CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2011 revenue). The Company has approximately 34,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting.
CEO: Robert E. Sulentic Revenues: $5.9 billion Employees: 34,000
Climate Change Actions
CBRE adopted a new environmental sustainability policy in July 2012 committing to measure and report its internal carbon footprint as well as supply chain emissions by 2013. The company will also develop standards and policies to reduce energy and resource consumption and waste production and report those results.
For areas under the company’s control, CBRE will establish annual reduction targets and verify progress through continued development of environmental management programs. It is also taking steps to locate at least 70% of its corporate facilities over 20,000 square feet in space or buildings with recognized green building standards by 2017.
Executive Statement on Climate & Energy
“As the global leader in commercial real estate services, we recognize that our greatest potential environmental impact lies not just in greening our own operations but supporting the sustainable practices of our client properties. By creating and implementing best practices, we can improve energy efficiency, reduce greenhouse gas emissions and enhance operating performance.”
~ Robert E. Sulentic, CEO
Relevant Links: CBRE Group 2011 Corporate Responsibility Report