RVBA-CBREReal Estate Services

CBRE Group — in detail

Full extracted data, every event in the company's history we've captured, and (soon) external news. The full ratios diagnostic with peer benchmarks lives at /ratios.

Reference sources (3/5)

Source documents
Recent disclosure
Multi-year metrics
Targets
Certifications

External news

No ESG-relevant news ingested yet for this company. Run python -m pipeline.news_gdelt to backfill. Sourced from GDELT 2.0 (3-month trailing window).

Data by year· every metric + key events per year

Each year shows the firm's reported metrics on the left and the most material events on the right. Up to 10 events per year; the full event log is one click further.

2025

cdp response ↗sustainability report ↗

Climate · carbon footprint (tCO2e)

Scope 1	60,517
Scope 2 (market-based)	8,394
Scope 3	17.7M
Cat 1 · Purchased goods	6.1M
Cat 2 · Capital goods	15,472
Cat 3 · Fuel + energy	21,330
Cat 4 · Upstream transport	839
Cat 5 · Waste in operations	854
Cat 6 · Business travel	32,982
Cat 7 · Employee commuting	184,751
Cat 8 · Upstream leased	8,689
Cat 11 · Use of sold products	10.1M
Cat 15 · Investments	1.3M
Gross carbon footprint	17.8M
Offsets retired	-0
Net carbon footprint	17.8M

Energy (kWh)

Electricity	82.5M
Fuel (stationary + mobile)	238.3M
Heat / steam	43.4M
Total energy	364.2M
Renewable electricity %	100%

Nature

water withdrawal m3	333,490m3
water consumption m3	16,654m3
waste generated t	2,515tonnes
waste recycled t	1,130tonnes
waste landfill t	1,385tonnes

Social

workforce female pct	33%
workforce management female pct	35%
workforce board female pct	30%
gender pay gap mean pct	8%
gender pay gap median pct	4%
training hours per employee	10hours
employee turnover pct	22%
h s total recordable injury rate	1per 200000 hours
h s lost time injury rate	0per 200000 hours
h s fatalities	0count
community investment amount	16.9MUSD
supply chain audited pctⓘ	13%

Governance

board independence pct	80%
board diversity pct	40%
audit assurance climate levelⓘ	1level

P&L highlights (USD)

Headcount (FTE)	152,618people
Revenue	40.6B
Cost of revenue	(34.5B)
Gross profit	6.1B
Operating expenses (S&M + G&A)	(4.8B)
Operating income	1.3B
Net income	1.2B

Balance sheet highlights (USD)

Property, plant & equipment	3.1B
Total assets	30.9B
Total debt	7.6B
Cash & equivalents	1.9B
Minority interest	748M

Market & shares

Market cap (FY-end)	47.9B
Shares outstanding	298.2M

Events 2025· 16

Operating segments restructured to four global business segments

Since January 2025, CBRE has operated through four global business segments: Advisory Services, Building Operations & Experience, Project Management and Real Estate Investments (previously three segments).

▾ expand

Net Zero by 2040 SBTi-validated target

CBRE committed to Net Zero GHG emissions across value chain by 2040, with near-term 2030 targets: 50% absolute Scope 1+2 reduction and 55% Scope 3.11 intensity reduction per square foot, from 2019 baseline. Validated by SBTi.

▾ expand

Transitioned to new supply chain emissions data platform

In 2025, transitioned to a new data technology platform used to calculate supply chain emissions (Scopes 3.1, 3.2 and 3.4) with different emission factors. Adjusted reported emissions across all years for year-over-year comparability.

▾ expand

Acquired Pearce Services

In November 2025, CBRE acquired Pearce Services, LLC, a leading provider of advanced technical services for critical infrastructure. Data integration over next 18-24 months.

▾ expand

New business segments: BOE and Project Management

In 2025, established Building Operations & Experience (BOE) segment and merged CBRE project management into Turner & Townsend, establishing Project Management as a separate business segment.

▾ expand

Primary: Office energy efficiency via Workplace2.0 and EUI reduction

Workplace2.0 strategy has avoided 1.9M sq.ft. of additional office space since 2013, with 155 Workplace2.0 offices and 15 more in development. Energy use intensity (EUI) in offices reduced nearly 20% since 2019 (from 15.39 to 12.33 kWh/sq.ft.). Energy submeters required for all new leases/renovations >10,000 sq.ft.; LED lighting, high-efficiency HVAC, ENERGY STAR fixtures embedded in fit-out standards.

▾ expand

Achieved 100% renewable electricity for corporate operations

In 2025, CBRE achieved its target of procuring renewable electricity to cover 100% of electricity used across all corporate offices and EV fleet, contributing to a 44% reduction in Scope 1+2 since 2019.

▾ expand

Continued third-party assurance by Apex

Scope 1, 2 and select Scope 3 emissions verified at limited assurance level by Apex Companies, LLC; verification provided every year since 2016.

▾ expand

Turner & Townsend incorporated into Climate Transition Strategy

Climate Transition Strategy expanded to incorporate Turner & Townsend in 2025 (majority-owned subsidiary since November 2021).

▾ expand

Removals not part of near-term mitigation strategy

Investment in carbon removals is not part of CBRE's near-term mitigation strategy. CBRE recognizes the role of carbon offsets and voluntary market instruments to catalyze removal/sequestration for 1.5°C alignment, but procurement of offsets is limited to select geographies. GHG reductions from offsets are NOT reflected in emissions inventory or reported toward near-term SBTi targets. In 2025, carbon offsets purchased = 0 tCO2e.

▾ expand

see 6 more events →

2024

sustainability report ↗cdp response ↗annual report ↗

Climate · carbon footprint (tCO2e)

Scope 1	0
Scope 2 (market-based)	26,584
Scope 3	101,475
Cat 1 · Purchased goods	5.7M
Cat 2 · Capital goods	12,547
Cat 3 · Fuel + energy	22,288
Cat 4 · Upstream transport	1,028
Cat 5 · Waste in operations	865
Cat 6 · Business travel	322
Cat 7 · Employee commuting	153,215
Cat 8 · Upstream leased	8,501
Cat 9 · Downstream transport	0
Cat 10 · Processing of sold	0
Cat 11 · Use of sold products	10.6M
Cat 12 · End-of-life	0
Cat 13 · Downstream leased	0
Cat 14 · Franchises	0
Cat 15 · Investments	1.4M
Gross carbon footprint	128,059
Offsets retired	(6,102)
Net carbon footprint	121,957

Energy (kWh)

Electricity	529,174
Fuel (stationary + mobile)	226.1M
Heat / steam	45.3M
Total energy	364M
Renewable energy	(529,174)
Non-renewable / hydrocarbon	363.5M
Renewable electricity %	100%

Nature

waste generated t	2,569tonnes
waste recycled t	1,271tonnes
waste landfill t	1,298tonnes
water withdrawal m3	1,502m3

Social

workforce female pct	52%
workforce management female pct	33%
workforce board female pct	25%
training hours per employee	9hours
h s total recordable injury rate	0per 200000 hours
h s lost time injury rate	0per 200000 hours
h s fatalities	0count
community investment amount	14.9MUSD
gender pay gap mean pct	3%
employee turnover pct	9%

Governance

audit assurance climate levelⓘ

0level

P&L highlights (USD)

Headcount (FTE)	884people
Revenue	143.8M
Cost of revenue	(28.7B)
Gross profit	-28.6B
Operating expenses (S&M + G&A)	(5.6B)
Operating income	1.4B
Net income	968M

Balance sheet highlights (USD)

Property, plant & equipment	2.1B
Right-of-use (leased) assets	62.9M
Total assets	7.3B
Total debt	2B
Cash & equivalents	222.4M
Minority interest	2.8M

Market & shares

Market cap (FY-end)	40.2B
Shares outstanding	305.9M

Events 2024· 39

Scope 3 Cat 11 UoSP boundary refined per SBTi validation

As part of SBTi target validation in 2024, CBRE refined the boundary for Scope 3.11 Use of Sold Products to require three conditions: CBRE serves as property/facilities manager; has access to energy use data; and has a contract including energy management and decarbonization services. This resulted in a notable decrease in influenceable AUM and emissions after adjusting for year-over-year comparability.

▾ expand

100% renewable electricity procurement by end of 2025 via EACs, REGOs, GOs, RECs and VPPAs

CBRE targets 100% renewable electricity for corporate operations by end of 2025 through a combination of tactics: Energy Attribute Certificates (REGOs, GOs) in UK and Europe; Green-e certified RECs for all US and Canada offices; a multi-year contract with Red Energy for Australia; and VPPAs such as the wind VPPA in Australia. As of 2024, CBRE purchased renewable energy covering ~57% of electricity use (50,565 MWh), more than double the prior year, securing renewables for 260+ offices (~60% of occupied space by sq ft). In 2023, CBRE also acquired NRG Energy's renewable advisory group to enhance client renewable energy transaction brokerage capabilities.

▾ expand

Dependent: Client building decarbonisation services (Scope 3.11 Use of Sold Products)

CBRE's largest emission category is Scope 3.11 UoSP - in-use operational energy emissions of buildings managed for clients under Facilities and Property Management contracts. Since 2019, GHG emissions intensity per sq ft in managed buildings decreased 26% and absolute emissions decreased 30%. In 2024, CBRE's FM teams proposed 1,838 energy efficiency and decarbonisation projects for enterprise clients, executing projects that reduced ~461,000 metric tons CO2e and generating $30M in client cost savings. Services include building electrification, smart building integration, efficiency-as-a-service (Redaptive partnership), renewable energy solutions (on- and off-site), and net zero program management. The SBTi-validated intensity target is 55% reduction per sq ft by 2030 vs 2019.

▾ expand

Scope 3 Cat 15 methodology updated for direct private RE investments

In 2024, CBRE updated the methodology for Scope 3 Category 15 to incorporate IEA emission factors; use GRESB, PCAF, and ENERGY STAR benchmarks for assets without full data coverage; align with financial control of assets by incorporating percent ownership; and incorporate Scope 3 emissions from indirect private real estate investments. Changes applied to all years back to 2019.

▾ expand

Carbon offsets used selectively; permanent removals planned for Net Zero 2040 residual neutralisation

CBRE's near-term strategy does not include material investment in carbon removals; however, the company recognises the role of carbon offsets and voluntary market instruments. In 2024, CBRE retired 6,849 tCO2e across four projects in Australia and Papua New Guinea (REDD+, Human-Induced Regeneration, Savannah Fire Management, and Gold Standard cookstoves), limited to select geographies aligned with local programs. For achieving Net Zero by 2040, CBRE intends to neutralise residual emissions with permanent carbon removals and plans to purchase and cancel carbon credits for neutralisation at the end of the target period.

▾ expand

Base year and all prior years restated for Turner & Townsend and methodological changes

CBRE restated all GHG inventory years back to 2019 base year to reflect: (1) integration of Turner & Townsend, (2) new data technology platform, (3) refined energy estimation models, (4) scaled supplier engagement with more primary data, (5) refined Cat 11 boundary, and (6) updated Cat 15 methodology. Significance threshold is 5% but management may adjust below that.

▾ expand

SBTi-validated near-term 2030 targets and Net Zero 2040 target set

CBRE announced SBTi-validated (Corporate Net Zero Standard, Criteria v5.2) near-term targets: (1) 50% absolute reduction in Scope 1+2 by 2030 vs 2019 baseline; (2) 55% intensity reduction in Scope 3.11 UoSP per sq ft by 2030 vs 2019. Net Zero target across all scopes by 2040. These replace 2035 targets previously validated by SBTi in 2020. 1.5°C aligned.

▾ expand

Primary: Portfolio decarbonisation audits and zero emission road map

The Fund completed over 350 decarbonisation audits to date across the portfolio and completed a zero emission road map for the Fund based on received decarbonisation audits. The roadmap includes a comprehensive capex programme of approximately EUR 187 million until 2041. Sustainability Action Plans (SAPs) are used to streamline budgeting of climate transition measures at the asset level.

▾ expand

Supplier primary data expanded - 167 supplier-specific factors used vs 59 prior year

In 2024, CBRE analyzed 459 supplier-specific emissions intensity factors, 167 of which passed rigorous data quality checks and were integrated into the Cat 1 emissions calculation, up from 59 the prior year. These represent 1.4 billion (4%) of procurement spend and 283,617 tCO2e (5.5%) of supply chain emissions. More primary data increases accuracy but may not reflect actual GHG changes.

▾ expand

SBTi Corporate Net Zero Standard validation received

CBRE's Net Zero by 2040 target and near-term 2030 targets (Abs1, Int1) were validated and approved by the Science Based Targets initiative conforming to SBTi Corporate Net Zero Standard Criteria version 5.2. Official validation letters attached.

▾ expand

see 29 more events →

2023

cdp response ↗

Climate · carbon footprint (tCO2e)

Scope 1	926
Scope 2 (market-based)	33,250
Scope 3	88,451
Cat 1 · Purchased goods	5.2M
Cat 2 · Capital goods	0
Cat 3 · Fuel + energy	24,152
Cat 4 · Upstream transport	0
Cat 5 · Waste in operations	0
Cat 6 · Business travel	191
Cat 7 · Employee commuting	119,643
Cat 8 · Upstream leased	8,406
Cat 9 · Downstream transport	0
Cat 10 · Processing of sold	0
Cat 11 · Use of sold products	25.1M
Cat 12 · End-of-life	0
Cat 13 · Downstream leased	0
Cat 14 · Franchises	0
Cat 15 · Investments	780,525
Gross carbon footprint	122,627
Offsets retired	(4,326)
Net carbon footprint	118,301

Energy (kWh)

Electricity	85.8M
Fuel (stationary + mobile)	235.2M
Heat / steam	41.7M
Total energy	274.1M
Renewable energy	(22.9M)
Non-renewable / hydrocarbon	251.2M
Renewable electricity %	27%

Nature

water withdrawal m3	1,261m3
waste generated t	2,197tonnes

Social

workforce female pct	35%
workforce management female pct	34%
employee turnover pct	22%
h s total recordable injury rate	0per 200000 hours
h s lost time injury rate	0per 200000 hours
h s fatalities	0count

P&L highlights (USD)

Headcount (FTE)	119,435people
Revenue	337.4M
Total operating expenses	(101.6M)

Balance sheet highlights (USD)

Property, plant & equipment	6.5B
Right-of-use (leased) assets	65.9M
Total assets	7.2B
Total debt	1.4B
Cash & equivalents	204.8M
Minority interest	3.4M

Events 2023· 13

Dependent: Energy efficiency and decarbonisation services for managed buildings (Use of Sold Products)

Energy use in buildings managed for clients represents 97% of CBRE's downstream Scope 3 emissions (~25 Mt CO2e in 2023). CBRE's Global Workplace Solutions and Advisory Services segments proposed 2,600+ energy efficiency and decarbonisation projects in 2023, executing projects that reduced ~550,000 tCO2e and delivered >$107M in client cost savings. CBRE's approach encompasses three pillars: strategic blueprint, resource optimisation, and decarbonisation at scale, underpinned by data platforms (Deepki, Emitwise) and strategic partnerships (Altus Power for renewable energy, Redaptive for EaaS financing). GHG emissions per sqft for occupier clients decreased 5% YoY and 8% since 2019; for owner/landlord clients decreased 5% YoY and 7% since 2019, tracking the SBTi intensity targets.

▾ expand

100% renewable electricity by 2025 via RECs, REGOs, GOs, and PPAs

CBRE aims to procure 100% renewable electricity for corporate operations by end of 2025, a strategic initiative critical to achieving its SBTi-validated 68% Scope 1&2 reduction target by 2035. In 2023, CBRE directly purchased 27% of electricity from renewable sources (up 11pp from 2022), using mechanisms including US-RECs (primarily wind & solar), REGOs (UK), Guarantees of Origin (Europe: Finland, France, Germany, Netherlands, Poland, Spain, Sweden, Switzerland), and retail green electricity contracts. Electricity emissions account for ~29% of Scope 1 and 2 emissions, making renewable procurement a critical decarbonization pathway. CBRE procures EACs across 11+ countries and plans to scale to 100% by 2025 through a combination of locally available sourcing options and scalable solutions.

▾ expand

Hybrid supply chain emissions methodology adopted; baselines restated 2019-2022

CBRE enhanced GHG accounting to adopt a hybrid calculation method for Cat 1 Purchased Goods & Services incorporating Exiobase spend-/activity-based factors and supplier-specific emissions intensity factors via primary data. Change reduced Cat 1 estimate by ~one-third vs. prior WIOD methodology. Baselines 2019-2022 restated.

▾ expand

Well-to-tank GHG emissions added to employee commuting calculation

CBRE enhanced Cat 7 Employee Commuting accounting to include well-to-tank GHG emissions. Baseline adjustments made to years 2019-2022 to reflect this change.

▾ expand

Improved extrapolation model for Use of Sold Products (managed buildings energy)

Following a technical review by a third party, CBRE made improvements to the extrapolation model used to estimate energy use and GHG emissions in managed properties. Also enhanced model for estimating energy use in corporate offices where data is not available. Baselines recalculated.

▾ expand

Base year and past years recalculated for Scopes 1, 2, and 3

Due to methodology improvements in supply chain emissions, employee commuting WTT, and managed buildings energy extrapolation, CBRE recalculated base year (2019) and past years' emissions for Scopes 1, 2 location-based, 2 market-based and 3. Significance threshold is 5% change, though sub-threshold changes may also be made at management discretion.

▾ expand

CBRE Australia Climate Active certification maintained via carbon offset retirement

CBRE in Australia maintained Climate Active certification, retiring 433 tCO2e (Great Barrier Reef revegetation, vintage 2019, Australian ERF) and 3,893 tCO2e (Katingan Mentaya peatland, vintage 2017, VCS) totaling 4,326 tCO2e for voluntary offsetting.

▾ expand

Permanent carbon removals planned for residual emissions; offset strategy in development

CBRE's Net Zero by 2040 target explicitly intends to neutralize residual emissions with permanent carbon removals at the end of the target period, and plans to purchase and cancel carbon credits for neutralization. CBRE has identified development of a long-term carbon offset strategy as a strategic objective in its Net Zero Strategy for Corporate Operations, anticipating completion within 18-24 months. Currently, CBRE Australia uses project-based offsets for voluntary purposes under Climate Active certification (retired 4,326 tCO2e in 2023 including revegetation/peatland protection projects). CBRE does not yet employ a systematic global removals strategy but has committed to seeking SBTi net zero validation within two years.

▾ expand

Primary: Corporate office energy efficiency and footprint consolidation

CBRE continuously improves energy efficiency across nearly 500 corporate offices globally through the Buildings Pathway of its Net Zero Strategy. Key initiatives include sustainable office site development, high-efficiency fitouts via the Workplace 360 programme (128 offices, 57% of global occupied space), and requiring LEED/BREEAM/Gold Star certification for all new/renovated offices >10,000 sq ft. Space consolidation and efficiency improvements drove a 33% market-based Scope 2 electricity reduction in 2023 vs. 2022 and a 16% reduction in purchased heating. Only 36% of floor area is directly metered; improving electricity data coverage to >36% of occupied space is a near-term target.

▾ expand

Primary: Fleet electrification — 100% EV by 2035

CBRE manages a global fleet of cars, trucks and vans for facilities management services and has committed to transitioning 100% to EVs by 2035. By end of 2023, over 500 EVs were deployed globally (6% of fleet), with 370 actively deployed in the US saving 162 tCO2e vs. ICE vehicles. CBRE implements regional policies and business segment playbooks for EV adoption, expanding EV offerings and exploring vehicle fit-out options. Investment of ~$2.7M in US EV lease payments annually with estimated cost savings after year one. Fleet electrification is a primary Scope 1 lever given that vehicle fuel accounts for 55,225 out of 55,877 tCO2e Scope 1.

▾ expand

see 3 more events →

2022

sustainability report ↗cdp response ↗

Climate · carbon footprint (tCO2e)

Scope 1	48,337
Scope 2 (market-based)	38,449
Scope 3	71.5M
Cat 1 · Purchased goods	10M
Cat 2 · Capital goods	0
Cat 3 · Fuel + energy	22,126
Cat 4 · Upstream transport	0
Cat 5 · Waste in operations	0
Cat 6 · Business travel	19,724
Cat 7 · Employee commuting	57,861
Cat 8 · Upstream leased	3,987
Cat 9 · Downstream transport	0
Cat 10 · Processing of sold	0
Cat 11 · Use of sold products	61.1M
Cat 12 · End-of-life	0
Cat 13 · Downstream leased	0
Cat 14 · Franchises	0
Cat 15 · Investments	326,795
Gross carbon footprint	71.6M
Offsets retired	(2,400)
Net carbon footprint	71.6M

Energy (kWh)

Electricity	321.4M
Fuel (stationary + mobile)	690M
Heat / steam	170.8M
Total energy	1.2B
Renewable energy	(264.5M)
Non-renewable / hydrocarbon	917.7M
Renewable electricity %	18%

Nature

water withdrawal m3	1,285m3
waste generated t	1,470tonnes

Social

workforce female pct	34%
employee turnover pct	17%
h s total recordable injury rate	0per 200000 hours
h s lost time injury rate	0per 200000 hours
h s fatalities	2count
workforce management female pct	34%
gender pay gap mean pct	12%
community investment amount	19.3MUSD
training hours per employee	9hours
gender pay gap median pct	16%

Governance

board diversity pct	36%
board independence pct	91%
workforce board female pct	27%
esg linked executive pay yn	1yes
audit assurance climate levelⓘ	1level

P&L highlights (USD)

Headcount (FTE)	115,000people
Revenue	30.8B
Total operating expenses	(4.6B)

Events 2022· 29

Dependent: Use-of-sold-product: decarbonizing 7B+ sq ft managed property

Dominant scope 3 source (~61M tCO2e in 2022). CBRE provides energy/sustainability services to ~35,000 buildings under management generating $420M+ revenue. 2,800+ energy efficiency projects identified in 2022 = 300K tCO2e potential reduction; 261K tCO2e and $72M savings executed. Since 2017, helped clients reduce 1.9M tCO2e. Partnerships with Altus Power (solar), Redaptive (EaaS, $165M funded for 777 projects), and Deepki (data intelligence at 2,000+ buildings).

▾ expand

100% fleet EV transition target by end of 2035

CBRE committed to transitioning 100% of its global fleet of cars, trucks and vans to electric vehicles by end of 2035. Base year 2021 EV share was 0%. As of 2024, 8.8% of fleet (880+ EVs globally) achieved. Linked to near-term Scope 1 and 2 SBT.

▾ expand

100% fleet electrification by 2035 target set

CBRE committed to transitioning 100% of global vehicle fleet to EVs by end of 2035. In 2023, over 500 EVs globally representing 6% of fleet; 370 US-deployed EVs saved 162 tCO2e. Target is company-wide Low2 target aligned to SBTi.

▾ expand

100% renewable electricity reached three years ahead of schedule

Since 2022, all CBRE Spain offices have run on 100% renewable energy purchased from a green supplier, eliminating scope 2 emissions.

▾ expand

Primary: Fleet electrification — 100% EV fleet by 2035

CBRE manages a global fleet of cars, trucks, and vans. Transitioning 100% to EVs by end of 2035 is a core Scope 1 reduction lever. By end of 2022, approximately 107 EVs were actively deployed, saving an estimated 15 tCO2e vs ICE vehicles. Steps include: integrating 130+ EVs into US fleet, developing a global fleet inventory/dashboard, identifying preferred EV vendors, and deploying charging infrastructure. Average cost premium per vehicle lifetime estimated at $17,000; total 2022 investment ~$1.8M.

▾ expand

Net Zero Strategy for Corporate Operations published December 2022

CBRE published its formal Net Zero Strategy for Corporate Operations in December 2022, organized around four pathways: buildings, transport, energy, and procurement. Strategy includes fleet electrification (100% EV by 2035), 100% renewable electricity by 2025, and supplier engagement programme.

▾ expand

2019–2021 GHG inventory restated for boundary expansion and Intego acquisition

CBRE recalculated Scope 1, Scope 2 location-based, Scope 2 market-based, and Scope 3 for data years 2019–2021 to reflect expanded boundary (full occupied electricity) and Intego acquisition. Policy: >5% threshold triggers restatement, but management discretion used for smaller changes.

▾ expand

Primary: Office energy efficiency and sustainable office site development

CBRE's Net Zero Strategy Buildings pathway targets continuous energy efficiency improvements and portfolio consolidation across ~500 corporate offices globally. Since 2019, Scope 1+2 emissions fell 16%. CBRE requires all new/renovated offices >10,000 sqft to earn a sustainability certification (LEED, BREEAM, or Gold Star). The Workplace360 programme now covers 115 offices (58% of occupied space), avoiding ~1 million sqft of footprint through flexible design with efficient lighting, automated controls, and recycled materials.

▾ expand

Dependent: Sustainable supply chain — EcoVadis engagement and net zero procurement integration

CBRE's $32B procurement spend with ~130,000 suppliers represents Scope 3 Cat 1 of ~10 billion tCO2e. The Procurement pathway of the Net Zero Strategy uses EcoVadis assessments to score suppliers; ~600 suppliers assessed in 2022, ~$5B (16%) of spend rated Bronze or above. CBRE transitioned to a WIOD-based supply chain dashboard in 2022 to enhance Scope 3 tracking. Strategic objectives include building primary GHG data capability, prioritising high-impact supplier engagement, and integrating net zero into procurement standards.

▾ expand

Boundary expansion: full occupied electricity and shared services now included in Scope 2 and Scope 3 Cat 8

CBRE rebaselined 2019–2022 emissions to include full electricity usage of occupied footprint (shared building services to tenant areas as Scope 2) and landlord shared services electricity in common areas as Scope 3 Cat 8. Scope 3 Cat 1 now also includes activity conducted on behalf of clients. Recalculations applied across all affected years.

▾ expand

see 19 more events →

2021

Climate · carbon footprint (tCO2e)

Scope 1	46,251
Scope 2 (market-based)	20,078
Scope 3	72.8M
Cat 1 · Purchased goods	365,799
Cat 2 · Capital goods	0
Cat 3 · Fuel + energy	16,896
Cat 4 · Upstream transport	0
Cat 5 · Waste in operations	0
Cat 6 · Business travel	14,001
Cat 7 · Employee commuting	35,562
Cat 8 · Upstream leased	0
Cat 9 · Downstream transport	0
Cat 10 · Processing of sold	0
Cat 11 · Use of sold products	88.4M
Cat 12 · End-of-life	0
Cat 13 · Downstream leased	0
Cat 14 · Franchises	0
Cat 15 · Investments	333,389
Gross carbon footprint	72.9M
Offsets retired	(619)
Net carbon footprint	72.9M

Energy (kWh)

Electricity	40.1M
Fuel (stationary + mobile)	194.8M
Heat / steam	40.5M
Total energy	275.3M
Renewable energy	(5.8M)
Non-renewable / hydrocarbon	269.5M
Renewable electricity %	15%

Nature

water withdrawal m3

1,247m3

Social

h s fatalities	0count
gender pay gap mean pct	15%
h s lost time injury rate	0per 200000 hours
h s total recordable injury rate	0per 200000 hours
gender pay gap median pct	8%

P&L highlights (USD)

Headcount (FTE)	105,000people
Revenue	27.7B
Cost of revenue	(21.6B)
Gross profit	6.2B
Operating expenses (S&M + G&A)	(4.5B)
Operating income	1.6B
Net income	1.8B

Balance sheet highlights (USD)

Property, plant & equipment	1.9B
Total assets	22.1B
Total debt	2.8B
Cash & equivalents	2.4B
Minority interest	830.9M

Market & shares

Market cap (FY-end)	36.4B
Shares outstanding	335.2M

Events 2021· 14

100% renewable electricity target by end of 2025 set

CBRE set a target to procure 100% renewable electricity for all corporate operations by end of 2025. Base year 2019 renewable share was 7.8%. As of 2024, 54.6% achieved, covering ~260 offices (~60% of occupied space). Mechanisms include REGOs, GOs, RECs, and VPPAs.

▾ expand

Third-party limited assurance (ISO 14064-3) for Scope 1, 2, and selected Scope 3 categories

Annual third-party limited assurance under ISO 14064-3 for 100% of reported Scope 1, Scope 2 (both location- and market-based), and Scope 3 categories: purchased goods, fuel & energy activities, business travel, and employee commuting.

▾ expand

Net zero by 2040 commitment with SBTi-approved interim targets

In 2021, CBRE announced commitment to achieve net zero carbon emissions by 2040 with 2035 interim milestones approved by SBTi: 68% absolute reduction Scope 1+2, 79% intensity reduction for occupier-managed buildings, 67% intensity reduction for landlord-managed buildings. Also 100% renewable energy by end of 2025 and 100% fleet electrification by end of 2035.

▾ expand

Dependent: Energy efficiency and decarbonisation projects for managed client buildings (Scope 3 Cat 11)

CBRE's dominant Scope 3 category is Cat 11 (use of sold products — managed buildings), representing 88.4 MtCO2e in 2021. CBRE implemented over 3,200 energy efficiency and decarbonisation projects for GWS enterprise clients in 2021, saving 272,000 tCO2e. The firm uses ENERGY STAR Portfolio Manager, NABERS benchmarks, and direct energy tracking to calculate and reduce building emissions across 1.81 billion sq ft managed globally. Two SBTi-validated intensity targets (Int1 and Int2) drive reductions by space use type.

▾ expand

Primary: Green building certification preference for CBRE's own leased offices

CBRE's Environmental Sustainability Policy gives preference to certified green buildings (LEED, BREEAM, WELL, Fitwel) for its leased corporate facilities, and pursues interior design/construction certification for offices >10,000 sq ft during relocation or refurbishment. By end of 2021, ~53% of global occupied space had green building certification, directly reducing office energy use and Scope 2 emissions.

▾ expand

Primary: Fleet vehicle fuel consumption reduction driving Scope 1 decline

In 2021, CBRE's Scope 1 emissions fell 23% from 2020 primarily due to decreased fleet vehicle fuel consumption and mileage reported. Total oil (gasoline, diesel, LPG) consumption was 194,753.77 MWh, and natural gas for facility heating was 39,774.25 MWh. Monitoring and managing fleet usage is a direct operational lever for Scope 1 reduction.

▾ expand

Procurement of renewable electricity via RECs and REGO-backed tariffs toward 100% by 2025

CBRE has committed to consuming 100% renewable electricity in its operations by 2025 (from a 10.8% base in 2019), aligned with its SBTi Scope 1+2 target. As of 2021, 14.5% of electricity was sourced from renewables — a 32% increase from 2020 — primarily through US wind-backed RECs (5,826.63 MWh) and REGO-backed tariffs for European and US offices. CBRE acknowledges the role of RECs and carbon offsets in catalysing renewable energy development and has purchased carbon offsets (landfill gas, 618.7 tCO2e) for Workplace360 LEED offices.

▾ expand

Acquisition of Intego A/S (Denmark) incorporated into GHG baseline

CBRE finalised acquisition of Intego A/S (850+ employees, 16 locations) into Global Workplace Solutions Denmark. Baseline adjustments made to 2019–2021 Scope 1, Scope 2, and Scope 3 Categories 6, 7, and 8 to account for Intego operations.

▾ expand

Net zero by 2040 commitment announced (own ops + managed properties + supply chain)

In 2021 CBRE committed to achieve net zero carbon emissions by 2040 covering corporate operations, properties managed for investors and occupiers, and supply chain. Aligned with The Climate Pledge (net zero 10 years ahead of Paris Agreement). SBTi validation sought within 2 years.

▾ expand

100% renewable electricity by 2025 target set

CBRE set a target to purchase 100% renewable electricity for corporate operations by end of 2025, as a strategic initiative supporting the SBTi and net zero goal. Base year 2019: 4.5% renewable. In 2023, 27% achieved (up from 16% in 2022).

▾ expand

see 4 more events →

2020

Climate · carbon footprint (tCO2e)

Scope 1	60,379
Scope 2 (market-based)	22,684
Scope 3	70.7M
Cat 1 · Purchased goods	205,650
Cat 2 · Capital goods	0
Cat 3 · Fuel + energy	5,403
Cat 4 · Upstream transport	0
Cat 5 · Waste in operations	0
Cat 6 · Business travel	13,819
Cat 7 · Employee commuting	45,157
Cat 8 · Upstream leased	0
Cat 9 · Downstream transport	0
Cat 10 · Processing of sold	0
Cat 11 · Use of sold products	54.1M
Cat 12 · End-of-life	0
Cat 13 · Downstream leased	0
Cat 14 · Franchises	0
Cat 15 · Investments	304,800
Gross carbon footprint	70.8M
Net carbon footprint	70.8M

Energy (kWh)

Total energy	388.4M
Renewable energy	(5.9M)
Non-renewable / hydrocarbon	382.5M

Nature

water withdrawal m3

1,273m3

Social

h s lost time injury rate	0per 200000 hours
h s total recordable injury rate	0per 200000 hours

P&L highlights (USD)

Headcount (FTE)	100,000people
Revenue	23.8B
Cost of revenue	(19B)
Gross profit	4.8B
Operating expenses (S&M + G&A)	(3.9B)
Operating income	969.8M
Net income	752M

Balance sheet highlights (USD)

Property, plant & equipment	1.8B
Total assets	18B
Total debt	2.8B
Cash & equivalents	1.9B
Minority interest	427.3M

Market & shares

Market cap (FY-end)	21B
Shares outstanding	335.2M

Events 2020· 8

SBTi-validated 1.5°C aligned Scope 1&2 absolute target set (68% by 2035)

CBRE announced SBTi-approved absolute target to reduce Scope 1 and 2 GHG emissions 68% from 2019 baseline by 2035. Also validated two Scope 3 intensity targets (79% per sqft for occupier clients, 67% per sqft for owner/landlord clients) by 2035. Target date 11/24/2020.

▾ expand

SBTi-validated Scope 3 intensity targets for managed buildings (Int1: -79%; Int2: -67% by 2035)

Two SBTi-approved intensity targets set on Scope 3 Cat 11 (use of sold products - managed buildings): Int1 (occupier-managed sq ft) targets 79% reduction and Int2 (investor-managed sq ft) targets 67% reduction in emissions intensity by 2035 vs. 2019 base. Both use metric tons CO2e per sq ft.

▾ expand

100% renewable electricity target by 2025

CBRE committed to consuming 100% renewable electricity in its operations by 2025, starting from a 10.8% base in 2019. This supports the SBTi Scope 1+2 reduction target. By 2021, 14.5% renewable electricity was achieved, a 32% increase from 2020.

▾ expand

100% fleet electrification by 2035

In 2020, committed to transitioning 100% of fleet to EVs by end of 2035. As of 2025, over 1,300 EVs (~13% of fleet).

▾ expand

100% renewable electricity target by end of 2025 set

CBRE set a company-wide target to purchase 100% renewable electricity by end of 2025 (baseline 5% in 2019). As of 2022, 17.7% achieved. Procured via REGOs, RECs, and PPAs.

▾ expand

SBTi-validated absolute Scope 1+2 reduction target: 68% by 2035 from 2019 base

CBRE set an SBTi-approved 1.5°C-aligned absolute emissions reduction target to cut Scope 1 and market-based Scope 2 GHG emissions by 68% by 2035 against a 2019 base year (87,198 tCO2e). As of 2021, 35.2% of the target has been achieved.

▾ expand

SBTi-validated 68% absolute Scope 1+2 reduction target by 2035 (1.5°C)

CBRE set an absolute Scope 1+2 GHG emissions reduction target of 68% by 2035 vs 2019 baseline (62,337 + 41,179 tCO2e), validated by SBTi at 1.5°C alignment. Also set two intensity Scope 3 targets: 79% per sqft for occupier clients and 67% per sqft for landlord/owner clients. Target year set in 2020.

▾ expand

Scope 3 Cat 11 (Use of Sold Products) 2020 data restated downward

CBRE identified overreporting in 2020 Scope 3 Category 11 (Use of Sold Products) and restated the figure from a higher amount to 54,109,904 tCO2e in this 2022 CDP response. No other categories were restated.

▾ expand