Cushman & Wakefield — full event log
Every event we have on file across every reporting year. The Data-by-year tab summarises the top 10 per year; this page shows them all.
← back to Data by year2023· 17 events
Published first Non-Financial and Sustainability Information Statement including a climate risk assessment aligned with TCFD. Identified physical (chronic and acute) and transition risks across short/medium/long-term horizons.
sustainability_report p.25
Target to purchase 100% renewable electricity for corporate offices by 2030. Currently at 58% in 2023.
sustainability_report p.7
Target to electrify vehicle fleet globally by 2035. France set 100% EV goal in 2022.
sustainability_report p.7
The 2023 report does not disclose any use of carbon removals, DAC, BECCS, biochar, or nature-based offsets in the firm's inventory. Net-zero approach focuses on direct value-chain reductions (52% reduction in entire value chain emissions vs 2019 baseline) and engaging clients/suppliers to set science-based targets. No offset retirement disclosed.
sustainability_report p.26
Office energy consumption decreased 10.6% in 2023 driven by reduced square footage due to office consolidation, hybrid work optimization, and implementation of energy-efficiency equipment. Office energy intensity decreased 13% in 2023; 68% reduction in market-based office emissions per thousand sf since 2019.
sustainability_report p.28
Transitioning corporate vehicle fleet to electric vehicles is a key Scope 1 lever. EV roll-out has begun in several countries. France set a 100% EV goal in 2022. Company-wide electrification target by 2035. Net Zero Cloud deployment improves data visibility for EV transition planning.
sustainability_report p.28
Over 4,800 new and existing suppliers completed ESG intake questionnaire in 2023. Goal: 100% of key suppliers to have an ESG program by year-end 2025; 50% to have science-based emissions reduction targets by year-end 2030. ESG supplier questionnaires capture supplier emissions for Scope 3 allocation.
sustainability_report p.7
Completed deployment of Salesforce Net Zero Cloud across global operations in 2023 for Scope 1 and 2 emissions data tracking. 100+ users globally inputting GHG data directly, reducing reliance on estimations and enabling more accurate emissions calculations and EV transition planning.
sustainability_report p.31
Commitment to spend $1 billion with diverse businesses by 2025. Achieved ~$840M in 2023 (4.6% increase vs 2022).
sustainability_report p.7
Cushman & Wakefield identified six UNSDGs material to its business: SDG 3 (Good Health and Well-Being), SDG 5 (Gender Equality), SDG 8 (Decent Work and Economic Growth), SDG 9 (Industry, Innovation and Infrastructure), SDG 11 (Sustainable Cities and Communities), and SDG 13 (Climate Action). Participant in UN Global Compact since 2018.
sustainability_report p.9
Category 11 accounts for 96% of total Scope 3 emissions. Target: engage clients representing 70% of managed-property emissions to set science-based targets by 2025; currently 32% of clients have set SBTs. Partnerships with technologies (Atrius, Measurabl, CFP Green Buildings, Jupiter Intelligence) help clients track and reduce footprints.
sustainability_report p.29
In 2023, a certain client building type was excluded from operational boundary for the first time, partially explaining the 37% reduction in Category 11 emissions and 36% overall Scope 3 reduction vs 2022. Company plans to recalculate and restate previous years' emissions figures.
sustainability_report p.29
Named ENERGY STAR Partner of the Year for the 11th consecutive year in 2023, earning Sustained Excellence distinction for the 9th year.
sustainability_report p.6
The methodology for Scope 3 Category 7 (employee commuting) was updated in accordance with current best practices for accuracy. Resulted in 50% decrease in employee commuting emissions in 2023.
sustainability_report p.99
In 2023, renewables accounted for 58% of all energy purchased, a 10 percentage-point improvement from 2022. New Zealand offices sourced 100% energy from renewable sources through a Power Purchase Agreement. Continued purchase of energy attribute certificates (EACs/RECs) accounting for approximately 19,057 MWh in 2023 both in U.S. and across international operations. Goal is 100% renewable electricity for corporate offices by 2030.
sustainability_report p.28
In 2023, the Global Sustainability Taskforce transitioned to a Global Sustainability Working Group, led by newly appointed Chief Sustainability Officer Jessica Francisco.
sustainability_report p.6
Achieved ISO 14001 certification for operations in 15 countries in EMEA and 5 countries in APAC. Also achieved ISO 9001 and ISO 45001 in multiple APAC countries.
sustainability_report p.33
2022· 19 events
Commitment to purchase 100% renewable electricity for corporate offices by 2030; electrify global vehicle fleet by 2035.
sustainability_report p.19
Cushman & Wakefield's removals approach is currently limited to nature-based reforestation through partnership with Treedom in Italy, which has grown to more than 2,450 young trees worldwide, with commitment to plant 1,000 trees/year for three years. Argentina office runs reforestation gifts via ONG Un Arbol. No durable removals (DAC/BECCS) or carbon credit retirements are disclosed in the inventory; the firm relies on emissions reductions rather than offsets to track progress toward SBTi-validated net-zero by 2050.
sustainability_report p.36
In 2022, amended credit agreement to add pricing terms tied to firm's science-based targets, demonstrating commitment to climate goals.
sustainability_report p.39
Increase renewable electricity portfolio through unbundled EACs in the US and utility-provided renewable energy in international offices. 48% of electricity sourced from renewable sources in 2022, working toward 100% by 2030.
sustainability_report p.40
Reduce energy use through space optimization within leased office portfolio and implementation of energy efficiency initiatives in metered facilities. Take on new and more efficient leased space. Resulted in 33% reduction in Scope 1+2 (market-based) since 2019.
sustainability_report p.40
Electrify global vehicle fleet by 2035. Encourage less travel in more efficient corporate vehicles. Mobile fuels remain the largest Scope 1 source — 167,591 GJ in 2022 (up 12% on inclusion of non-US fleet).
sustainability_report p.40
In 2022, Cushman & Wakefield sourced 48% of its electricity for operations from renewable sources, consisting of 14,700 MWh of unbundled Energy Attribute Certificates (EACs) in the US plus renewable energy procurement via utility providers in some offices. The firm targets 100% renewable electricity for corporate offices by 2030. Sydney and Melbourne Australian offices are already run on 100% renewable energy.
sustainability_report p.38
Cushman & Wakefield divested its business in Russia to a local operator in response to the ongoing crisis in Ukraine.
sustainability_report p.5
Engage clients representing 70% of emissions at managed properties to set their own science-based targets by 2025. As of 2022/H1 2023, clients representing 30% of emissions have set SBTs. Primary lever for the firm's value-chain emissions, which dominate the inventory.
sustainability_report p.40
Provided energy and sustainability services to 38,750+ buildings totaling ~930 million square feet globally in 2022, including 945 energy ratings, helping clients reduce emissions in managed/advised portfolios. Net-zero audits, roadmaps, building certifications (LEED, WELL, BREEAM) embedded in client offerings.
sustainability_report p.26
In 2022, formed a new Global Sustainability Taskforce led by Chief Transformation Officer Kalani Reelitz to develop actionable strategy around key sustainability initiatives.
sustainability_report p.14
Ensure 100% of key suppliers have an ESG program in place by 2025 and 50% of key suppliers have a science-based emissions reduction target by 2030. Incorporate ESG Supplier Questionnaire in onboarding for new suppliers by 2024.
sustainability_report p.19
In June 2022, Cushman & Wakefield was among the first group of companies to have its net zero target (Scope 1, 2 and 3 by 2050) validated by the SBTi's Net Zero Corporate Standard. Targets to reduce Scope 1&2 by 50% by 2030 from 2019 baseline and engage clients representing 70% of managed property emissions to set SBTs by 2025 were validated in July 2021.
sustainability_report p.39
Reports alignment with SDGs 3 (Good Health), 5 (Gender Equality), 8 (Decent Work), 9 (Industry/Innovation), 11 (Sustainable Cities), and 13 (Climate Action). UNGC participant since 2018.
sustainability_report p.16
Cushman & Wakefield received third-party verification of its Scope 1, 2 and 3 GHG emissions by Apex Companies, LLC. Third year of verification.
sustainability_report p.7
Starting in 2022, total Scope 3 emissions include Category 15, Investments. Note: 2021 reported Scope 3 was 25.1M tCO2e but 2022 was 14.6M; the year-over-year decrease reflects methodology refinements.
sustainability_report p.133
23% decrease in office energy attributed to improved data collection; 12% increase in mobile fuel due to inclusion of fleet vehicles outside the US in emissions accounting.
sustainability_report p.37
Goal to spend $1 billion with diverse businesses by 2025. In 2022, spent $802.4M with 3,600+ diverse suppliers in North America, a 38% increase YoY.
sustainability_report p.19
Targets to implement waste reduction and recycling programs for all offices globally by 2024 and eliminate single-use plastics from all offices by 2025.
sustainability_report p.19
2021· 17 events
Cushman & Wakefield is reducing scope 2 emissions through a combination of greener electricity grid intensity and a small but growing renewable electricity portfolio. In 2021, the firm secured a 100% renewable electricity contract for four Australian offices, expected to avoid more than 850 tonnes of CO2 over three years. The firm also installed approximately 610 MW of renewable energy in Australia and Singapore for clients. Increasing the renewable electricity portfolio is a stated achievement lever for the 50%-by-2030 scope 1+2 target.
sustainability_report p.70
Provides energy and sustainability services to over 300 million sq ft globally including ESG advisory, decarbonization advisory, green leasing, and certifications. In 2021 led certification at 300+ client buildings — 110 ENERGY STAR, 89 LEED, 59 BREEAM, 42 Fitwel, 6 IGBC. Partnership with Capgemini on green leasing won gold-level Green Lease Leaders Team Transaction award. Strategic investment in Measurabl (ESG technology platform).
sustainability_report p.56
The firm has not announced a durable removals strategy (DAC/BECCS/biochar). Italy office partnered with Treedom to plant ~1,300 trees across six countries, expected to absorb an estimated 335 tonnes of CO2 over 10 years — funded by redirecting print marketing and holiday gift budgets. This is small-scale nature-based offset/insetting rather than a portfolio-level removals programme. Net zero target by 2050 is to be reached primarily through value-chain reductions per SBTi Net-Zero Standard.
sustainability_report p.74
Set and publicly announced science-based targets for GHG emissions reductions across the value chain, validated by SBTi. Among the first companies with approved net-zero targets. Includes 50% absolute Scope 1+2 reduction by 2030 from 2019 baseline.
sustainability_report p.25
In September 2021, Cushman & Wakefield announced ambitious science-based targets approved by SBTi: reduce absolute scope 1 and 2 GHG emissions 50% by 2030 from a 2019 base year, and engage key clients representing 70% of scope 3 emissions at managed properties to set science-based targets by 2025.
sustainability_report p.4
In July 2022, Cushman & Wakefield was among the first group of companies to have its long-term target of reaching net zero emissions across the entire value chain (scope 1, 2 and 3) by 2050 approved through SBTi's Net-Zero Corporate Standard.
sustainability_report p.70
In 2021, Cushman & Wakefield calculated and disclosed Scope 3 Cat 11 (use of sold products — emissions associated with tenant occupancy of managed facilities), which became dominant (~98.6% of total emissions). This drove the 34% YoY increase in total reported emissions despite reductions in scopes 1, 2 and other Scope 3 categories.
sustainability_report p.71
Received third-party verification of scope 1, scope 2, and certain scope 3 (Category 6 Business travel) GHG emissions by Apex Companies, LLC.
sustainability_report p.7
Identified six SDGs most material: SDG 3 (Good Health), SDG 5 (Gender Equality), SDG 8 (Decent Work), SDG 9 (Industry/Innovation), SDG 11 (Sustainable Cities), SDG 13 (Climate Action).
sustainability_report p.18
Named ENERGY STAR Partner of the Year for the 10th consecutive year, 8th consecutive Sustained Excellence distinction.
sustainability_report p.57
2019 and 2020 inventory adjustments were made to previously reported values to account for methodology improvements to data quality and the removal of scope 3 category 13 from the scope 3 inventory.
sustainability_report p.107
In 2021, spent more than $580M with 3,162 diverse suppliers in North America, a +30% spend increase and +600 supplier increase over 2020. Hired Head of Supplier Diversity and formed Supplier Diversity Advisory Council.
sustainability_report p.77
Reduce energy use through space optimization and energy efficiency projects, and take on new and more efficient leased space. 2021 office EUI was 20.3 kWh/sq.ft./year; 4% reduction in office square footage drove a 2.4% reduction in office energy consumption.
sustainability_report p.70
Encourage less travel in more efficient corporate vehicles and aircraft. Scope 3 Category 6 (business travel) is third-party verified. Mobile fuel consumption (149,710 GJ in 2021) is a key scope 1 driver from facilities-services vehicles.
sustainability_report p.70
Engage key clients representing 70% of emissions at managed properties (scope 3) to set science-based targets by 2025. Use-of-sold-products (Cat 11) represents ~98.6% of the firm's total GHG inventory — emissions from tenant occupancy of facilities managed by Cushman & Wakefield. The firm helps clients improve their energy efficiency and GHG reduction programs and tracks client SBTi progress over time.
sustainability_report p.70
Engaging with suppliers to set GHG emissions targets as part of overall environmental management. Suppliers expected to operate in environmentally responsible manner. Tier I and Tier II supplier diversity tracking and reporting infrastructure scaled in 2021.
sustainability_report p.68
In 2021, will announce ambitious sustainability targets aligned with climate science to reduce own and clients' environmental impact.
sustainability_report p.5
2020· 14 events
Sharp reduction in business travel activities due to COVID-19 contributed to 2.5% absolute reduction in scope 3 GHG emissions. Scope 3 business travel emissions are subject to limited third-party verification by Apex Companies.
sustainability_report p.35
Beginning in 2020, expanded scope 3 emissions boundary from business travel only to cover all relevant scope 3 categories including purchased goods, capital goods, fuel/energy, waste, employee commuting, use of sold products, and downstream leased assets. Use of sold products now ~98% of total.
sustainability_report p.33
Beginning 2020, Cushman & Wakefield commenced annual limited assurance of GHG emissions. Scope 1, 2 and 3 GHG emissions verified by Apex Companies, LLC.
sustainability_report p.25
Cushman & Wakefield has committed to setting science-based GHG emissions reduction targets focused on reducing emissions from own operations and managed facilities. Ambitious sustainability targets aligned with climate science to be announced in 2021.
sustainability_report p.34
Use of sold products represents approximately 98% of Cushman & Wakefield's total 2020 GHG emissions (~18.4M tCO2e), representing emissions associated with tenant occupancy of facilities managed by Cushman & Wakefield. The firm aims to partner with clients to reduce emissions from facilities they manage.
sustainability_report p.34
Aligned approach to SDGs 3 (Good Health), 5 (Gender Equality, added in 2021), 8 (Decent Work), 9 (Industry/Innovation), 11 (Sustainable Cities), and 13 (Climate Action).
sustainability_report p.17
Enrolled 29 locations in WELL Portfolio, 17 in WELL Health-Safety Rating, and achieved 5 WELL certifications across own offices. Also achieved ENERGY STAR for >110MSF in US/Canada.
sustainability_report p.7
Nadine Augusta hired as first Chief DEI Officer; established Black Equity Advisory Board; launched Supplier Diversity Program growth strategy; spent over $444M with 2,621 diverse suppliers in North America.
sustainability_report p.70
Completed four acquisitions in 2020, including Pinnacle Property Management Services (4,296 joiners in Americas), strengthening service offerings and diversifying revenue mix.
sustainability_report p.8
Suppliers expected to comply with Global Vendor/Supplier Integrity Policy covering business integrity, labor practices, health & safety, environmental management, and anti-bribery. Began implementing new supplier management tool in 2020 to improve tracking of supplier compliance and due diligence. Purchased goods and services included in scope 3 inventory starting 2020.
sustainability_report p.27
Launched Global Employee Assistance Fund as part of $5 million commitment to employees impacted by COVID-19. Over 5,000 grants distributed in 20+ countries by June 2021.
sustainability_report p.62
Provided energy and sustainability services to over 370 MSF in the U.S. Sustainability projects implemented at 27 buildings in the U.S. resulted in avoidance of approximately 11,303 metric tons of CO2e between 2019 and 2020. Led WELL certifications for 7 client buildings and Fitwel certifications for 42 client buildings. Services include net zero target strategy, TCFD reporting support, green leases, and energy/sustainability fitouts.
sustainability_report p.49
Reduced office energy use intensity 12% YoY to 20.1 kWh/sq.ft./year through energy controls upgrades, real estate consolidation, ENERGY STAR equipment, and behavioral change. Where feasible occupies offices certified to ENERGY STAR, LEED, NABERS, Fitwel and WELL. Achieved 14% reduction in scope 1+2 emissions per million sq ft of office space between 2019 and 2020.
sustainability_report p.33
Scope 1 reductions partly driven by reduced use of corporate fleet vehicles due to COVID-19. Mobile fuel consumption decreased 6% from 2019 to 147,180 GJ in 2020.
sustainability_report p.35
2019· 1 event
2019 inventory adjustments were made to previously reported values to account for methodology improvements to data quality, the addition of new scope 3 categories and removal of subleased space from the scope 1 and 2 inventory boundary into scope 3.
sustainability_report p.98