CBRE Group, Inc.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Climate Change
- Diversity, Equity and Inclusion
- Supplier Diversity
- Community Investment
Environmental Achievements
- Achieved an A- score from CDP on its climate change disclosure.
- Named one of the World’s Most Ethical Companies by Ethisphere for the 11th consecutive year.
- Listed #3 on Barron’s list of the 100 Most Sustainable Companies in the U.S.
- Received a 2024 EPA ENERGY STAR ® Partner of the Year – Sustained Excellence Award for the 17th consecutive year.
- Net Zero Roadmap for Corporate Operations outlines four pathways to achieve net zero carbon emissions by 2040.
Social Achievements
- Spent nearly $2 billion with diverse suppliers in 2023, on track to reach $3 billion by the end of 2025.
- Increased overall employee engagement, up from the previous year, with top scores in areas of ethics & compliance; client focus; diversity, equity and inclusion; safety & wellness; supervision & management; and operating as a socially and environmentally responsible organization.
- Recognized by the Disability Equality Index as a Best Place to Work for Disability Inclusion and earned a top score.
- Named a Best Place to Work for LGBTQ+ Equality according to the Human Rights Campaign, receiving a perfect score on the 2023 Corporate Equality Index for the tenth consecutive year.
- Included in the 3BL Media 100 Best Corporate Citizens list in 2023 for the fifth year in a row.
Governance Achievements
- Robust director selection process resulting in a diverse Board in terms of experience, skills, tenure, gender, race and ethnicity.
- Active Board oversight of strategy, risk management, sustainability, social responsibility and governance matters.
- 11 director nominees, 10 of whom are independent.
- Director term limits (12 years).
- Annual Board, committee and individual director evaluations and self-assessments.
- Strong lead independent director, elected by independent directors.
- Maximum of one Board-nominated management director.
- 100% independent committees.
- Robust Standards of Business Conduct and governance policies.
- Board diversity policy to actively seek out women and underrepresented candidates.
- No “over-boarding” by our directors on other public-company boards.
Climate Goals & Targets
Long-term Goals:
- Achieve net zero carbon emissions by 2040.
Short-term Goals:
- Spend $3 billion with diverse suppliers annually by the end of 2025.
Environmental Challenges
- The real estate capital markets environment weighed on our business performance in 2023, particularly the transactional business lines within the Advisory Services and Real Estate Investments segments, which are sensitive to market cycles.
Mitigation Strategies
- Invested approximately $961.3 million in share buybacks, infill M&A and other strategic investments, while ending the year below the midpoint of our target leverage range, giving us substantial liquidity to finance future growth.
- Focus financial and operational resources on disproportionately growing our resilient businesses.
Supply Chain Management
Responsible Procurement
- Supplier diversity initiatives
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: SASB, TCFD, GRI, UNGC
Awards & Recognition
- Forbes 2023 Net Zero Leaders list
- World’s Most Ethical Companies by Ethisphere
- Barron’s 100 Most Sustainable Companies in the U.S.
- EPA ENERGY STAR ® Partner of the Year – Sustained Excellence Award
- Disability Equality Index Best Place to Work for Disability Inclusion
- 3BL’s 100 Best Corporate Citizens
- Bloomberg Gender-Equality Index
- Best Place to Work for LGBTQ+ Equality