Forbes Names CBRE a Net Zero Leader for Second Consecutive Year

Rhea-AI Summary

CBRE Group has been named to Forbes' Net Zero Leaders list for the second year in a row, ranking as the top commercial real estate services company. Forbes evaluated 100 U.S. companies based on their efforts to reduce greenhouse-gas emissions and achieve net zero goals. The analysis considered industry context, location, management structure, and financial resilience. CBRE aims to achieve net zero emissions by 2040, covering its operations, client-managed properties, and supply chain. The company's sustainability initiatives are detailed in its 2023 Corporate Responsibility Report.

Positive

• CBRE ranked highest among commercial real estate companies in Forbes' Net Zero Leaders list.
• CBRE has committed to achieving net zero carbon emissions by 2040.
• CBRE's sustainability efforts include reducing emissions from its operations, client properties, and supply chain.
• CBRE's inclusion in the Net Zero Leaders list is based on data from reputable sources like Sustainalytics and Morningstar.
• CBRE's 2023 Corporate Responsibility Report highlights significant progress in sustainability.

Negative

• No immediate financial metrics or performance data provided in the press release.
• The press release lacks detailed information on how net zero targets will be achieved.
• Potential costs associated with achieving net zero emissions by 2040 are not disclosed.
• No specific milestones or short-term targets mentioned for measuring progress towards net zero.

DALLAS--(BUSINESS WIRE)-- CBRE Group, Inc. (NYSE:CBRE) has been named to Forbes’ Net Zero Leaders list for the second consecutive year. CBRE is the highest-ranked commercial real estate services company.

Forbes ranked 100 U.S. companies that are best positioning themselves to reduce their greenhouse-gas emissions and achieve a net zero future. The analysis looked at each company’s work to reduce its own carbon emissions as well as the emissions generated by their power suppliers, vendors and customers. The ranking considered the context of a firm’s industry, the location of its business operations, its company management structure and its financial strength to withstand industry competition and economic turbulence.

The Net Zero Leaders list was created using data from research providers Sustainalytics and Morningstar. It evaluated U.S. public companies with at least a $1 billion market valuation.

“We strive to lead by example as we have similar sustainability goals as our clients and face the same challenges that they do. Our approach is rooted in simplifying complexity to accelerate sustainability for the industry at scale. We have made notable progress in reducing emissions, and recognize there’s still much to be done,” said Rob Bernard, CBRE’s chief sustainability officer.

CBRE has committed to achieving net zero carbon emissions by 2040, encompassing emissions from its own operations, the properties it manages for clients and its supply chain.

This and other CBRE commitments are highlighted in its 2023 Corporate Responsibility Report, published in May.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2023 revenue). The company has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com. We routinely post important information on our website, including corporate and investor presentations and financial information. We intend to use our website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Such disclosures will be included in the Investor Relations section of our website at https://ir.cbre.com. Accordingly, investors should monitor such portion of our website, in addition to following our press releases, Securities and Exchange Commission filings and public conference calls and webcasts.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240605882089/en/

Steve Iaco

CBRE – Media

+1 212 984 6535

Steven.Iaco@cbre.com

Chandni Luthra

CBRE – Investors

+1 212 984 8113

Chandni.Luthra@cbre.com

Source: CBRE Group, Inc.

FAQ

What is CBRE's ranking in Forbes' Net Zero Leaders list?

CBRE is the highest-ranked commercial real estate services company in Forbes' Net Zero Leaders list.

How long has CBRE been on Forbes' Net Zero Leaders list?

CBRE has been named to Forbes' Net Zero Leaders list for the second consecutive year.

What are CBRE's sustainability goals?

CBRE aims to achieve net zero carbon emissions by 2040, covering its operations, client-managed properties, and supply chain.

What criteria did Forbes use to rank CBRE on the Net Zero Leaders list?

Forbes evaluated companies based on their efforts to reduce greenhouse-gas emissions, considering industry context, location, management structure, and financial resilience.

What sources did Forbes use to create the Net Zero Leaders list?

Forbes used data from research providers Sustainalytics and Morningstar to create the Net Zero Leaders list.