2022 Environmental Social Governance (ESG) Report
ECONOMIC IMPACT IN THE U.S. In 2022, Cushman & Wakefield commissioned a study with the Consulting and Business Development Center at the University of Washington Foster School of Business in an attempt to help us to understand the economic impact of our spend with diverse suppliers (the “UW Economic Impact Report”). The study analyzed the impact of Cushman & Wakefield’s diverse supplier spend from 2019 to 2021 in the United States, which spend totaled as much as $1.2 billion with more than 4,000 diverse businesses. The study used US Bureau of Economic Analysis modeling techniques to estimate the total economic value that each dollar of direct spend produces as it cycles through the economy. We believe this study provides quantitative details about how our Supplier Diversity Program has positively impacted the communities we serve by creating jobs and influencing local economies.
2019-2021 IMPACT - U.S. As cited by the UW Economic Impact Report ECONOMIC IMPACT $1.79 billion Estimated impact on primary and intermediate industries JOBS CREATED 12,923 Estimated new employment generated EARNINGS GENERATED $548 million Estimated impact on employee and proprietor earnings
VALUE ADDED $933 million
Estimated value added in terms of earnings, taxes to government and profit of companies
86 | CUSHMAN & WAKEFIELD 2022 ESG REPORT
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