HONG KONG SAR – Media OutReach – September 18, 2023 – Cushman & Wakefield (NYSE: CWK), one of the world’s leading commercial real estate services companies, today released its
Environmental, Social and Governance (ESG) Report 2022. The ESG report covers the company’s global impact and progress in key ESG areas in 2022, as well as progress against targets for the years ahead, as the company helps shape a more sustainable future and more inclusive for commercial real estate.
Cushman & Wakefield views ESG as a key priority for the firm and strives to take bold steps to advance ESG within its operations and for its clients around the world. The firm prioritizes responsible corporate citizenship, reducing its environmental impact and creating an inclusive workplace for all, while enabling its clients to do the same.
“Through our work, we aim to provide real estate services that meet the highest standards of environmental protection and social responsibility to drive targeted change for our society.
our businesses and our clients,” said Michelle MacKay, CEO of Cushman & Wakefield. “Across the world, many of our clients are turning to us to help them achieve their own ESG goals. Our size, scale and balance of strategic and technical capabilities make us well-positioned to integrate ESG into our own company’s property lifecycle and to help our clients do the same. Cushman & Wakefield’s 2022 ESG Report shows the significant progress the company is making in achieving our goals. »
Some of the company’s recent ESG highlights include:
ENVIRONMENTAL
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Recognized among the first group of companies to have a
net zero commitment validated by the Science Based Targets initiative (SBTi). -
Observed a
33% reduction in scope 1 and 2 GHG emissions (market-based) since our 2019 reference. -
Observed a
51% reduction in total scope 1 and 2 GHG emissions (market-based) per million square feet of office space in 2022 compared to 2021. -
Source
48% of Cushman & Wakefield’s electricity for its operations from renewable sources[1] sources in 2022. -
Named one
ENERGY STAR® Partner of the year for the 11th consecutive year in 2023. -
Provided
energy and sustainable services in more than 38,750 buildings totaling approximately 930 million square feet (msf) of space worldwide. -
Launched new
Global Sustainability Learning Course to provide our associates with insight into sustainability and why it matters to Cushman & Wakefield.
SOCIAL
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Spent $802.4 million with more than 3,600 diverse suppliers[2] in 2022 in North America, an increase of 38% compared to the previous year.
-
Women at Cushman & Wakefield
Against 42% in 2021Against 22% in 2021
- People Managers: 43% women
Against 42% in 2021
- Board of Directors: 44% women at the date of publication of the 2022 ESG Report
Compared to 40% as reported in our 2021 ESG report
- 45% of U.S. employees are racially/ethnically diverse[3]
- Named 2023 Forbes America’s Best Employers for Diversity
- Named a 2023 Military Friendly® Employer in the USA
- Named 2022 Best Workplace for LGBTQ EqualityHuman rights campaign
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In 2022, more than 30,000 eligible employees completed two required DEI training courses, resulting in an 85% completion rate and more than
62,000 hours of DEI training. -
Produces more than
2,100 reports and thought leadership parts, including information on durability, work experience, logistics and more.
GOVERNANCE
- Added ESG oversight responsibilities to the nominating, corporate governance and audit committees of the board of directors.
- Named International Ethical Standards (IES) Coalitionbusiness supporter
-
Confirmed that 92% of employees have completed our annual assessment
Training on the professional code of conduct.
The 2022 ESG Report offers an in-depth analysis of what Cushman & Wakefield has accomplished, what is planned, and how the company’s values in ESG areas are having an impact.
The report is prepared in accordance with the revised Global Reporting Initiative (GRI) universal standards, which guide the development of the content and data provided therein. The report also contains information recommended in the property services standards developed by the Sustainability Accounting Standards Board (SASB).
Download Cushman & Wakefield
ESG Report 2022.
[2] A business that is at least 51% owned and operated by a historically underrepresented or underserved individual or group is considered a diverse supplier.
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