CBRE

CBRE Group Inc. is the world’s largest commercial real estate services and investment firm with revenues of $21.3 billion in 2018 and more than 90,000 employees (excluding affiliate offices). CBRE has been included on the Fortune 500 since 2008 ranking 146th in 2019. It also has been voted the industry’s top brand by the Lipsey Company for 18 consecutive years and has been named one of Fortune’s 'Most Admired Companies' for seven years in a row including being ranked number one in the real estate sector in 2019. Its shares trade on the New York Stock Exchange under the symbol CBRE. 

The organisation offers a broad range of integrated services, including facilities, transaction and project management, property management, investment management, appraisal and valuation, property leasing, strategic consulting, property sales, mortgage services, and development services. CBRE does not own any property in its own right in the Pacific region. It is a tenant in many locations across Australia and New Zealand. Our carbon footprint is for tenancies CBRE occupies in the Pacific region, not the properties which we manage for clients.

“We want low carbon behaviour to become business as usual at CBRE and inherent in the way we work and the service we provide.”

Type of certification

Organisation.

How long have you been certified carbon neutral?

Since 2011.

Why are you carbon neutral?

CBRE is committed to implement environmentally sustainable best practices for our own operations and to assist our clients in their efforts to address their environmental concerns. Becoming carbon neutral was part of our global strategy and is aligned with the wider target to lead the way in the property industry by improving the efficiency of our operations and achieving reductions in water and energy use through behaviour and capital interventions. We want low carbon behaviour to become business as usual at CBRE and inherent in the way we work and the service we provide.

What are the benefits of your carbon neutral certification?

Benefits arising with the carbon neutral certification included staff awareness as well as engagement, reductions in energy consumption, paper use, and waste to landfill, and increase in recycling, and a 5.5 Star NABERS Energy Tenancy Rating.

What offset projects do you support?

Previous supported projects included the Mytrah Wind Power in India, the Siam Cement Group Biomass to Energy in Thailand, a Tasmanian Native Forest Protection Project in Australia, Prony and Kafeate wind-farms in New Caledonia, and Grouped Small Hydropower Plants in China.

Why did you choose these projects?

As energy is the largest contributor to our carbon footprint, CBRE chose to purchase offsets from renewable or low carbon energy projects in developing regions with added social and community co-benefits. Factors considered for the choice of the projects were type and location, verification and registration mechanisms, offset costs, and operating costs as an estimated percentage of the overall project cost.

How can the community support you?

Consumers and customers can undertake similar activities by introducing more sustainability initiatives in their own portfolios.

What else are you doing to reduce emissions?

CBRE Pacific has committed to reducing greenhouse gas emissions across our Australian operations by 10 per cent by 2020 based on the 2014 base year. These emissions reduction targets are being addressed by building on three key programmes: sustainable IT; an energy efficiency audit and improvement plans of premises; and education and awareness.

What has been the impact of your action?

All three key programs are designed to reduce Scope 2 and Scope 3 emissions. Electricity consumption (Scope 2) has been reduced by implementing the three key programmes. The introduction of Activity Base Working lead to a significant reduction in kWh consumption. Air-travel is a big component of Scope 3 and has increased this year. These activities will be monitored closely and to help reduce air travel emissions we’ll be: encouraging adherence to pre-trip approval processes; reviewing corporate travel policies to minimise business travel where possible; and using Zoom (virtual meeting technology) to conduct meetings to help reduce interstate travel where possible.

What advice would you give to a business considering certification?

The commitment and efforts of employees is essential to reduce carbon emissions and engagement of staff from the start is critical. Education and spreading awareness within the company to explain what the benefits of certification are has been important. Also, properly define excluded emissions and justify any assumptions and limitations in calculation methods.

Public Disclosure Statement

CERTIFICATION TYPE:
Organisation

YEAR

2019

PUBLICATION DATE:
2021-04-29

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Public Disclosure Statement

CERTIFICATION TYPE:
Organisation

YEAR

2018

PUBLICATION DATE:
2020-02-05

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Public Disclosure Statement

CERTIFICATION TYPE:
Organisation

YEAR

2017

PUBLICATION DATE:
2019-11-11

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Public Disclosure Statement

CERTIFICATION TYPE:
Organisation

YEAR

2016

PUBLICATION DATE:
2019-11-11

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Public Disclosure Statement

CERTIFICATION TYPE:
Organisation

YEAR

2015

PUBLICATION DATE:
2019-11-11

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Public Disclosure Statement

CERTIFICATION TYPE:
Organisation

YEAR

2014

PUBLICATION DATE:
2019-11-11

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Public Disclosure Statement

CERTIFICATION TYPE:
Organisation

YEAR

2013

PUBLICATION DATE:
2019-11-11

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Public Disclosure Statement

CERTIFICATION TYPE:
Organisation

YEAR

2012

PUBLICATION DATE:
2019-11-11

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Public Disclosure Statement

CERTIFICATION TYPE:
Organisaton

YEAR

2011

PUBLICATION DATE:
2019-11-11

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Public Disclosure Statement

CERTIFICATION TYPE:
Organisation

YEAR

2010

PUBLICATION DATE:
2019-11-11

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