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CBRE Group

Real Estate Services·Real Estate - Services

CBRE (NYSE)·Los Angeles·US

Verified credentials

SBTi Validated1.5°CCDP Listed

Company website

Website

cbre.com

cbre.com ↗

Decarbonisation trajectory · all scopes

Scope 1 + 2· base 2019 · 106k tCO2eScope 3· base 2019 · 70.7M tCO2e

Headline intensities

Reporting year 2022·Values in USD ($)

Peer cohort: Real Estate Services · lower is better

Revenue intensity

Carbon / $m revenue

2.3ktCO2e / $m

Carbon per million dollars of revenue. The legacy industry-standard reference (CDP, MSCI). Useful for cross-sector context, but distorted by margin — high-margin firms appear artificially efficient. Read alongside the operational and asset intensities for the full picture.

no peer comparison yet

Operational intensity

Carbon / $m OpEx

2.4ktCO2e / $m

OpEx (operating expenditure) is the running cost of the business — staff, services, energy, materials. This shows how carbon-intensive operations are per million dollars of spend. Removes the margin distortion that revenue-based ratios introduce.

no peer comparison yet

Economic intensity

Carbon / $m EVIC

2.5ktCO2e / $m

EVIC (Enterprise Value Including Cash) is the firm's total capital footprint — equity + debt + cash + minority interest. The EU's standard intensity measure (SFDR PAI 3) — answers: how much carbon does each million of capital deployed in this business produce?

no peer comparison yet

Asset intensity

Carbon / $m PP&E + leased

38.3ktCO2e / $m

PP&E (Property, Plant & Equipment) plus leased real-estate assets is the firm's physical infrastructure on the balance sheet. This shows the carbon intensity of that physical footprint — uses Scope 1+2+3 for consistency with the other headline intensities. Surfaces stranded-asset risk for asset-heavy firms.

no peer comparison yet

Workforce intensity

Carbon / FTE

0.75tCO2e / FTE

Carbon per FTE (full-time-equivalent employee) — the diagnostic measure for people-leveraged businesses where headcount, not capital, drives delivery. Captures the office, energy and travel footprint per person.

no peer comparison yet

Climate action evidence

7 records · 1 source

Carbon credits retired

8,025 tCO2e

7 retirements · FYNaN–NaN · third-party verified

By credit quality

Avoidance / reductions8,025 tCO2e(100%)

Retirement records(top 7 by volume of 7)

2021 Energy Efficient Stoves Program - CPA 2 · gold_standard3,152 tCO2e
2022 Energy Efficient Stoves Program - CPA1 · gold_standard2,563 tCO2e
2020-11-01 Ventus Wind Farm in El Salvador · verra615 tCO2e
2021 Energy Efficient Stoves Program - CPA 2 · gold_standard577 tCO2e
2013-01-01 April Salumei Rainforest Community Conservation Project · verra532 tCO2e
2014-01-01 April Salumei Rainforest Community Conservation Project · verra526 tCO2e
2019-01-01 Talas de Maciel II Wind Farm · verra60 tCO2e

Renewable electricity

18 %

Self-reported renewable electricity share, FY2022

Sources

· berkeley_voluntary_registry

Registry retirements are direct evidence; commitments are forward-looking pledges. EPA snapshot covers FY2019–FY2020.

Targets

Near-term

3 targets

Scope	Base	Target	Reduction	Alignment	Progress	Status
Scope 1 + 2Absolute	2019	2030	−50%	1.5°C	−17.8% reductionof −50% target · 36% there	On track
Scope 1 + 2	2019	2035	−68%	Declaration / pledge	−17.8% reductionof −68% target · 26% there	On track
Scope 3Intensity	2019	2030	−55%		intensity — not tracked vs absolute	—

Long-term

2 targets

Scope	Base	Target	Reduction	Alignment	Progress	Status
Scope 1 + 2Absolute	2019	2040	−90%	1.5°C	−17.8% reductionof −90% target · 20% there	On track
Scope 3Absolute	2019	2040	−90%		−0.0% reductionof −90% target · 0% there	Off track

Net zero

2 targets

Scope	Base	Target	Reduction	Alignment	Progress	Status
Scope 1 + 2 + 3	2019	2040	—	1.5°C	absolute-value target	—
Scope 1 + 2 + 3	—	2040	—	Declaration / pledge	absolute-value target	—

⚠ Some targets show progress vs the earliest extracted year as a baseline approximation. The real base-year value will be used once historical reports are extracted.

Progress · absolute tCO2e

Scope 1 + 2 trajectory vs target

Scope 1 + 2 · 50% by 2030 · 1.5°C

ActualLinear1.5°C

Scope 3 trajectory vs target

Scope 3 · 90% by 2040

ActualLinear1.5°C

Latest news· last 5 of 13

full news log →

Transitioned to WIOD-based supply chain emissions tracking
In 2022, CBRE transitioned to an industry-leading supply chain dashboard built on the World Input-Output Database (WIOD) to enhance tracking of purchased goods and services emissions.
2022
Boundary expansion: full electricity of occupied footprint included
CBRE rebaselined emissions for 2019-2022 to include full electricity usage of occupied footprint, including shared building services as Scope 2, landlord shared services as Scope 3 Upstream Leased Assets, and client-related activity in Scope 3 Purchased Goods. Increases reported emissions; more honest reporting.
2022
Third-party limited assurance on Scope 1, 2, 3 emissions (ISO 14064-3)
CBRE's 2022 GHG inventory (Scope 1, Scope 2 location-based, and Scope 3 categories: PG&S, FERA, business travel, employee commuting) received limited assurance per ISO 14064-3.
2022
Third-party limited assurance to ISO 14064-3 across Scopes 1, 2, 3
Scope 1, Scope 2 (location and market), and key Scope 3 categories received third-party limited assurance under ISO 14064-3.
2021
Restated 2020 Scope 3 use-of-sold-products emissions
Upon reviewing data for Scope 3: Use of Sold Products emissions, CBRE found 2020 was overreported and corrected/restated the 2020 figure (now 54,109,904 tCO2e).
2021

Latest reporting year· 6 earlier years on Data-by-year tab

all years + ratios →

2026

reporting year

Financials

Revenue—

OpEx—

FTE—

Market cap (FY-end)—

Climate

Scope 1—

Scope 2 (market)—

Scope 2 (location)—

Scope 3 total—

Source documents· FY2023· 1 earlier doc on Data-by-year tab

all documents →

cdp response2023

via jina search · 1.0 MB

extractedOPEN PDF ↗