CEO:Robert E. Sulentic; Revenues:$6.51 Billion (2012); Employees: 37,000 (2012)
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 and investment firm (in terms of 2012 revenue). The Company has approximately 37,000 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.
Climate and Energy Targets
In 2010, CBRE became the first company in the commercial real estate industry to achieve carbon neutrality in its operations.
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 2014. 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.
Did You Know?
“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
CBRE assists property owners and occupiers with energy efficiency programs within the commercial space it manages, as well as for client organizations. In the U.S., CBRE offers a wide range of sustainability programs including the establishment of the Green Knights, a nationwide team of sustainability advocates within the Company’s Asset Services and Global Corporate Services teams, which has more than 100 participants. Nearly 500 CBRE professionals globally have earned LEED® Professional credentials and CBRE currently manages approximately 207 million square feet certified under the U.S. Green Building Council’s LEED® for Existing Buildings rating system, and more than 260 million square feet registered under the EPA Energy Star® program.
Real Green Research Challenge– CBRE developed the Real Green Research Challenge, a four-year, $1-million commitment to uncovering meaningful solutions to climate change issues specific to the real estate industry. The Real Green Research Challenge is an academic and scientific competition to fund research and development ideas for commercial real estate market. Current programs under consideration include carbon mitigation, energy efficiency technologies, building rating systems, valuation analysis. In addition to monetary funds, RGRC-funded projects will have access to CBRE’s global market data and resources, which will help commercialize their ideas.
CBRE Carbon Calculator– CBRE is committed to helping make a difference in the fight against global warming, providing a simple tool to calculate a personal carbon footprint and empower consumers to become more efficient.
Climate and Sustainability Rankings & Recognition
CBRE ranked No. 96 among all companies and No. 1 real estate company in Newsweek's 2012 Green Rankings, a list which measures the environmental performance of the 500 largest U.S.-based publicly traded companies.
The U.S. Environmental Protection Agency (EPA) named CBRE as a 2013 ENERGY STAR Sustained Excellence Award Partner of the Year, the company's sixth consecutive year of recognition.
Bloomberg-Maplecroft ranked CBRE 162 of 360 U.S. companies on its 2012 Climate Innovation Index, which tracks companies' environmental performance in five areas: management, mitigation, emissions reductions, innovation and adaptation.