Colliers releases 2023 Global Sustainability Report

Rhea-AI Summary

Colliers (NASDAQ and TSX: CIGI) released its fourth annual Global Sustainability Report, highlighting significant 2023 achievements. Key points include a 24.8% reduction in Scope 1 and 2 emissions per square foot from a 2021 baseline, validation of emissions targets by the Science Based Targets initiative, and an increase in women in management roles to 33.5%. The report also notes that 35% of Colliers offices larger than 2,500 sq. ft. achieved a WELL Health-Safety rating, a significant rise from 10% in 2022. Additionally, the company tripled its electric vehicle fleet and contributed 5,819 volunteer days. Colliers emphasizes that these efforts, amidst economic and geopolitical uncertainty, will accelerate success and create value for stakeholders.

Positive

• 24.8% reduction in Scope 1 and 2 emissions per square foot since 2021.
• Validation of Scope 1, 2, and 3 emissions targets by the Science Based Targets initiative.
• Increase in women in management roles to 33.5%, up 1.8% since 2021.
• 35% of Colliers offices larger than 2,500 sq. ft. achieved a WELL Health-Safety rating, up from 10% in 2022.
• Tripling the number of electric vehicles in the fleet.
• 5,819 volunteer days contributed by Colliers professionals.

Negative

• None.

Report highlights progress on environment, inclusiveness and health & wellbeing commitments

TORONTO, June 04, 2024 (GLOBE NEWSWIRE) -- Diversified professional services and investment management firm Colliers (NASDAQ and TSX: CIGI) released its fourth annual Global Sustainability Report, summarizing progress on its commitment to create a more sustainable future.

Notable 2023 achievements include:

• 24.8% reduction in Scope 1 and 2 emissions per square foot from a 2021 baseline
• Validation of Scope 1, 2 and 3 emissions targets by the Science Based Targets initiative
• 33.5% women in management roles company-wide, up 1.8% since 2021
• Achieving a WELL Health-Safety rating in 35% of Colliers offices larger than 2,500 sq. ft., up from 10% in 2022
• Tripling the number of electric vehicles in fleet
• 5,819 days contributed towards volunteering efforts by Colliers professionals

“In a year marked by economic and geopolitical uncertainty, we remain focused on the issues that will accelerate the success for both Colliers and our clients now and in the long term. In doing so, we are continuing to create value for all of our stakeholders,” said Jay Hennick, Global Chairman & CEO of Colliers.

“This report reflects the collective efforts of our teams worldwide, as well as our ongoing partnerships with tenants, suppliers, and local communities. I’m proud of our momentum and the actions we are taking, which will have a significant positive impact on our enterprise and society,” said Sean Drygas, Global Head of Sustainability at Colliers.

Colliers’ report was produced with reference to the Global Reporting Initiative (GRI), the Sustainability Accounting Standards Board (SASB, now consolidated into the International Sustainability Standards Board) and the Taskforce on Climate-related Financial Disclosures (TCFD) to ensure strong governance of its sustainability program. For more information, visit www.colliers.com/sustainability.

About Colliers

Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 68 countries, our 19,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 29 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of approximately 20% for shareholders. With annual revenues of $4.3 billion and $96 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, X @Colliers or LinkedIn.

Media contact:

Andrea Cheung
+1 416 324 6402
andrea.cheung@colliers.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9c685ad2-23b1-40f5-a59a-2f011f65ab4c

FAQ

What were the key achievements in Colliers' 2023 Global Sustainability Report?

Key achievements include a 24.8% reduction in Scope 1 and 2 emissions per square foot, validation of emissions targets, a rise in women in management roles to 33.5%, and a significant increase in WELL Health-Safety rated offices to 35%.

How did Colliers perform in terms of gender diversity in 2023?

Colliers increased the percentage of women in management roles to 33.5%, up 1.8% from 2021.

What progress did Colliers make in reducing emissions in 2023?

Colliers achieved a 24.8% reduction in Scope 1 and 2 emissions per square foot from a 2021 baseline.

What validation did Colliers receive for its emissions targets in 2023?

Colliers' Scope 1, 2, and 3 emissions targets were validated by the Science Based Targets initiative.

How many volunteer days did Colliers contribute in 2023?

Colliers professionals contributed 5,819 volunteer days in 2023.

What percentage of Colliers offices achieved WELL Health-Safety ratings in 2023?

35% of Colliers offices larger than 2,500 sq. ft. achieved WELL Health-Safety ratings, up from 10% in 2022.

How did Colliers' electric vehicle fleet change in 2023?

Colliers tripled the number of electric vehicles in its fleet in 2023.