2023 Sustainability Report Summary

INTRODUCTION OUR CLIENTS OUR PLANET OUR PEOPLE AND COMMUNITIES OUR BUSINESS ACKNOWLEDGEMENTS

2023 SUSTAINABILITY REPORT | 11

STORIES OF PROGRESS

AMERICAS Sustainability for All Stakeholders in the U.S. The Americas Asset Services ESG Advisory Team supported Blue Atlantic Partners (BAP), a multifamily real estate investment firm, in completing a GRI-aligned materiality assessment. This comprehensive evaluation aimed to identify the most material ESG topics for both BAP and its stakeholders. The insights gleaned from this assessment were instrumental in our team’s ability to shape BAP’s inaugural ESG policy, showcasing the firm’s commitment to sustainability practices and aligning with industry benchmarks. Additionally, the ESG Advisory Team prepared a score modeling for BAP’s inaugural GRESB submission, set for 2024. The analysis produced valuable results enabling us to identify quick-win opportunities for the firm to accomplish by yearend to maximize their scoring potential for their subsequent submission. Beyond these initiatives, our support extended to BAP in responding to ESG-related due diligence questionnaires (DDQs) tailored for current and potential investors. The ESG Advisory Team’s work with BAP demonstrates a combined commitment to ESG considerations, which underscores the tangible and positive impact of our ESG advisory services. EMEA Repositioning or Repurposing Assets to Maximize Client Value ReThinking, an initiative launched in 2023, is a service that maximizes client value by repositioning or repurposing assets. The program is driven by the findings of recent research in Europe on the office sector landscape, which uncovered that an estimated 76% of office stock in Europe is at risk of obsolescence by 2030. The study identifies the causes and repercussions of the deep structural changes faced by this segment of commercial real estate. It underscores that shifting economic needs and increased energy efficiency legislation are driving growing lease instability and high vacancy rates.

Following are some examples of Cushman & Wakefield solutions that provide sustainable value for our clients:

APAC Supporting More Than 400 McDonald’s Restaurants Green Certification in China — Top LEED Partner for Top LEED-Certified Restaurant Globally In early 2023, McDonald’s appointed Cushman & Wakefield’s Project & Development Services China team to its panel of preferred Leadership in Energy and Environmental Design (LEED) certification partners. Over the course of this partnership, the team supported more than 400 LEED restaurant certifications for McDonald’s, becoming the top LEED volume services provider in the Chinese mainland in 2023. By the end of 2023, McDonald’s China had attained LEED certification for more than 2,500 new restaurants. This has resulted in McDonald’s China operating more LEED-certified restaurants than any other brand globally, with continued growth expected. In addition, the Cushman & Wakefield team has begun to enhance McDonald’s internal certification processes to support increasing volumes of data and assisted with the implementation of new certification standards for planned projects in the coming years.