2022 Environmental Social Governance (ESG) Report
GHG EMISSIONS Cushman & Wakefield has an opportunity to make a significant impact on GHG emissions associated with commercial real estate, both in our own operations and through services provided to our clients. We generate direct GHG emissions (Scope 1) through stationary and mobile fuel combustion and certain indirect GHG emissions (Scope 2) through purchased energy at our office facilities. We measure other indirect GHG emissions associated with all relevant Scope 3 categories, including:
2022 PERFORMANCE As we work toward achieving our targets, we use various approaches to reduce our environmental impact. For example, we have observed a decrease in our estimated Scope 1 and 2 emissions as a result of actions including: the implementation of energy efficiency initiatives in our metered facilities, space optimization within our portfolio and purchasing renewable energy, including renewable energy certificates. 13 The observed decrease is also partially attributed to improved data collection, resulting in more precise calculations and fewer estimations. See the Science Based Targets and Net Zero Commitment, Progress and Strategy section of this report. Cushman & Wakefield Environmental Milestones Achieved in 2022: > Observed a 33% reduction in Scope 1 and 2 (market-based) GHG emissions since 2019. > Observed a 51% reduction in total Scope 1 and 2 (market-based) emissions per million square feet of office space from 2021. > Sourced 48% of Cushman & Wakefield’s electricity for its operations in 2022 from renewable sources.
> Category 1, Purchased goods and services
> Category 2, Capital goods
> Category 3, Fuel- and energy-related activities
> Category 5, Waste generated in operations
> Category 6, Business Travel (Air & Rail)
> Category 7, Employee Commuting
> Category 11, Use of sold products
> Category 15, Investments
The 2022 Scope 1 and 2 inventory includes 17,529 metric tons of CO2 equivalent Scope 1 emissions from fossil fuel combustion and 7,389 metric tons of CO2 equivalent market-based Scope 2 emissions from purchased energy. Cushman & Wakefield’s location-based Scope 2 emissions from purchased energy are 13,690 metric tons of CO2 equivalent. In 2022, we used a third party to verify our Scope 1, Scope 2 and Scope 3 GHG emissions estimates. This is our third year verifying our emissions. Verification was performed by an independent third party, Apex Companies, LLC. A copy of the Assurance Statement is available here .
Scope 1+2 Total (metric tons CO2e)
10000 15000 20000 25000 30000 35000 40000 45000 50000
Base Year 37,383
-0.1% 37,344
-8.5% 34,180
-27.1% 24,918
0 5000
2019
2020
2021
2022
Percent changes reflect year over year decreases.
13 14,700 MWh of Energy Attribute Certificates were purchased in 2022
38 | CUSHMAN & WAKEFIELD 2022 ESG REPORT
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