2023 Sustainability Report
INTRODUCTION OUR CLIENTS OUR PLANET OUR PEOPLE AND COMMUNITIES OUR BUSINESS ACKNOWLEDGEMENTS ABOUT THIS REPORT APPENDICES
2023 SUSTAINABILITY REPORT | 46
Our Approach
Talent Attraction, Retention and Development
Occupational Health and Safety Community Engagement
Stories of Progress
Diversity, Equity and Inclusion
Marketplace and Service Offerings Our approach to DEI in the marketplace is driving differentiated value across the commercial real estate value chain and helping to win and deliver business. GROWING THE DIVERSITY OF OUR BROKERAGE We actively work to support the growth of gender and racial/ ethnic diversity in our brokerage business through our DEI Advisory Program. Building upon the pilot of our DEI Advisory Program (launched in 2022), in 2023 we had partnerships with eight Minority- and/or Women-owned Business Enterprise (MWBE) and Service-disabled Veteran-owned Small Business (SDVSB) brokerage firms. This program allows us to create and nurture long-lasting partnerships with leading historically underrepresented brokerage firms. At the same time, the program helps develop our internal brokers with diverse backgrounds through an expanded pipeline and brand growth. This unique program differentiates us and provides diverse perspectives to clients while driving inclusivity. PARTNERSHIPS FOR DEI THOUGHT LEADERSHIP We have ongoing relationships with 13 organizations which help to bolster our DEI expertise and resources. Our aim is to drive meaningful DEI change throughout the commercial real estate value chain. We work with our external partners to provide learning and development opportunities to our employees, and to provide innovative practices, research and insights that fuel the strategies and actions we employ. We also collaborate with these partners to share our expertise and learnings across industries in thought leadership pieces.
Some highlights of our DEI partnerships in 2023 include:
> A new partnership with Women Business Collaborative (WBC), an unprecedented alliance of 85+ women’s business organizations and hundreds of business leaders building a movement to achieve equal position, pay and power for all women in business. Through collaboration, advocacy, action and accountability, WBC mobilizes thousands of diverse professional women and men, business organizations, and public and private companies to accelerate change. > We sponsored two thought leadership pieces with Coqual Research , one on inclusive practices in the Asian, Asian American and Pacific Islander (A/AA/PI) community and another on women in the marketplace. > We expanded our partnership with Seramount, a company that provides guidance, strategies and tools for corporate DEI teams. Seramount is providing guidance through our “Broker Voice” sessions, which surfaced feedback and insights designed to help evolve the culture of brokerage and the experiences of women and racially/ethnically diverse talent at Cushman & Wakefield. CANADIAN INDIGENOUS RECONCILIATION The Government of Canada is committed to achieving reconciliation with Indigenous Peoples through respect, cooperation and partnership to drive transformative change. At year-end 2023, Cushman & Wakefield began a formal pursuit of reconciliation with Indigenous groups in Canada. We expect the roadmap for this initiative will be established in 2024. In 2023, we became a member of the Canadian Council for Indigenous Business (CCIB) and we recently published our Canadian Indigenous Reconciliation Commitment Statement which includes land acknowledgements. These actions align with our goal of becoming Partnership Accreditation in Indigenous Relations (PAIR) program committed level. We believe achieving progress in our indigenous reconciliation effort enables greater business opportunities in Canada. SUPPLIER DIVERSITY For a discussion of Supplier Diversity strategy, initiatives and achievements, please see the corresponding section in the Better for Our Business chapter of this report.
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