2026
reporting yearFinancials
Revenue—
OpEx—
FTE—
Market cap (FY-end)—
Climate
Scope 1—
Scope 2 (market)—
Scope 2 (location)—
Scope 3 total—
RVBA-CUSHM▲Listed
Cushman & Wakefield
Real Estate Services·Real Estate - Services
CWK (NYSE)·NEW YORK·US
Verified credentials
SBTi Validated1.5°CCDP Listed
Company website
Decarbonisation trajectory · all scopes
Scope 3· base 2024 · 7.6M tCO2e
No targets available; showing actuals against baseline.
Headline intensities
·Values in USD ($)
Peer cohort: Real Estate Services · lower is betterRevenue intensity
Carbon / $m revenue
—tCO2e / $m revenue
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.
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Operational intensity
Carbon / $m OpEx
—tCO2e / $m OpEx
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.
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Economic intensity
Carbon / $m EVIC
—tCO2e / $m EVIC
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?
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Asset intensity
Carbon / $m PP&E + leased
—tCO2e / $m PP&E
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.
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Workforce intensity
Carbon / FTE
—tCO2e / 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.
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Targets
Near-term
3 targets| Scope | Base | Target | Reduction | Alignment | Progress | Status |
|---|---|---|---|---|---|---|
| Scope 1 + 2Absolute | 2019 | 2034 | −73% | 1.5°C | insufficient data | — |
| Scope 3Intensity | — | 2034 | — | NA | intensity — not tracked vs absolute | — |
| Scope 3Intensity | 2019 | 2034 | −66% | intensity — not tracked vs absolute | — |
Long-term
3 targets| Scope | Base | Target | Reduction | Alignment | Progress | Status |
|---|---|---|---|---|---|---|
| Scope 1 + 2 | — | 2050 | — | absolute-value target | — | |
| Scope 1 + 2 + 3Absolute | 2019 | 2050 | −90% | 1.5°C | insufficient data | — |
| Scope 3 | — | 2050 | — | absolute-value target | — |
Net zero
1 target| Scope | Base | Target | Reduction | Alignment | Progress | Status |
|---|---|---|---|---|---|---|
| Scope 1 + 2 + 3 | 2019 | 2050 | — | 1.5°C | 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
no Scope 1 + 2 trajectory data
Scope 3 trajectory
ActualLinear1.5°C
No target available for this scope.