CBRE has set itself a target to drastically reduce carbon emissions across its own portfolio and the circa 7bn sq ft of assets it manages worldwide by 2035.
The agent has committed to reducing emissions from its own operations by 68% by 2035 from a 2019 base year, by 79% per sq ft in facilities it manages for occupiers and by 67% in assets it manages for investors.
President and chief executive Bob Sulentic said: “As the world’s largest manager of commercial properties, CBRE can play an outsized role in helping to limit the rise in global temperatures. We are deeply committed to using our expertise, resources and market influence to help our clients sharply reduce the emissions their properties generate and to applying best practices that improve the sustainability of our own operations. This is not only good for the planet – it is good business practice, period.”
The firm has already committed to achieving 100% renewable electricity by 2025 and to transitioning its vehicle fleet to electric vehicles. The commitment is in alignment with the aspirations of the Paris Agreement, which seeks to limit global temperature rises to 1.5°C.
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