2023 Sustainability Report

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

2023 SUSTAINABILITY REPORT | 65

Our Approach Supply Chain Management

Governance Ethics and Compliance Data Privacy and Security Stories of Progress

In 2023, Cushman & Wakefield’s total spend in North America with diverse suppliers — or direct impact — totaled approximately $840 million. However, we estimate the full impact of this expenditure to have produced economic value of $1.6 billion when considering the indirect and induced impacts in the form of jobs created and consequent spending in diverse communities.

Drilling down further, Cushman & Wakefield’s diverse supplier spend and the value creation chain that it enabled in 2023 benefited the businesses and communities of a range of underrepresented business owners.

2023 ESTIMATED IMPACT OF DIRECT SPEND WITH DIVERSE SUPPLIERS (U.S. ONLY)

2022-2023 ESTIMATED IMPACT CHANNELS (U.S. ONLY)*

Spend

Jobs

Incomes

Economic Impact

Minority-owned

$329.9 million

2,195

$139.5 million

2023

2022

Women-owned

$413.6 million

2,752

$164.3 million

$386.8M Induced impact

$837.9M Direct impact

$375.3M Induced impact

$802.4M Direct impact

Veteran-owned

$55.9 million

354

$22.9 million

$1.5B Total Impact

$1.6B Total Impact

LGBTQ+-owned

$991,400

4

$387.2 million

$380.4M Indirect impact

$370.3M Indirect impact

Disadvantaged Business Enterprise Service-disabled Veteran-owned Businesses

$57.9 million

383

$23.9 million

$12.9 million

78

$5.4 million

Jobs created

Disabled-owned Businesses

2023

2022

$13.8 million

86

$5.8 million

Other

$258.1 million

1,444

$96.7 million

2,053 Induced impact

5,484 Direct impact

2,014 Induced impact

5,267 Direct impact

Note: "Jobs" and "Incomes" figures in this table are estimated based on the modeling used. Supplier spend is included in every category for which the supplier qualifies, therefore, spend dollars by category will add up to greater than the total spend. ASSUMPTIONS AND ANALYSIS Supplier.io prepared Cushman & Wakefield’s Supplier Diversity Economic Impact Report using the IMPLAN model. "Supplier.io used a number of assumptions in its analysis which are outlined in the full report, including that their model provides industry average predictions, not predictions specific to individual companies."

9,316 Total Impact

9,086 Total Impact

1,780 Indirect impact

1,806 Indirect impact

Incomes (Wages and Salaries created)

2023

2022

Sources cited in the report include U.S. Government Revenues, Bureau of Labor Statistics Occupational Outlook Handbook, U.S. GDP, NAICS, and IMPLAN.

$131.8M Induced impact

$339.6M Direct impact

$126.9M Induced impact

$323.6M Direct impact

$606.3M Total Impact

$582.6M Total Impact

$134.8M Indirect impact

$132.1M Indirect impact

OPTION 2

* Other than the amounts listed in "Direct Impact, Economic Impact," all numbers and amounts are estimated based on the modeling used. Totals may not sum with figures listed due to rounding.