2021 Environmental Social Governance (ESG) Report

Science Based Targets and Net Zero Commitment, Progress and Strategy (305-5)

In September 2021, Cushman & Wakefield announced ambitious science-based targets to reduce GHG emissions that were approved by the SBTi, and we committed to reaching net zero by 2050.* In July 2022, we were among the first group of companies to have our net zero target approved through the SBTi's Net-Zero Corporate Standard, the world's first framework for corporate net zero target setting in line with climate science. Our targets were pledged through the Race to Zero campaign and align with the SBTi’s Business Ambition for 1.5C pathway—two initiatives using climate science frameworks to reach net zero in a global effort to avoid the most catastrophic impacts of climate change.

These ambitious science-based targets build upon Cushman & Wakefield’s longstanding commitment to reducing our own environmental impact across the property life cycle, in addition to reducing our suppliers’ and clients’ impacts. We are in the process of developing a detailed GHG emissions reduction roadmap. The roadmap will focus on the following key achievement levers:

SCIENCE BASED TARGETS AND NET ZERO COMMITMENT

ACHIEVEMENT LEVERS

• Increase renewable electricity portfolio • Reduce energy use through space optimization and energy efficiency projects • Take on new and more efficient leased space • Encourage less travel in more efficient corporate vehicles and aircraft

Reduce absolute scope 1 and 2 greenhouse gas (GHG) emissions across our corporate offices and operations 50% by 2030 from a 2019 base year

• Engage our most significant managed-portfolio clients to deliver on their own sustainability goals (e.g., help improve their energy efficiency and GHG reduction programs) • Track client progress over time

Engage our clients, representing 70% of emissions at our managed properties (scope 3), to set science-based targets by 2025

• Making progress toward our SBTi-approved GHG emissions targets is part of our strategy on the path to achieving net zero • We will continue to engage with SBTi to set targets and identify achievement levers on our journey to net zero

Reach net zero emissions across our entire value chain (scopes 1, 2 and 3) by 2050

*Our GHG emissions targets are subject to change in the event of significant or structural changes in Cushman & Wakefield (including acquisitions, divestiture, mergers, insourcing or outsourcing), KPI methodology changes, or changes in data reported due to improved calculation methodologies or better data accessibility.

70 | CUSHMAN & WAKEFIELD 2021 ESG REPORT