Cushman & Wakefield has reported a 33% reduction in its own direct and indirect greenhouse gas emissions since its 2019 baseline.
The firm, which has a net zero commitment validated by the Science Based Targets initiative, published its environmental, social and governance report today (17 August).
Alongside the improvement in scope 1 (direct) and scope 2 (indirect) emissions compared with the 2019 baseline, the report also highlights a 51% reduction in total scope 1 and 2 (market-based) greenhouse gas emissions per million sq ft of office space in 2022 compared with 2021.
Last year, Cushman obtained 48% of the electricity for its operations from renewable sources.
Highlights from the social element of the report include spending $802.4m (£629m) with more than 3,600 diverse suppliers in North America in 2022, a 38% increase from the previous year.
The company’s total workforce is currently 40% women, the same as in 2021. However, the number of female executives has increased from 22% in 2021 to 41% in 2022.
The number of women on Cushman’s board of directors has gone up to 44% as of the publication date of the 2022 ESG report, compared with 40% in its 2021 report. Some 45% of its US employees are racially/ethnically diverse. The company was named in the 2023 Forbes list of America’s Best Employers For Diversity and included in the Human Rights Campaign’s 2022 Best Places to Work for LGBTQ+ Equality.
Cushman chief executive Michelle MacKay said: “Around the world, many of our clients are looking to us to help achieve their own ESG goals. Our size, scale and balance of strategic and technical capabilities make us well suited to integrate ESG within the property life cycle for our own firm and to help our clients do the same. Cushman & Wakefield’s 2022 ESG Report shows the firm’s meaningful progress in achieving our goals.”
Cushman & Wakefield has 52,000 employees in approximately 400 offices in 60 countries.
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