2022 Environmental Social Governance (ESG) Report
SUPPLY CHAIN MANAGEMENT Cushman & Wakefield’s global supply chain comprises thousands of suppliers of goods, services and equipment, including those that support our corporate operations and the suppliers we partner with to serve our clients worldwide. Our global Procurement team manages a platform of suppliers that represents people, processes and technology to deliver value for our clients and within our firm. Due to the nature of certain client relationships, procurement delivery is often a partnership between the central platform team and local property and facilities managers. Our procurement platform provides the tools to deliver due diligence, supplier selection and reporting. We respect human rights throughout our supply chain and strive to engage with suppliers that align with our values and principles and uphold high standards of business integrity and ethical conduct. We engage with our suppliers on ESG matters, ensuring they understand and comply with our Global Vendor/Supplier Integrity Policy, which sets out our expectations in the areas of business integrity, labor practices, health and safety, environmental management, and anti-bribery and corruption. We regularly validate that suppliers are in compliance with our Global Vendor/Supplier Integrity Policy. We continued to enhance and strengthen our supply chain in 2022. Our Procurement team has updated its management strategy, adopted new systems to better manage suppliers and established a tier II spend reporting structure to help properly capture indirect spend. We have also implemented a new supplier management system, ServiceEdge, which has made it easier for Cushman & Wakefield to identify preferred and diverse suppliers and is linked to a diverse supplier database to identify new diverse suppliers not currently within our ecosystem. We also continue to evaluate and leverage third-party solutions to enhance the data collection process for our supply chain program.
RESPONSIBLE SOURCING In 2022, Cushman & Wakefield began efforts to further evolve our practices around responsible sourcing. As we view ourselves as a key supplier to our clients, we strive to incorporate the professional, ethical and legal standards of our clients throughout our own supply chain. In furtherance of these efforts, in 2022 we utilized the services of a leading global consulting firm to analyze and educate us on the gold standard for supply chain management. We also engaged this firm to advise us on an updated framework for our future state responsible sourcing program. The output was the establishment of a roadmap and plan for the implementation of responsible sourcing going forward. This three-year plan is intended to help us enhance due diligence, supplier management and client reporting. Our values, including our commitment to human rights, are embedded throughout our updated process. As of December 2022, we are not aware of any instances of slavery or human trafficking in our business or supply chain. Learn more in the Human Rights section of this report.
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