2023 Sustainability Report

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

2023 SUSTAINABILITY REPORT | 62

Our Approach Supply Chain Management

Governance Ethics and Compliance Data Privacy and Security Stories of Progress

Diverse Supplier Spend Our Supplier Diversity Program supports the inclusion of diverse and underrepresented suppliers in the procurement process. We aim to have our competitive bidding and contracting requirements include diverse suppliers to ensure that they have equal opportunity within the Cushman & Wakefield ecosystem. To monitor our progress, we have established tools such as a Diversity Dashboard , which tracks U.S. program activities, and our Supplier Registration Portal , which accelerates access to various of certified Women-Owned Business Enterprises (WBEs) and Minority-Owned Business Enterprises (MBEs). Cushman & Wakefield’s Supplier Diversity Advisory Council brings together senior leaders from across the company to drive supplier diversity strategy and monitor progress toward our goal of spending $1 billion with diverse businesses by year-end 2025. Our Chief Financial Officer chairs this council, demonstrating top down support for our supplier diversity program. Utilizing this governance structure has helped to build and sustain momentum for supporting diverse suppliers as an integral aspect of our delivery model that embodies our company values while providing differentiated services to our employees and clients. In 2023, our diverse supplier spend totaled approximately $840 million, a 4.6% increase compared to 2022, despite industry headwinds. The growth was primarily driven by a 12% increase in our supplier spend with WBEs as we continued our work in incorporating more WBEs into our supplier base, and 18% growth in veteran-owned businesses (VET) during the year. The spend with MBEs declined by 2%, although this segment continued to account for almost 40% of our diverse suppliers.

DIVERSE AND SMALL BUSINESS SUPPLIER SPEND PROGRESS

BUILDING MOMENTUM

2020

2021

2022

2023

Diverse Suppliers (DBE, Disabled, LGBTQ+, MBE, VET and WBE) 14

$802.4M +38% From 2021 to 2022

$839.7M +5% From 2022 to 2023 3,541 -.002% From 2022 to 2023

$580.0M +30% From 2020 to 2021 3,162 +23% From 2020 to 2021

$444.5M

SPEND

3,605 +14% From 2021 to 2022

2,562

# OF

SUPPLIERS

Small Business Suppliers 15

$358.4M +20% From 2021 to 2022

$346.6M -3.3% From 2022 to 2023

$297.5M +11% From 2020 to 2021

$267.1M

SPEND

3,284 +22% From 2021 to 2022

3,215 -2.1% From 2022 to 2023

2,965 +28% From 2020 to 2021

2,316

# OF

SUPPLIERS

MBE: Minority Business Enterprise VET: Veteran-owned Business WBE: Women's Business Enterprise

DBE: Disadvantaged Business Enterprise Disabled: Disabled-owned Business LGBTQ+: Lesbian, Gay, Bisexual, Transgender, Queer/Questioning and Others

Small/SBE: Small Business or Small Business Enterprise Other: All additional diversity

14 Values include all diverse designations except suppliers that are SBE/small only. 15 SBE/small only (does not include SBEs that are also classified as diverse). Note: Categorization of diverse designations was refined in 2021, therefore resulting in restatement of our 2020 data.