2022 Environmental Social Governance (ESG) Report

ENVIRONMENT

SCIENCE-BASED TARGETS AND NET ZERO COMMITMENT, PROGRESS AND STRATEGY [305-5] In alignment with our Global Environment Policy and ongoing environmental sustainability efforts, in 2021 we set and publicly announced science-based targets for greenhouse gas (“GHG”) emissions reductions across our value chain, in both our own offices and facilities we manage on behalf of clients. Our targets are as follows: > Target 1: Reduce GHG emissions across our corporate offices and operations (Scopes 1 and 2) 50% by 2030 from a 2019 base year. > Target 2: Engage our clients, representing 70% of emissions at our managed properties (Scope 3), to set their own science-based targets by 2025. In July 2021, Target 1 and Target 2 were validated by the Science Based Targets initiative (“SBTi”), a global body enabling businesses to set emissions reductions targets in line with the latest climate science. In June 2022, we were among the first group of companies to have our net zero target (Target 3) validated by the SBTi’s Net Zero Corporate Standard, the world's first framework for corporate net zero target setting in line with climate science. These science-based targets 14 build upon Cushman & Wakefield’s longstanding goal of reducing our own environmental impact across the property life cycle in addition to reducing our suppliers’ and clients’ impacts. We believe they are important goals in the global effort to avoid the most catastrophic impacts of climate change. > Target 3: Reach net zero emissions across our entire value chain (Scopes 1, 2 and 3) by 2050.

Additionally, as part of our amended credit agreement in 2022, we added certain pricing terms tied to the firm’s science-based targets listed above, which evidences our commitment to these targets.

14 These targets are voluntary, subject to change, and should be considered aspirational. Further, our GHG emissions targets are subject to change in the event of significant or structural changes in Cushman & Wakefield (including acquisitions, divestiture, mergers, insourcing or outsourcing), key performance indicator methodology changes, or changes in data reported due to improved calculation methodologies or better data accessibility.

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