Daily CSR
Daily CSR

Daily CSR
Daily news about corporate social responsibility, ethics and sustainability

SBTi Approves CBRE’s GHG Emission Reduction Target


CBRE’s commitment also include turning to “100% renewable electricity by 2025”.

Dailycsr.com – 26 December 2020 – On December 14, 2020, CBRE Group made an announcement to reveal that it has received approval from “Science Based Targets initiative”, in short SBTi, for its “greenhouse gas emissions” reduction targets in its facilities and that of the ones it manages, an initiative that stemmed from scientific studies.
Taking 2019 as the baseline, CBRE made a commitment of cutting down “scope 1 and 2 GHG emissions 68% by 2035”. The said aim is in line with the “Paris Agreement” of limiting the rise of global temperature to “1.5°C”. Moreover, CBRE’s commitment also include turning to “100% renewable electricity by 2025” including shifting to electric vehicles by replacing its current vehicle fleet.
Moreover, CBRE has also made commitments of “an industry-leading target for emission reductions” in the properties as well as the facilities managed by it which spans across the globe. The aim is to reduce emissions by “79% per square foot by 2035” in the facilities managed by it. While for the investors’ properties under CBRE’s management, the target is to reduce “67% per square foot over the same timeframe”.
There are plans of achieving its “Scope 3” targets in collaboration with CBRE’s “Global Workplace Solutions (GWS) and Property Management clients”. On a global scale CBRE has nearly “7 billion square feet of corporate facilities and commercial properties” under it. While the president as well as the C.E.O of CBRE, Bob Sulentic stated:
“As the world’s largest manager of commercial properties, CBRE can play an outsized role in helping to limit the rise in global temperatures. We are deeply committed to using our expertise, resources and market influence to help our clients sharply reduce the emissions their properties generate and to applying best practices that improve the sustainability of our own operations. This is not only good for the planet—it is good business practice, period.”