Colliers International — full event log

Target to achieve 40% female share of total employees and management roles in regional, investment and mortgage businesses (excluding engineering segment).

sustainability_report p.10

Added a sustainability-linked loan feature to $1.75 billion Revolving Credit Facility tied to three specific ESG goals (Scope 1+2 intensity, % women in management, % WELL-certified offices).

sustainability_report p.11

Colliers will seek greater renewable energy sources moving forward, through retail contracts, green leases and power purchase agreements. In 2022, 15,078 GJ of electricity was purchased from renewable sources explicitly, contributing to 1,763.5 tCO2e of Scope 2 reductions via Renewable Energy Credits. Net Zero Innovation Working Group is piloting electrification and renewable energy capabilities.

sustainability_report p.14

The net-zero-by-2030 commitment allows the use of high-quality carbon offsets to address any emissions not physically eliminated by the target date. Focus is on reducing physical emissions first; analysis indicates that even relying entirely on offsets to reach net zero by 2030 would not have a material financial impact given the small size of Scope 1+2 relative to the business. No durable removals (DAC/BECCS) disclosed.

sustainability_report p.79

Scope 1 fleet emissions rose 33.2% as the fleet grew to ~1,200 vehicles, mainly light-duty trucks in Colliers Engineering. Colliers has started to electrify its fleet and is developing a strategy regarding which vehicles can be electrified at end-of-life or lease expiry. Medium-term lever (3-4 years) tied to cost savings as EV TCO falls below ICE.

sustainability_report p.14

Scope 1 office emissions dropped 10.9%. Colliers implemented its own Green Lease Checklist for relocations/renewals, requiring low-flow fixtures and 50% recycled content. Offices deploy LED lighting, occupancy sensors, HVAC setpoint discipline. NABERS ratings benchmarked in Australia (offices ranging 2-6 stars).

sustainability_report p.15

Harrison Street on a net-zero pathway with a 2025 goal to reduce carbon emissions 70% portfolio-wide. Investment Management arms (Harrison Street, Basalt, Rockwood, Versus Capital, Colliers Global Investors) integrate ESG into diligence; on-site/off-site renewables, efficiency retrofits, green certifications. 1+ million MWh of solar energy generated by IM assets.

sustainability_report p.26

Colliers divested from Russia, affecting comparability of 2021 baseline metrics including workforce diversity figures.

sustainability_report p.36

Following Russia's invasion of Ukraine, Colliers swiftly suspended operations in Kyiv and discontinued Russia and Belarus operations.

sustainability_report p.65

In October 2022, Colliers submitted proposed Scope 1, 2 and 3 targets to the Science-Based Targets initiative aligned with the 1.5°C scenario; approval expected mid-2023. Net zero in own operations by 2030.

sustainability_report p.13

Scope 2 location-based emissions declined 6.9% and market-based 19.1%, driven by renewable energy purchases in certain countries plus drop in US grid emissions intensity. 1,763.5 tCO2e of Scope 2 reductions credited to Renewable Energy Credits in 2022.

sustainability_report p.14

More than 98% of emissions Colliers can impact are in properties managed for clients. Net Zero Innovation Working Group launched in 2022 to build a full end-to-end decarbonisation solution set for clients, piloting carbon measurement and energy efficiency technologies. Science-Based Target submitted for managed properties (Scope 3 Cat 11 'Use of Sold Products').

sustainability_report p.19

PwC provided limited assurance over Scope 1, Scope 2 location-based, Scope 2 market-based, GHG intensity, % women in management roles, and % WELL-certified properties for FY22.

sustainability_report p.80

Achieved WELL Health-Safety Rating in 32 offices (10% of offices over 2,500 sq ft), meeting 2022 target. Target to increase to 30% by year-end 2023 and all offices by 2025.

sustainability_report p.51

Acquisitions during 2022 contributed to the increase in the size of the engineering fleet (~1,000 to ~1,200 vehicles), driving Scope 1 fleet emissions up 33.2% YoY.

sustainability_report p.14

2021 baseline restated: increase to Scope 1 fleet from newly-available fuel data, decrease to Scope 1/2 office emissions, and corrected occupied square footage. Increases baseline (more honest).

sustainability_report p.83

Colliers will assess viability of replacing company-owned and leased vehicles with electric models as leases expire, based on capital and operating cost analysis including fuel/electricity prices, local incentives, and driving patterns. Fleet generated 4,710 tCO2e of Scope 1 in 2021.

sustainability_report p.21

Expanding energy and sustainability services across six business lines (Property Management, Project Management, Investment Management, Engineering & Design, Capital Markets, Occupier Services). Partnered with Measurabl globally for ESG data management (onboarded 70 buildings in 2021); partnered with Balantia in Spain for decarbonization; Net Zero Asset Pathway in Netherlands; Harrison Street targeting 70% carbon reduction by 2025.

sustainability_report p.25

PwC provided ISAE 3410 limited assurance on Scope 1 and Scope 2 emissions for 2019 (baseline) and 2021.

sustainability_report p.90

65 of Colliers offices are located in green-certified buildings including LEED, BREEAM, TOBY, WELL and BOMA BEST.

sustainability_report p.22

Following divestitures (incl. exit from Russia) and improved data collection, 2021 baseline for women in management roles recalculated from 31.7% to 32.4% including all businesses owned during 2021. Colliers reviewing target timeline for 40% goal.

sustainability_report p.36

Ahead of COP26, Colliers committed to emissions reductions through the SBTi Business Ambition for 1.5°C program and to achieving net zero for own operations (Scopes 1 and 2) by 2030. SBTi commitment letter submitted October 2021.

sustainability_report p.17

Launched global goal to have 40% female employees overall and in manager+ roles by 2025 in regional, investment and mortgage businesses.

sustainability_report p.39

Joined WELL Portfolio in 2022 and committed to achieve WELL Health-Safety certification for all Colliers offices >2,500 sq ft by 2025.

sustainability_report p.50

In April 2021, Colliers conducted its first stakeholder-driven materiality assessment, informing the Elevate the Built Environment ESG strategy with three pillars: Environment, Inclusiveness, Health & Wellbeing.

sustainability_report p.10

Plan to establish a science-based target for managed properties in 2022 and introduce an advisory framework for clients to achieve net zero.

sustainability_report p.15

Colliers states diverse mechanisms exist for procurement of renewable electricity depending on jurisdiction and has started to evaluate the most impactful and economical locations and techniques for procuring solar or wind power to supply operations. In 2021, only 237 GJ of electricity was explicitly purchased from renewable sources (a very small share). This will primarily address Scope 2 footprint. Harrison Street subsidiary procured renewable energy credits to zero out employee home working electricity emissions.

sustainability_report p.21

Colliers' net-zero-by-2030 commitment allows use of carbon offsets for residual emissions. Analysis indicates that even relying entirely on the purchase of carbon offsets would not have material financial impact given the small size of Scope 1 & 2. Harrison Street offset remaining business travel emissions via a project supporting sustainable forest management in Amazonia. No specific durable removals (DAC/BECCS) commitments disclosed.

sustainability_report p.87

Engaging with landlords on energy-efficiency measures and standard Green Lease provisions to address Scope 1 and 2 footprints in occupied offices. Green Lease requires low-flow fixtures (60% less water), 50%+ recycled content materials, and Declare labels. Office natural gas was 5,468 tCO2e Scope 1; electricity was 14,513 tCO2e Scope 2.

sustainability_report p.21

All Colliers offices are building towards green and wellness certifications (LEED, BREEAM, TOBY, WELL, BOMA BEST). 65 offices already in green-certified buildings. Created a 'Workplace Blueprint' in 2021 circulated globally. Furniture sourced with min 50% recycled content; 96% diversion rate on decommissioned furniture via CSR Eco Solutions.

sustainability_report p.22

Colliers anticipates that 'sold products' — emissions generated in buildings managed on behalf of property owners — will constitute a large majority of its Scope 3 emissions. Plans to establish a Science-Based Target for managed properties in 2022 and an advisory framework to enable clients to achieve net zero. Managing 2 billion sq ft, including 110 million sq ft of green-certified properties.

sustainability_report p.21

Colliers manages 593 million sq ft of green-certified properties and project-managed 70 million sq ft of green-certified construction in 2020. Property management teams deliver energy & water management, green building certification (LEED, BREEAM, BOMA BEST, Fitwel), and ESG reporting. Project management teams save 20% on energy consumption on average in buildings they work on.

sustainability_report p.12

Colliers has introduced new employee programs aimed at lowering emissions, including purchasing renewable energy and an e-bike program in the U.K. At the property and investment-management level (Harrison Street), they conduct ongoing utility monitoring, optimize clean energy procurement, and assess onsite renewable energy development. Engineering & Design integrates solar, battery storage and LEED design philosophies into client projects. No corporate-wide RE100 or PPA commitment is disclosed.

sustainability_report p.4

Harrison Street, with $40B AUM, integrates ESG factors into all investment analyses across nearly decade-old ESG strategy. Every new asset evaluated for ESG risks. Ongoing utility monitoring, clean energy procurement, onsite renewables assessment, third-party building certification, and efficiency retrofits implemented across portfolio. Committed to rolling out Fitwel certification across 500+ occupied properties.

sustainability_report p.16

Colliers published its inaugural ESG/Global Impact Report in 2020, formally outlining environmental, social and governance efforts for the first time. Notes that next milestone in 2021 is to conduct a materiality assessment to establish impact position, strategy, and targets.

sustainability_report p.5

Colliers Netherlands set a target to achieve climate-neutral operations by 2025, with measures including landlord collaboration on energy, sustainable mobility cards, circular waste management, and paperless office policies.

sustainability_report p.24

Appointment of Jane Gavan to the Board of Directors, furthering goals to increase Board diversity in both gender and experience.

sustainability_report p.52

Colliers Finland aims to be carbon neutral by 2035, with interim 2025 targets for the Finland head office: 7% reduction in office electricity consumption, 25% reduction in paper consumption, 25% reduction in private parking spaces, 80% improved recycling rate.

sustainability_report p.25

Global executives and regional CEOs signed Colliers' Global Diversity and Inclusion Statement. President & CEO Canada signed the BlackNorth Initiative pledge committing to specific actions to end anti-Black systemic racism. Black Equality Taskforce launched in August 2020.

sustainability_report p.32

46 of Colliers' offices are in green-certified buildings (LEED, BREEAM, TOBY, WELL, BOMA BEST). Going forward, green/wellness certifications will be a factor in determining office space and locations. In the Netherlands, offices collaborate with landlords to measure and limit energy consumption. Finland head office targets 7% reduction in electricity consumption by 2025.

sustainability_report p.22

Colliers' Global Workplace and Real Estate Strategy team is reducing environmental impact through waste diversion programs, sustainable vendor partnerships, and circular/paperless office policies. Across 10 locations in the U.S., Canada, NZ and U.K., Colliers diverted 1,773 pieces (129.73 tonnes) and avoided 381.41 tonnes of emissions through sustainable furniture/material reuse programs.

sustainability_report p.23

In the Netherlands, staff mobility cards give access to public transport, shared vehicles, bicycles and electric scooters, reducing reliance on fossil-fuel cars. UK launched an e-bike program. Finland head office targets a 25% reduction in private parking spaces by 2025. Pandemic-driven remote-work transition further reduced commute footprint.

sustainability_report p.24