{"id":539206,"date":"2021-09-16T10:03:05","date_gmt":"2021-09-16T14:03:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cushman-wakefield-commits-to-industry-leading-science-based-targets-and-reaching-net-zero-emissions-across-its-value-chain-by-2050\/"},"modified":"2021-09-16T10:03:05","modified_gmt":"2021-09-16T14:03:05","slug":"cushman-wakefield-commits-to-industry-leading-science-based-targets-and-reaching-net-zero-emissions-across-its-value-chain-by-2050","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cushman-wakefield-commits-to-industry-leading-science-based-targets-and-reaching-net-zero-emissions-across-its-value-chain-by-2050\/","title":{"rendered":"Cushman & Wakefield Commits to Industry-Leading Science Based Targets and Reaching Net Zero Emissions Across Its Value Chain by 2050"},"content":{"rendered":"

<\/p>\n

Cushman & Wakefield Commits to Industry-Leading Science Based Targets and Reaching Net Zero Emissions Across Its Value Chain by 2050<\/b><\/p>\n

Real estate firm sets ambitious science-based targets and commits to partnering with clients to achieve net zero value chain emissions by 2050<\/i><\/p>\n

CHICAGO–(BUSINESS WIRE<\/a>)–
\nCushman & Wakefield (NYSE: CWK), a leading global real estate services firm, today announced ambitious science-based targets to reduce greenhouse gas (GHG) emissions that are approved by the Science Based Targets initiative<\/a> (SBTi). In addition, by signing up to the Business Ambition for 1.5\u00baC<\/a> campaign, Cushman & Wakefield pledges to reach net zero emissions across its entire value chain by 2050.\n<\/p>\n

\n\u201cWith buildings generating a significant portion of the world\u2019s carbon emissions, we recognize Cushman & Wakefield plays a vital role in shaping a sustainable future for the real estate industry and beyond,\u201d said Brett White, Executive Chairman & CEO of Cushman & Wakefield.\n<\/p>\n

\nCushman & Wakefield will immediately focus efforts on its corporate offices and operations by committing to reduce absolute scope 1 and 2 market-based GHG emissions 50% by 2030 from a 2019 base year. Scope 1 includes direct emissions, and scope 2 emissions are from purchased heat and electricity.\n<\/p>\n

\nThe firm\u2019s science-based targets will not only reduce absolute GHG emissions from its corporate operations, but will also include the facilities it manages on behalf of its clients, some of the world\u2019s largest real estate owners and occupiers.\n<\/p>\n

\nLeading by example, the firm commits to partnering with its clients (representing 70% of its scope 3 value chain emissions) to set their own science-based targets by 2025. Notably, approximately 99% of Cushman & Wakefield\u2019s emissions come from facilities it manages on behalf of clients, and the firm is committed to actualizing its vision of a sustainable future that extends beyond its own corporate footprint.\n<\/p>\n

\nThese targets have been approved by the SBTi<\/a>.\n<\/p>\n

\nAdditionally, by 2050, the firm pledges to achieve net zero emissions across its entire value chain, encompassing all direct and indirect business elements that contribute to GHG emissions (scopes 1, 2 and 3). This target was pledged through the Race to Zero campaign and the SBTi\u2019s Business Ambition for 1.5\u00b0C pathway\u2014initiatives using climate science frameworks to reach net zero in a global effort to avoid the most catastrophic impacts of climate change.\n<\/p>\n

\n\u201cAs a leader in the commercial real estate industry, we understand environmental action requires bold commitments aligned with climate science,\u201d said John Forrester, President of Cushman & Wakefield. \u201cThese commitments further our ongoing efforts to reduce our impact and our clients\u2019 impact on the environment as well as mitigate the impacts of climate change. We have an opportunity and responsibility to continually evaluate our organization and hold ourselves accountable for the intended outcomes. We realize our work goes beyond the present moment and will impact generations to come.\u201d\n<\/p>\n

\n“We congratulate Cushman & Wakefield on setting science-based targets consistent with limiting warming to 1.5\u00b0C, the most ambitious goal of the Paris Agreement,” said Alberto Carrillo Pineda, Managing Director, Science Based Targets at CDP, one of the SBTi partners. “By setting ambitious science-based targets grounded in climate science, Cushman & Wakefield is taking action to prevent the most damaging effects of climate change.”\n<\/p>\n

\nThese recently announced science-based targets build upon Cushman & Wakefield\u2019s longstanding commitment to reducing its own environmental impact across the property life cycle, in addition to suppliers\u2019 and clients\u2019 impact. In 2020, the firm achieved a 1.1% absolute reduction in scope 1 and 2 (market-based) GHG emissions; a 2.5% absolute reduction in scope 3 GHG emissions; and a 14% reduction in total scope 1 and 2 GHG emissions per million square feet (MSF) of office space. Cushman & Wakefield also worked with clients to provide energy and sustainability services to over 370 MSF of space in the U.S. in 2020. More information is available in the firm\u2019s 2020 Corporate Social Responsibility Report<\/a>.\n<\/p>\n

Learn more<\/a> about Cushman & Wakefield\u2019s science-based targets and net zero commitment.\n<\/p>\n

About Cushman & Wakefield
\n
<\/b>Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and 60 countries. In 2020, the firm had revenue of $7.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com<\/a> or follow @CushWake<\/a> on Twitter.\n<\/p>\n

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View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210916005552\/en\/<\/a><\/span><\/p>\n

Media Contact:
\n
Aixa Velez
\n
<\/b>Corporate Communications
\n
+1 312 424 8195
\n
aixa.velez@cushwake.com<\/a><\/p>\n

KEYWORDS:<\/b> Illinois Australia\/Oceania United States United Kingdom North America Australia Europe<\/p>\n

INDUSTRY KEYWORDS:<\/b> Science Commercial Building & Real Estate Other Science Construction & Property Environment REIT Other Construction & Property Residential Building & Real Estate<\/p>\n

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Cushman & Wakefield Commits to Industry-Leading Science Based Targets and Reaching Net Zero Emissions Across Its Value Chain by 2050 Real estate firm sets ambitious science-based targets and commits to partnering with clients to achieve net zero value chain emissions by 2050 CHICAGO–(BUSINESS WIRE)– Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, today announced ambitious science-based targets to reduce greenhouse gas (GHG) emissions that are approved by the Science Based Targets initiative (SBTi). In addition, by signing up to the Business Ambition for 1.5\u00baC campaign, Cushman & Wakefield pledges to reach net zero emissions across its entire value chain by 2050. \u201cWith buildings generating a significant portion of the world\u2019s carbon emissions, we recognize Cushman & … <\/p>\n

Continue reading “Cushman & Wakefield Commits to Industry-Leading Science Based Targets and Reaching Net Zero Emissions Across Its Value Chain by 2050”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-539206","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCushman & Wakefield Commits to Industry-Leading Science Based Targets and Reaching Net Zero Emissions Across Its Value Chain by 2050 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cushman-wakefield-commits-to-industry-leading-science-based-targets-and-reaching-net-zero-emissions-across-its-value-chain-by-2050\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cushman & Wakefield Commits to Industry-Leading Science Based Targets and Reaching Net Zero Emissions Across Its Value Chain by 2050 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Cushman & Wakefield Commits to Industry-Leading Science Based Targets and Reaching Net Zero Emissions Across Its Value Chain by 2050 Real estate firm sets ambitious science-based targets and commits to partnering with clients to achieve net zero value chain emissions by 2050 CHICAGO–(BUSINESS WIRE)– Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, today announced ambitious science-based targets to reduce greenhouse gas (GHG) emissions that are approved by the Science Based Targets initiative (SBTi). 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