2023 Sustainability Report

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

2023 SUSTAINABILITY REPORT | 35

Climate Risk and Resilience

Our Approach 2023 Performance by Target

Waste and Water

Environmental Management

Stories of Progress

SUMMARY OF CUSHMAN & WAKEFIELD CLIMATE RISK AND OPPORTUNITY ASSESSMENT

Integrating Climate Change Mitigation and Resilience Across Our Business Climate-related risks are managed, as appropriate, cross-functionally, including by our Global Legal, Operations, Sustainability and Controllership teams. They use business continuity plans, enterprise risk management assessments and various technology tools to support Cushman & Wakefield’s climate-related risk and opportunity management process. We monitor historical and emerging weather patterns and storm occurrences and have business continuity plans in place for our corporate operations and each managed property. We also have emergency response guidelines, which outline specific steps that must be taken to preemptively prepare every office in case of an emergency, including climate-related events such as flooding and power outages. A team in each of our offices is responsible for implementing the emergency response guidelines locally, with support and guidance from our Global Legal and Corporate ESG teams. Our risk management process will continue to evolve in the future based on best practices and any developments that have the potential to present material influences upon the business. Learn more here.

Category

Risk

Risk Description

Opportunity

Chronic

Extreme heat and cold, droughts

Damage to infrastructure, disruptions to operations and supply chains, threat to human safety and financial losses Increase in operational and adaptation costs

Increase in demand for our services, such as portfolio location strategy, physical climate risk analysis, climate reporting and decarbonization project management By regularly monitoring weather patterns, Cushman & Wakefield could provide solutions to clients related to resiliency to extreme weather and business continuity Higher carbon taxes may lead to an increased demand for our services, including portfolio location strategy, utility management, energy efficiency and procurement plans, and decarbonization project management providing revenue opportunities Increase in demand for our service offerings, including utility management, climate risk scenario analysis, risk mitigation strategies and other regulatory reporting services providing revenue opportunities Increase in demand for our services, including carbon accounting and decarbonization project management, providing revenue opportunities

Physical Risks

Acute

Extreme winds, floods, wildfires

Policy and Legal

Carbon pricing

Costs associated with the introduction of mandatory global carbon pricing

Transition Risks

Enhanced climate related reporting

Regulatory mandates on the measurement and disclosure of climate-related risks, opportunities, management and performance

Technology Costs to transition to low-emissions technologies

Increased costs associated with compliance with regulatory mandates on the use of low emissions energy sources and technology Impacts of a market shift in customer demand toward low carbon solutions

Market

Shift in consumer preferences

Increase in value delivered to clients, providing opportunity to become leading provider of these services and increasing revenue by integrating sustainability into each service offering

Supplier risks

Impacts of a market shift toward supply of low-carbon solutions

More information related to our climate risk mitigation practices can be found in our Non-Financial and Sustainability Information Statement .

Reputation Increasing pressure from stakeholders

Impacts of increasing pressure and expectations on our climate strategy, performance and disclosures, including meeting science-based targets (SBTs) that could result in loss of revenue from clients with value chain SBT requirements or prioritization

Positive recognition from the public, investors and clients and continued emergence as an industry climate leader Opportunity to attract talent that is increasingly concerned with sustainability issues