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Sustainability (image) Sustainability (image)

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. 

  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. 

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

 

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.

 

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

Ready to talk?

Get in touch and we can assist with any additional information you need.

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