2022 Environmental Social Governance (ESG) Report
TARGET
ACHIEVEMENT LEVERS
CURRENT PROGRESS
• 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 • 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 • 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
Observed a 33% reduction in Scope 1 and 2 (market-based) GHG emissions since 2019. Sourced 48% of C&W’s electricity for its operations in 2022 from renewable sources.
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 clients, representing 70% of emissions at our managed properties (Scope 3), to set science based targets by 2025.
Clients representing 30% 15 of emissions have set science-based targets.
Reach net zero emissions across our entire value chain (scopes 1, 2 and 3) by 2050.
Observed a 24% reduction in entire value chain since baseline 2019.
15 This percentage reflects data for properties under management for 2022 and 2023 (through June). Beginning with 2023, our engagement target will be reported on an annual basis for each calendar year.
40 | CUSHMAN & WAKEFIELD 2022 ESG REPORT
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