2023 Sustainability Report

INTRODUCTION OUR CLIENTS OUR PLANET OUR PEOPLE AND COMMUNITIES OUR BUSINESS ACKNOWLEDGEMENTS ABOUT THIS REPORT APPENDICES

2023 SUSTAINABILITY REPORT | 20

Client Sustainability Services

Our Approach Thought Leadership Innovation and Technology

Stories of Progress

INCLUSIVE CITIES BAROMETER – QUANTIFYING THE SOCIAL VALUE OF OUR CITIES Cushman & Wakefield has published a comprehensive urban inclusion data set: The Inclusive Cities Barometer. The Barometer evaluates the inclusiveness of 44 European, Middle Eastern and African (EMEA) cities and 35 Asia Pacific (APAC) cities, based on nearly 9,000 data points, 110 metrics across four dimensions and 12 subdimensions. The cities represented in the Barometer are at varying stages of their journey toward more inclusive and vibrant urban environments. Instead of ranking cities by performance, our Barometer measures their progress relative to these starting points, highlighting exemplary successes and providing actionable roadmaps for improvement. We are actively using this data set to advise clients on their real estate strategies and help them drive social value across their real estate life cycle. Learn more here . PARTNERING WITH THE SOCIAL VALUE PORTAL TO PROVIDE RESVI CERTIFICATION To enhance our advisory capabilities on social issues, Cushman & Wakefield has partnered with the Social Value Portal, a UK-based organization that aims to improve the way companies measure, manage and report social value, and provide rigor to the process. The organization has developed RESVI (Real Estate Social Value Index), a detailed, standardized reporting tool that helps measure, validate, report and improve the social value generated by “in-use” real estate and infrastructure assets. In 2023, RESVI became an accepted building certification for GRESB, the international real estate assessment. Through our partnership with the Social Value Portal, Cushman & Wakefield is one of a handful of organizations that can undertake the RESVI accreditation on behalf of its clients. The RESVI certification is available in EMEA and is expected to also become available in APAC. SUPPLY CHAIN MANAGEMENT SERVICES We manage procurement spend across our own operations and on behalf of our clients. The largest proportion of total procurement is accounted for by our sourcing on behalf of clients. For our responsible sourcing practices, see the Supply Chain Management section in the Better for Our Business chapter of this report. Our sustainability teams are rethinking approaches to a new era of obsolescence risk. They aim to provide solutions to the problem of how to address tightening legislation, in tandem with investor and tenant demand, in the most cost-effective way. Repositioning strategies are among the least costly and most efficient options to bring obsolete properties up the curve of value and relevance. Cushman & Wakefield provides a multi-disciplinary solution to help clients assess, analyze and develop action plans to enhance assets so they fit with changing economic, environmental and workplace strategies. Our teams offer seamless coordination and services with a global reach and local execution. 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.