business. By measuring the sustainability and societal impact through environmental, social, and governance criteria, our team of sustainability experts can help you better determine the future financial performance of your company. 

Read: Learn how we can serve your sustainability needs

How do we approach sustainable real estate events?

We believe events should be sustainable. Cushman & Wakefield is committed to operating in a sustainable way. We recognize that change needs to happen in all aspects of what we do, how we work and who we work with. We believe that demonstrating our sustainability commitments in the way we approach events is a natural part of our ESG journey. 

Read: Learn how our Global Sustainable Events Charter introduces a checklist of key criteria that we are committed to delivering.

 

Sustainable Insights

Sustainability_Commitments
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New York City Climate Mobilization Act Overview

Cushman & Wakefield’s Environmental, Social and Governance (ESG) team breaks down the NYC Climate Mobilization Act and how our ESG and engineering professionals can help pave a roadmap for legislative compliance. 
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Article • Sustainability

COP26 Glasgow Climate Summit: Implications for Real Estate

World leaders representing governments and industry came together in Glasgow, Scotland for COP26 to address how to achieve targets set as part of the Paris Climate Agreement 2015.
Andrew Phipps • 11/16/2021
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The Impact of the Coal Agreement on Asia Pacific Buildings

Coming out of COP26, the end of coal is in sight with more than 40 countries, including major players across Asia Pacific committing to phasing down coal. Exciting country commitments include Indonesia, Vietnam, South Korea and Singapore, as well as the strengthened net-zero commitments of Japan made earlier this year. In a new ‘Global Coal to Clean Power Transition Statement’, countries also committed to scaling up clean power and ensuring a just transition away from coal.  

Rebecca Jinks • 11/16/2021
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Climate Risk: Real (E)STATE OF EMERGENCY

Following the sobering assessment of climate risk by the UN’s Intergovernmental Panel on Climate Change (IPCC) and ahead of the imminent COP26 summit in Glasgow, in our latest report, Real (E)state of Emergency, we give our view on the impetus for the property industry across Asia Pacific to act.
10/26/2021
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How to keep real estate relevant by repurposing buildings in a rapidly changing environment

The pandemic has been widely recognised as an accelerant to many changes which were already materialising across the real estate industry.  
David Tonks • 10/22/2021
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2021 Top Cities for ENERGY STAR Certified Buildings

In June 2021, the U.S. Environmental Protection Agency (EPA) released its annual “Top Cities” list, presenting the cities with the largest number of ENERGY STAR® certified commercial and multifamily buildings in the past year. 
Jack Pufunt • 10/20/2021
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WEBINAR SERIES | THE SUSTAINABILITY IMPERATIVE FOR DATA CENTRES

With the extremely high consumption of power by data centres and the significant carbon footprint the sector generates, there is a need to strengthen sector-wide standards and commitments for the sustainable data centre operations.
Kevin Imboden • 9/29/2021
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Insights • Sustainability

Climate risk

Climate risk is now a reality which will impact current and future value of property. When we talk about climate risk, we invariably mean one of two things – the transitional risk of moving towards a low carbon economy or the physical risks associated with climate change.
Elsbeth Quispel • 9/29/2021
building at a time (image)
Article • Sustainability

Battling Climate Change One Building at a Time

The phrase “build back better” was used to describe the efforts by governments around world to rebuild and position the economy for recovery in the wake of the COVID-19 pandemic. We believe this should also be the approach towards achieving a more sustainable environment and addressing climate change.

Natalie Craig • 9/13/2021
ESG-Card
Insights • Sustainability

Monitoring and Measuring ESG in an Era of Remote Working

With the adoption of remote and hybrid working hastened by the global pandemic, we look at where emissions are coming from, quantify them and examine the implications for ESG reporting in 2021 and beyond.
Rebecca Jinks • 9/6/2021
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Green is Good Sustainable Office Outperforms in Class A Urban Markets

As investor interest in ESG strategy rises, LEED-certified office provides a key indicator on comparative performance By 2023, 80% of investors intend to incorporate ESG into their strategy.
Jacob Albers • 8/31/2021
Energy (image)
Article • Sustainability

Countering Climate Change with ENERGY STAR Portfolio Manager

Running buildings efficiently is critical to not only save money, but also to help protect the environment. 

 

Jack Pufunt • 8/3/2021
Global Sustainable Events Charter (image)
Insights • Sustainability

Global Sustainable Events Charter

We believe that demonstrating our sustainability commitments in the way we approach events is a natural part of our ESG journey.
Rose Ellis • 7/21/2021
Glass office facade with tree Australia
Video • Sustainability

Webinar: Carbon Neutrality - Shifting to Neutral to Drive Real Estate Sustainability

Learn about a whole lifecycle carbon reduction plan – a road map for real estate investors/developers/landlords in China, and other considerations and what's in it for real estate investors, developers and landlords.
James Shepherd • 6/23/2021
Sustainability 101 (image)
Research • Sustainability

Sustainability 101: Your Guide to Critical Definitions

We have created a list of terms and definitions we think are of particular importance when it comes to sustainability and commercial real estate.
Andrew Phipps • 6/7/2021
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Insights • Sustainability

The Role of Cities in Defining Our Environmental Future

To support that future, the urban ecosystem needs to be at the heart of urban and development planning. While some might argue that’s a constraint on development, it’s actually an opportunity.
Andrew Phipps • 6/3/2021
Edge Carbon (image)
Insights • Sustainability

All about carbon

Companies often talk about becoming ‘carbon neutral’ or achieving ‘net zero,’ but what does that actually mean?
Melissa Gutierrez-Sullivan • 5/26/2021
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Research • Sustainability

20 Things you Need to Know About Sustainability and Property

While sustainability is a major challenge that we are all aware of, the details may be less transparent. We've highlighted 20 things we think should be known about sustainability and real estate.
Andrew Phipps • 5/13/2021
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Sustainability: a global conversation

We sat down with sustainability experts from around the world to discuss their thoughts on this important topic.
Rebecca Jinks • 3/31/2021
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Podcast • Sustainability

Podcast: The Sustainability Imperative

Now with a global pandemic and businesses reimagining how they want to operate, the world's largest investors are placing sustainability at the centre of their investment approaches.
Katie Henry • 3/29/2021
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Up in the air: climate change uncertainty in an uncertain time

The impacts of the COVID-19 pandemic have been vast-reaching, affecting billions of individuals’ daily lives and interactions with our communities.
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Insights

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Earth day (image)
Celebrating Earth Day at Cushman & Wakefield

Cushman & Wakefield celebrates the 51st anniversary of Earth Day, a day to demonstrate commitment to environmental protection and take action for the future of the planet.

Learn More

Resources
Learn more about what we can do for your business and our ongoing commitment to contributing to a better world through sustainable, ethical and responsible practices.
Sustainability Services Corporate Social Responsibility

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