2022 Environmental Social Governance (ESG) Report

EMEA ADVANCING NET ZERO IN THE LOGISTICS AND DISTRIBUTION SECTOR A large e-commerce client engaged our team to help reduce the carbon footprint of their warehouses across Europe to align with their climate goals. Energy reduction measures had to be identified and prioritized based on the estimated energy savings and feasibility of implementation to help such a large, international company make a significant impact in the short term. A range of measures were considered from upgrading building fabric to suggesting behavioral and operational changes or introduction of renewable technologies. Our sustainability consultants in the region collected and collated energy data for all sites to benchmark and prioritize sites that required the most investment to reduce energy consumption. From there, our teams produced improvement plans to clearly communicate the most effective energy conservation measures for each site and how the site's energy consumption compared to industry benchmarks and other warehouses. We also helped the client form the timeline and next steps required for implementing the proposed measures to set them up for meaningful advancement toward their net zero carbon goals.

ASSESSING SUSTAINABILITY IN THE HOSPITALITY SECTOR The UK, Netherlands and Italy Sustainability teams joined forces with the EMEA Hospitality team to assess the sustainability goals of a portfolio of 11 luxury hotels in Italy. Through collaboration, we developed a customized ESG scorecard of top sustainability priorities specific to the hospitality industry to use for assessing each property. The ESG assessments include improvement recommendations classified into three categories: minimal requirements to meet legislation and industry standards, easy wins and long-term potential. Each improvement measure includes the required investment, return on investment, proposed implementation timeline, and certification and regulatory compliance readiness. Leveraging the scorecard, Cushman & Wakefield has developed decarbonization pathways for all properties in the portfolio and is now implementing BREEAM in-use certification at some. DTZ Investors (DTZI) set an ambitious target to achieve net zero carbon for all discretionarily managed assets by 2040. To demonstrate this commitment, their assets across the UK needed to meet current and future regulations, demonstrate climate resilience, ensure reduction in operating costs and cater to the increased occupier demand while maximizing income and long-term value. We offered a variety of services to help DTZI meet their goals in the years to come, including supporting them in developing a responsible investment strategy and policy, modeling net zero targets and delivering asset level net zero audits. We also provide insights on the best practices for refurbishment and new construction to optimize energy use. To help ensure that these strategies work as intended and to support DTZI in demonstrating progress against their ambitious goals, our team is helping them complete quarterly and annual ESG reports. SUPPORTING DTZ INVESTORS ON THEIR NET ZERO JOURNEY

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