2022 Environmental Social Governance (ESG) Report
SASB INDEX
This is the third year Cushman & Wakefield is disclosing data using the Sustainability Accounting Standards Board (SASB) real estate services standard. We seek to continue to enhance our internal tracking systems and disclosure in future years in order to disclose all information suggested by the SASB standard for disclosure on a global basis.
Accounting/Activity Metric Code
Disclosure Sustainability Services
Revenue from energy and sustainability services
IF-RS-410a.1
For owners, we offer a variety of property management services, which include client accounting, engineering and operations, lease compliance administration, project and development services and sustainability services. See the Sustainability Services section for more information on the energy and sustainability services we provide to clients. We do not currently report revenue from transactions associated with energy and sustainability services separately from reporting of our total revenue. In 2022, we provided energy and sustainability services to over 930 million square feet globally, representing over 38,000 buildings. We are working to enhance tracking of the total floor area and number of buildings provided with energy and sustainability services across our global portfolio. In 2022, 945 of Cushman & Wakefield’s managed properties obtained an energy rating, representing over 113 million square feet of floor area. Dual agency occurs when Cushman & Wakefield professionals represent both the owner and prospect with respect to the same property. Our policy is that such dual agency must be properly disclosed and consented to by both the owner and prospect (in accordance with applicable law and our policy). If disclosure is not required by local law, our policy on dual agency still requires our professionals to inform both the prospect and owner immediately upon learning of dual agency. Following notification, the professionals involved are required to either receive express, written approval or withdraw from the transaction. If dual agency is approved, our policy requires steps be taken to ensure loyalty and good faith toward both parties. We serve the world’s real estate owners and occupiers, delivering a broad suite of services through our integrated and scalable platform. Our business is focused on meeting the increasing demands of our clients through a comprehensive offering of services, including Property, Facilities and Project Management, Leasing, Capital Markets, Valuation and other services. As reported in our 2022 10-K, revenues for “Valuation and Other“ were $495.5 million in 2022. For more information on our 2022 revenues by Service Line, please see our 2022 10-K. We do not currently report revenue from transactions associated with appraisal services separately from reporting of our total revenue. In 2022, we generated total revenues of $10.1 billion, and total service line fee revenue of $7.2 billion.
(1) Floor area and (2) number of buildings under management provided with energy and sustainability services
IF-RS-410a.2
(1) Floor area and (2) number of buildings under management that obtained an energy rating
IF-RS-410a.3
Transparent Information & Management of Conflict of Interest
Brokerage revenue from dual agency transactions
IF-RS-510a.1
Revenue from transactions associated with appraisal services
IF-RS-510a.2
2022 Revenues by Service Line Property, Facilities and Project Management – 48% Leasing – 29% Capital Markets – 16% Valuation and Other – 7%
124 | CUSHMAN & WAKEFIELD 2022 ESG REPORT
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