Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Human Capital
• Diversity, Equity and Inclusion
• Community Engagement

Environmental Achievements

• Thirty-three of our current offices are located in LEED Certified, Energy Star Rated and BOMA Best Gold buildings
• Pivoted to the use of technology such as online deal rooms and e-signing vendors to reduce paper waste
• Partnered with e-waste recycling vendors to recycle our physical technology equipment

Social Achievements

• Launched the William A. Millichap Fellowship Program, a comprehensive two-year training and development program
• Partnered with CREW Network and Project Destined to increase diversity and inclusion
• Implemented Learn to Live program for employee well-being
• Annual fitness challenge for employees
• Ongoing partnership with Team Feed Corporate/Feeding America on the Million Meals Initiative

Governance Achievements

• Adopted a Code of Ethics with an Ethics Hotline for anonymous reporting

Climate Goals & Targets

Environmental Challenges

• The COVID-19 pandemic has affected and could continue to adversely affect how we operate our business
• General economic conditions and commercial real estate market conditions
• Competition to attract and retain qualified professionals
• Cybersecurity attacks

Mitigation Strategies

• Implemented measures such as increased sanitizing, physical distancing and remote work arrangements
• Made significant upgrades to our security infrastructure, including deploying active security monitoring and response tools
• Competitive compensation and support programs to our professionals
• Business continuity plans and backup systems

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Human Capital
• Diversity, Equity and Inclusion

Environmental Achievements

• Thirty-two of our current offices are located in LEED Certified, Energy Star Rated, and BOMA Best Gold buildings
• facilitate remote work where appropriate and have invested in best-of-class tools to allow our team to work at the highest levels outside the office, thereby reducing the carbon footprint associated with unnecessary office energy consumption and a regular commute
• pivoted to the use of technology such as online deal rooms and e-signing vendors to reduce paper waste and have partnered with e- waste recycling vendors to recycle our physical technology equipment or dispose of it in an environmentally sound manner

Social Achievements

• Launched the William A. Millichap Fellowship Program, a comprehensive two-year training and development program designed to prepare participants for rewarding careers in commercial real estate.
• implemented health and safety measures, and remote work arrangements, with the goal of protecting our employees, investment sales and financing professionals, and clients.
• rolled out the Learn to Live program. These digital tools are available anywhere, anytime to help employees identify thoughts and behavior patterns that affect their emotional well-being and work through them.

Governance Achievements

• adopted a Code of Ethics
• implemented policies, practices, and trainings that convey our expectations and values and meet stakeholder needs.
• Ethics Hotline, which allows for anonymous reporting and direct communication with the Company’s compliance officer

Climate Goals & Targets

Environmental Challenges

• General economic conditions and commercial real estate market conditions
• rising interest rates
• inflation
• competition to attract and retain qualified professionals
• cybersecurity attacks

Mitigation Strategies

• Investing in our current business model through organic growth and acquisitions
• maintaining a comprehensive technology and information security program
• offering competitive compensation and support programs to our professionals
• business continuity plans and backup systems
• information security monitoring capabilities designed to alert us to suspicious activity and developed an incident response program

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Human Capital
• Diversity, Equity and Inclusion

Environmental Achievements

• Thirty-five offices located in LEED Certified, Energy Star Rated, and BOMA Best Gold buildings; pivoted to online deal rooms and e-signing to reduce paper waste; partnered with e-waste recycling vendors; facilitate remote work to reduce carbon footprint.

Social Achievements

• Launched William A. Millichap Fellowship Program in partnership with CREW Network and Project Destined; implemented health and safety measures and remote work arrangements; maintain Learn to Live program for employee well-being; various community volunteer events and monetary donations.

Governance Achievements

• Adopted a Code of Ethics with an Ethics Hotline; implemented policies, practices, and trainings to promote fair labor practices, uphold human rights, and comply with legal requirements.

Climate Goals & Targets

Environmental Challenges

• Decline in the overall headcount of investment sales and financing professionals due to a reduction of unproductive professionals and the challenge of recruiting and retaining professionals in the current market environment; general uncertainty in the capital markets, a worsening of economic conditions, and the rate and pace of economic recovery following an economic downturn; changes in interest rates; increased competition; cybersecurity risks.

Mitigation Strategies

• Focused market expansion in existing and new locations; targeted hiring; increased coverage of specialty property types; pursuing selective acquisitions; investments in technology; implemented several cybersecurity processes, technologies, and controls; actively monitor emerging data protection laws and implement changes to our processes designed to comply; conduct regular phishing email simulations and annual cybersecurity training; engage with assessors, consultants, auditors, and other third parties.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• earthquakes and wildfires as well as the impact of climate change