CBRE, the global real estate adviser, has published its Environmental, Social and Governance (ESG) annual report for its UK Advisory Business.
Following up on last year’s inaugural report, it provides an update on CBRE’s ESG strategy and insights into People, Planet and Practices KPI’s through a range of metrics.
The report shows that absolute carbon emissions have decreased 20% since the baseline year of 2019 and identifies three key areas where CBRE is excelling; sustainable office space, award-winning employee engagement and social value activity.
CBRE’s new UK headquarters, Henrietta House, epitomises the approach to ESG with sustainability and wellbeing at the core of its design. The building is designed to achieve BREEAM Excellent and is on track to achieve WELL Owner-Occupied certification in 2022.
For the second year in a row, CBRE has been recognised for employee engagement in sustainability, winning silver at the Corporate Engagement Awards for ‘best engagement of an internal audience in a CSR programme’. The ‘All Greens’ network and gamified employee training platform has facilitated upskilling at an unprecedented scale.
CBRE’s partnership with Macmillan Cancer Support is helping to tackle loneliness and financial hardship for people living with cancer. CBRE has developed pro bono work with Land Aid and continues to provide a platform for every employee to champion diversity, equity and inclusion at scale.
The report also highlights key initiatives including a dedicated ESG reporting practice to both track progress and share best practice, alongside a framework comprising key dates, actions and targets.
Kaela Fenn-Smith, Managing Director, Sustainability and ESG Consultancy, CBRE, said: “CBRE is incredibly proud of our ESG achievements in 2021. We look forward to continuing to prioritise and progress our ESG work in 2022, by aligning our processes with the TCFD requirements to disclose climate-related risks and opportunities, as well as reviewing our decarbonisation pathway.
“Looking ahead, we’ll be enhancing our social value impact with a new social value champions network, enabling us to further support our employees on their ESG learning journeys. Furthermore, we will be perfectly placed to assist our broad range of investor and corporate occupier clients with their ESG strategies following the recent appointments of Allan Wickham, Head of Occupier ESG Strategy and Amanda Stevenson, Head of Investor ESG Strategy.”