2023年企业责任报告-Corporate Responsibility Report

2023

Corporate

Responsibility

Report

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2023CORPORATE

RESPONSIBILITY

REPORT

Overview

RobertE.Sulentic

Chair&ChiefExecutiveOfficer

Dear

Fellow

Stakeholder

Our17thannualCorporate

ResponsibilityReportshowshowwearemakingprogresstowardalow-carbonfutureandsupportingourpeopleandcommunities

whiledeliveringoutstandingresultsforourclients.

Oneareaofsignificantprogressisimprovingourenergyefficiency,

spaceoptimizationandrenewableenergywhilealsogrowingour

business.Wehavereducedemissionsfromourownoperationsby

24%since2019,eventhoughouremployeeheadcountisup17%.

Thisisanotablemarkerontheroadtoachievingnetzerocarbon

emissionsby2040.

Ourworkwithclientsisessentialtoreachingournetzerogoal

whilehelpingthemachievetheirownsustainabilityaspirations.

BothinvestorsandoccupiersareincreasinglytappingintoCBRE’s

expertisetodevelopstrategicroadmaps,optimizeresourcesand

decarbonizebuildings.

CBREalsocontinuestofosterdiversityacrossitsmanydimensions.

In2023,ourEmployeeBusinessResourceGroupsgrewtomore

than25,000membersglobally.Wealsospent$2billionwith

companiesownedbywomen,racialandethnicminoritiesand

otherunderrepresentedgroups,extendingourimpactintoour

communities.

WeoperateCBREwithastrongethicalfoundation,asexpressed

inourvaluesandadherencetotheU.N.GlobalCompact’sTen

Principles.Thisfoundation,combinedwiththeworkofour

talentedemployees,enablesustogrowandevolveourbusiness

insustainableandresponsibleways.

Pleaseexplorethisreporttolearnmoreaboutwhatwearedoing.

2023CORPORATE

RESPONSIBILITY

REPORT

Overview

2023

Ata

Glance

24%

Carbonemissionsreduction

since2019(Scopes1+2)

46,500

Buildingsmanagedforenergyand

sustainability

$124M+

Savingsfromidentifiedenergyefficiencyand

decarbonizationprojectsforGWSclients

$3.2B

Spentwithsmallanddiverse

suppliers($2Bdiverse)

1.7M

HoursoflearningbyCBREemployees

25K

MembersofEmployeeBusinessResourceGroups

3rd

MostsustainableU.S.-based

company,accordingtoBarron’s

1,400+

Ethics&ComplianceAmbassadors

90th

PercentileontheCorporatePoliticalDisclosure

andAccountabilityIndex

2023CORPORATERESPONSIBILITY

REPORT

2023CORPORATERESPONSIBILITY

REPORT

Our

Company

2023CORPORATE

RESPONSIBILITY

REPORT

OurCompany

[GRI2-1,2-2]

About

CBRE

CBREGroup,Inc.istheworld’slargest

commercialrealestateservicesand

investmentfirm,basedon2023revenue,

andtheglobalmarketleaderinmostofourbusinesslines,includingleasing,propertysales,occupieroutsourcingandvaluation.

Ourintegratedsolutionsforinvestorsandoccupiershelpoptimizerealestatetransactionandoperatingcosts,assetvalue,investmentreturnsandworkplaceexperiencesforclientsinmorethan100countries.

CBREprovidesservicesunderthefollowingbrandnames:

“CBRE”(realestateadvisoryandoutsourcingservices);

“CBREInvestmentManagement”(investmentmanagement);

“TrammellCrowCompany”(U.S.andEuropedevelopment);

“TelfordHomes”(U.K.residentialdevelopment);and“Turner

&TownsendHoldingsLimited”(globalprojectandprogram

management).

CBREisaFortune500(rank135)andS&P500company

headquarteredinDallas,Texas,andincorporatedinDelaware

intheUnitedStates.Wemarkedour117thyearofcontinuous

operationsin2023,tracingouroriginstoacompanyfounded

inSanFranciscointheaftermathofthe1906earthquake.

OurClassAcommonstockistradedontheNewYorkStock

Exchange(NYSE)underthesymbolCBRE.

Pleaseseeour2023Form10-Kfordetailsontheentities

includedinourfinancialstatements.Dataforthosesame

entitiesarealsoincludedinthisreport,withtheexception

ofTurner&Townsendwhichhasbeenamajority-owned

subsidiaryofCBREbeginninginNovember2021.

RISE

Values

2023CORPORATE

RESPONSIBILITY

REPORT

OurCompany

Wetakegreatprideinourreputation

forupholdingthehigheststandardsin

thewaywedobusiness.

OurcommitmenttoourRISEvalues—

Respect,Integrity,Service,Excellence—

isasignificantreasonwhyCBREisthe

largestcommercialrealestatecompany

intheworld.

Thesestandardsarethefoundation

onwhichourcompanyisbuiltandour

employeesworkandlivebythem.

Respect

Weactwith

considerationfor

others’ideasand

shareinformation

openlytoinspire

trustandencouragecollaboration.

Integrity

Nooneindividual,noonedealandnooneclientisbiggerthanourcommitmenttoourcompanyand

whatwestandfor.

Service

Weapproachour

clients’challenges

withenthusiasm

anddiligence,

buildinglong-term

relationshipsby

connectingtherightpeople,capitalandopportunities.

Excellence

Wefocusrelentlesslyoncreatingwinningoutcomesforour

clients,employeesandshareholders.

TypesofSuppliersEngaged

ProductsandServices

CorporateOperations

OurCompany

2023CORPORATE

RESPONSIBILITY

REPORT

[GRI2-6]

Our

Operations

BusinessSegments

AdvisoryServices

AdvisoryServicesprovidesacomprehensiverangeofservicesglobally,includingpropertyleasing,capital

markets(propertysalesandmortgageorigination),

mortgageservicing,propertymanagementand

valuation.Wearetheleadingpropertysalesandleasingadvisorglobally.

GlobalWorkplaceSolutions

GlobalWorkplaceSolutions(GWS)providesabroad

suiteofintegratedfacilitiesmanagementandprojectmanagementsolutionsforoccupiersofcommercial

realestateatbothalocalandgloballevel.Weserve

clientslookingtooutsourceandconsolidaterealestateservicestooptimizecosts,operationalefficienciesandworkplaceexperiences.

RealEstateInvestments

RealEstateInvestments(REI)isalargerealassetsdeveloper,investorandoperatorcomprisedoftwobusinesses:investmentmanagementandrealestatedevelopment.

SpendSuppliers

byRegion(%)byRegion(%)

Procurement

7%

30%

63%

19%

37%

44%

CBRE’sprocurementorganizationisresponsibleforthemarketevaluation,selectionandcontractingofsuppliersandtheirongoingadministration

andperformancemanagementin

collaborationwithourbusinesslinesandcorporatefunctions.Oursupplychainisanintegralcomponentofhow

wedeliveracomprehensivesuiteofdirectrealestateservicesfor

ourclients.

Globally,in2023,CBREspent$33.1

billiondirectlywithmorethan131,000Tier1suppliers(directcontractswith

CBRE),representingabout17%oftotalspend.Thisincludes5,343contracts

forpurchasesmadeonbehalfof

ourclientsforfacilities,projectand

propertymanagement,aswellasforourcorporateoperationsin2023.Throughourprojectmanagementandmanagingagentarrangements,weinfluence

billionsinadditionalspend.

Americas

EMEAAPAC

InformationtechnologyTelecom,hardware,software,documentmanagement,consultingandprofessionalservices

Marketing

Promotionalitems,agencyandmediaservices,meetingsandevents,artwork,signage

Facilitiesmanagement

Leasing,furniture,maintenance,constructionmaterialsandservices

Externalservices

Accountingandfinance,employeebenefits,consulting,legal,insurance,recruitmentservices,physicalsecurity,life/firesafety,travel,learninganddevelopment,fleetmanagement

Client

Facilities,projectand

propertymanagement

Furnishings,cleaning,landscaping,HVACgoodsandservices,life/firesafety,physicalsecurity,maintenance,officeservices,architectural,engineering,generalbuildingandspecialtycontracting,maintenance,repairandoperations(MRO)supplies,fixtures,smartbuildingstechnologyandmore

2023CORPORATE

RESPONSIBILITY

REPORT

OurCompany

Strategic

FocusAreas

Scalinga

LowCarbon

Future

CBRE’sabilitytodrivetransformativechangetowardazerocarbonand

resilientfuturewhileleadingby

exampleacrossourowncorporateofficeportfolio.

—Carbonemissions

—Greenandhealthybuildings

—Sustainableserviceofferings

Creating

OpportunitiessoAllPeopleThrive

HowCBREbuildstheworkforceof

thefuturebydrivinginitiativesthat

developouremployeesandcreateadiverseandinclusiveworkplacewhereeveryonecanthrive.

—Diversity,equityandinclusion—Talentengagementand

management

—Employeewellbeing

OurlatestassessmentidentifiedthreethemesthatguideCBRE’ssustainabilitystrategy,informourongoingdialoguewithstakeholdersandhelpprioritizereportingprogress.

CBREhasbegunournextassessmentusingadoublematerialityapproachthatincorporatesourentirevaluechainandwillusetheresultstorefineoursustainabilitystrategy.

Leadingwith

Integrityto

BuildTrust

Weoperateourbusinesswiththe

highestethicsandintegrityin

everythingwedo,whichisfoundational

forbuildingtrustwithour

stakeholders.

—Compliance

—Corporategovernance

—Cybersecurity

Cybersecurity

Corporate

Governance

Compliance

CarbonEmissions

Green&

HealthyBuildings

Sustainability

ServiceOfferings

Diversity,

Equity&

Inclusion

TalentEngagement

&Management

EmployeeWellbeing

2023CORPORATE

RESPONSIBILITY

REPORT

OurCompany

NotableAwards

&Honors

General

—FORTUNEMostAdmiredRealEstateCompany

14consecutiveyears,including2024

—FORTUNEAmerica’sMostInnovative

Companies

—LIPSEY#1commercialrealestatebrand

for23consecutiveyears,including2024

—ETHISPHEREWorld’sMostEthicalCompanies

11yearsinarow,including2024

People/Workplace

—BLOOMBERGGender-EqualityIndex

4yearsinarowin2023

—HUMANRIGHTSCAMPAIGNBestPlaceto

WorkforLGBTQEquality

forthe10thstraightyear

—DISABILITYEQUALITYINDEX

BestPlacetoWork

forDisabilityInclusion

—FINANCIALTIMESDiversityLeaderslist

2yearsinarow

—WALLSTREETJOURNALBestCompanies

forCareerGrowth

Sustainability

—BARRON’S#3MostSustainable

Company(U.S.)

—CDPA-performancescoreon

climatechangedisclosure

—3BLMedia2023BestCorporateCitizenList

for5consecutiveyears

—FTSE4GOOD

10consecutiveyears

—U.S.EPA2024ENERGYSTARPartnerofthe

Year–SustainedExcellenceAward

Achievingrecognitionfor17thconsecutiveyear

2023CORPORATERESPONSIBILITY

REPORT

E

Environmental(NetZeroStrategy,ImpactandClimateRisk)

ScalingaLowCarbonFuture

Sustainability

2023CORPORATERESPONSIBILITYREPORT

Environmental(NetZeroStrategy,ImpactandClimateRisk)

[GRI2-22,SDGS7,9,11,12,13]

Withnearly500corporateofficesand

morethan7billionsquarefeetofmanaged

propertyglobally,CBREhasanoutsized

opportunitytohelpreducegreenhouse

gas(GHG)emissionsthroughourown

operations,servicesprovidedtoourclients

andthroughoutourvaluechain.

Ourenvironmentalsustainabilitystrategy–forouroperations

andsustainabilitysolutionsforclients–focusesonoptimizing

resourcesanddecarbonization.Ourhighestprioritiesinclude

energyefficiency,electrification,renewableenergy,and

sustainableandhealthybuildingdesignandoperations.

ThisworkalsoalignswithfiveU.N.SustainableDevelopment

Goals:AffordableandCleanEnergy;Industry,Innovationand

Infrastructure;SustainableCitiesandCommunities;Responsible

ConsumptionandProduction;andClimateAction.

Thissectionsharesinformationonhowwe’reaccelerating

changeacrossourcorporateoperationsandimpactingthe

buildingsectorthroughsustainabilitysolutionsdeliveredto

ourclientsaroundtheworld.

100%

renewableenergyforourcorporateoperationsbytheendof2025

100%

vehiclefleetelectrification

bytheendof2035

DrivingGHGemissionsreductionsforourmanagedbuildingswillrequiredeepcollaborationwithourclients,manyofwhomhavetheirowncarbonreduction

commitments.Whileourabilitytoaffectchangeinthemarketplaceisdependentonanumberoffactors—suchaslegislationandpolicy,clients’willingnessto

invest,andtechnologyadvancements—wearefocusedonidentifyinginnovativeandcost-effectivesolutionsthatdeliverprogresstowardsharedobjectives.

2023CORPORATE

RESPONSIBILITY

REPORT

Environmental(NetZeroStrategy,ImpactandClimateRisk)

Our

Commitments

CBREsetagoaltoachievenetzero

carbonemissionsby2040,alignedwith

theambitiontolimitglobaltemperaturestorise1.5°C.Thiscommitmentencompassescarbonemissionsfromourownoperations,thepropertieswemanageforclients,andoursupplychain.

InterimMilestones

Ournetzerogoalissupportedbythree2035interimmilestonesapprovedbytheScienceBasedTargetsinitiative(SBTi).TheseincludeGHGemissionsreductionsfroma2019baseyearby:

StrategicInitiatives

Twoadditionalstrategicobjectivescriticaltoreachingourscience-basedmilestonesandnetzerogoalinclude:

68%

79%

67%

forourcorporate

persquarefootfor

persquarefootfor

operations

buildingsmanagedfor

buildingsmanaged

(Scopes1and2)

occupierclients

(Scope3)

forlandlord

andbuildingownerclients(Scope3)

2023CORPORATE

RESPONSIBILITY

REPORT

Environmental(NetZeroStrategy,ImpactandClimateRisk)

[GRI2-14,2-17,2-24]

Sustainability

Governance

OurEnvironmental

SustainabilityPolicyoutlinesourambitiontoreduceourenvironmentalimpactanddrivesustainablerealestatepracticesacrossallbusinesssegmentsglobally.

CBRE’spublicstatementonourcommitment

toenvironmentalsustainabilityoutlinesour

managementsystemtoguidesustainabilityand

environmentalpracticesandprograms.Learnmoreat

/corporatesustainability.

OurBoardofDirectorsoverseesourcorporate

strategyrelatedtosustainabilityandsocial

responsibility.OurBoardhasmadeadeliberate

decisiontoretaingovernanceofthesemattersattheBoardlevelandchosenottodelegatethese

matterstoaspecificcommitteebecauseitbelievesthatthesemattersareintegraltothecompany’s

futuresuccess.

Throughouttheyear,ourBoardreceivesreportsandengagesindiscussionswithmanagement

onkeysustainabilityandsocialresponsibility

matters.TheBoardalsoreceivesannualupdatesonhowtheserisksarebeingaddressed,mitigatedandmanagedacrossthecompany,including

sustainabledevelopmentconsiderationsthat

influencemarket,reputational,operationaland

politicalrisks.In2023,theBoardreceivedupdatesonESGtopicsduringtwoquarterlymeetings.

Inearly2023,CBREhiredourfirstChief

SustainabilityOfficer(CSO),withoversightforbothourclientsustainabilitysolutionsandourcorporatesustainabilitystrategy.

TheCSOreportsintotheheadofourclient

solutionsteamenablingseamlessintegrationofsustainabilityservicesacrossalllinesofbusinessandadvisesourexecutiveleadersandBoardofDirectorsonsustainabilitymatters.OurSenior

VicePresidentofCorporateEnvironmental

SustainabilityoverseesperformanceofournetzerostrategyandreportstotheCSO.

Inordertosupportourclients’globalneeds,

CBRE’sgovernanceapproachisdesignedto

integratefeedbackfromallbusinesssegmentsandgeographies.TheCSOandseniorleadersmeet

regularly,providingastructuredforumtoleveragetheuniqueperspectivesofoursustainability

expertstoimplementstrategies,accelerate

sustainabilitysolutionsforourclientsandshare

insightstoadvanceprogressacrossourindustry.Additionalsustainabilitycommitteesexistwithin

ourbusinesssegmentstodriveprogressacrosstheorganization.

Understanding

OurImpact

2023CORPORATE

RESPONSIBILITY

REPORT

Environmental(NetZeroStrategy,ImpactandClimateRisk)

[GRI3-3,305-1,305-2,305-3]

Monitoringprogresstowardourcommitmentsrequireshigh-qualitydata.

CBREfollowstheGHGProtocolCorporateAccounting

andReportingStandard(GHGProtocol)tocalculateGHG

emissions.SinceourfirstcorporateGHGinventoryin2008,

wehaveappliedanoperationalcontrolboundaryandhave

continuallyimprovedourmethodology.In2023,wemade

anumberofenhancementstoimprovedatacollection,

automateextrapolationmodelsanddevelopintegratedqualityassurancechecks.

NotablechangestoourGHGinventoryincluderefininghowweestimateenergyuseincorporateofficeswheredatais

notavailable,improvingsupplychainemissionsmodeling

andenhancingourmodeltoestimateenergyuseinbuildingsundermanagement(UseofSoldProducts).Wehavefurtherdescribedthesechangesandotherenhancementsinthe

OurPerformancesectionofthisreport.

Thetableonthefollowingpageprovidesadetailedbreakdownofouremissionsbycategoryfrom2019,ourbaselineyear,through2023.

GHGInventoryinMetricTonsofCarbonDioxideEquivalent

(MTCO2e)1

1.HistoricaldatahasbeenadjustedbasedonimprovementsidentifiedIntheextrapolationmodel

utilizedtoestimateenergyuseinmanagedpropertiesandtocorrectanextrapolationcalculation

error,aswellasanenhancedprocesstoaccountforwell-to-tankemissionsforemployeecommuting.SeetheProgressTowardOurCommitmentsandOurPerformancesectionsformoredetail.

2.Location-basedemissionsreflecttheaverageemissionsintensityofthegridonwhichenergy

consumptionoccurred.Market-basedemissionsreflecttheemissionsfromelectricitypurchased(andchosenwhenavailable),derivedfromcontractualinstrumentssuchasGuaranteesofOrigin,supplier-specificemissionsratesordirectcontractswithenergyproviders.

3.CBREembedsScope3.2.CapitalGoodsandScope3.4UpstreamTransportationemissionswithinScope3.1PurchasedGoodsandServices.

4.Includesemissionsassociatedwithtransmissionanddistributionlossesandproduction,processinganddeliveryoffuelsorenergy(well-to-tank).

5.GHGemissioninformationisextrapolatedbasedonlimiteddataavailableforthe2023calendar

year(atthetimeofcalculationinFebruary2024)andAUM.ThereportwillbeupdatedwhenactualinformationbecomesavailableinQ32024.

2023CORPORATE

RESPONSIBILITY

REPORT

Environmental(NetZeroStrategy,ImpactandClimateRisk)

SCOPE1

Mobilecombustion(vehiclesandequipment)

SCOPE22

Purchasedheating

Purchasedelectricity(location-based)

Purchasedelectricity(market-based)

SCOPE3

1—Purchasedgoodsandservices3

Corporateprocurement

Procurementonbehalfofclients

3—Fuel-andenergy-relatedactivities4

6—Businesstravel

7—Employeecommuting

8—Upstreamleasedassets

11—Useofsoldproducts

Occupierclientproperties

Owner/landlordclientproperties

15—Investments5

Directprivaterealestateinvestments

Indirectprivaterealestateinvestments

Total(location-based)

Total(market-based)

2019

62,337

9,094

44,332

45,944

32,503,101

4,568,367

217,787

4,350,580

9,178

42,704

221,513

8,795

27,114,368

19,239,107

7,875,261

538,176

444,008

94,168

32,618,864

32,620,476

2020

63,946

8,613

42,797

42,008

33,998,416

3,295,970

159,907

3,136,063

15,508

14,816

55,876

9,557

30,041,952

21,352,520

8,689,432

564,737

448,854

115,883

34,113,772

34,112,983

2021

49,818

8,895

40,938

43,752

33,316,575

4,445,186

174,309

4,270,877

25,838

14,544

43,984

9,611

28,102,761

20,999,602

7,103,159

674,651

567,819

106,832

33,416,226

33,419,040

2022

48,337

9,033

32,043

38,492

32,920,583

5,507,941

174,217

5,333,724

23,276

19,724

95,958

9,017

26,483,971

18,792,384

7,691,587

780,696

656,670

124,026

33,009,996

33,016,445

2023

55,877

7,578

30,357

25,672

31,200,391

5,150,050

185,970

4,946,080

24,152

25,975

119,643

8,406

25,091,640

17,782,666

7,308,974

780,525

642,992

137,533

31,294,203

31,289,518

2023CORPORATE

Environmental(NetZeroStrategy,ImpactandClimateRisk)

-15.9%

From2019

2,474

2,222

1,985

1,875

1,869

million

MTCO2eperFTE

321

339

287

315

2

62

RESPONSIBILITY

REPORT

[GRI305-4]

GHGIntensitybyNetRevenue

GHGIntensitybyFTE

Scope1,2+3emissions

GHGEmissions

IntensityMetrics

Scope1,2+3emissions

Since2019,CBREhasdecreased

GHGemissionsintensitybyabout

16%perU.S.dollar(USD)ofnet

revenueandover18%perfull-time

employee(FTE).

MTCO2eperUSD

3,000

2,500

2,000

1,500

1,000

500

0

20192020202120222023

-18.3%

From2019

400

300

200

100

0

20192020202120222023

GHGEmissionsAcross

ourValueChain

2023CORPORATE

RESPONSIBILITY

REPORT

Environmental(NetZeroStrategy,ImpactandClimateRisk)

318.3

MTCO2epermillionUSD

UpstreamScope3

MTCO2epermillionUSD

CBREOperationsScope1+2

MTCO2epermillionUSD

DownstreamScope3

1,545.6

5.3*

BuildingsUnderManagement

Upstreamactivitiesrepresentabout17%

oftotalScope1,2and3GHGemissions.

Over95%ofCBRE’supstreamGHGemissionsoccur

withinoursupplychain,includingover131,000

suppliersglobally.Ofthis,96%ofemissionsarerelated

toprocurementonbehalfofourclients.Otherrelevant

upstreamcategoriesincludebusinesstravel,

employeecommute,energyuseinthecommonareas

ofbuildingsweoccupy,andenergyand

fuel-relatedactivities.

*Market-basedemissions

Downstreamactivitiesrepresentabout83%oftotalScope1,2and3GHGemissions.

Energyuseinbuildingsundermanagementrepresents

97%ofdownstreamGHGemissions.CBRE’sability

toreachnetzerocarbonemissionsisintricately

linkedtoourclients’decarbonizationjourneys.

Thein-useoperationalemissionsofdirectandindirect

privaterealestateinvestmentsmanagedbyCBRE

InvestmentManagementistheother

relevantdownstreamcategory.

Corporateoperationsrepresentlessthan0.5%

oftotalScope1,2and3GHGemissions.

Nearly63%ofourScope1+2emissionsresult

fromourglobalfleetofover7,900vehicles.

Theremaining37%isassociatedwithenergy

usewithinourglobalofficeportfolio.

VehiclesandEquipment

Office

EnergyUse

EmployeeCommute

Business

Travel

SupplyChain

Investments

+More

Waste

2023CORPORATE

RESPONSIBILITY

REPORT

Environmental(NetZeroStrategy,ImpactandClimateRisk)

[GRI2-4]

Progress

TowardOur

Commitments

Since2019,ourScope1and2emissionshavedecreased24%,primarilydriven

byincreasedrenewableenergy

procurementforourcorporateoffices,

improvedfleetvehiclefuelefficiencyandportfoliooptimization.Weanticipate

meaningfulprogresstowardourScope1and2targetinthenexttwoyearswithadditionalrenewableenergysourcingandtransitiontoelectricvehicles.

Emissionsintensityfrombuildings

thatwemanageforoccupierclients

havedecreasedby11%,andemissionsintensityfrombuildingsthatwe

manageforownersandlandlordshavedecreasedby15%since2019.Followingatechnicalreviewbyathird-party,wemadeseveralimprovementstothe

extrapolationmodelusedtoestimateenergyuseandGHGemissionsin

managedproperties,resultingin

adjustmentsto2019-2022data.Specificenhancementsincludesettingupper

andlowerenergyuseintensity(EUI)

thresholdlimitsforbuildingtypes,

calculatingseparatebuildingtype

EUIsforoccupierandowner/landlordclientswhichreflectdifferencesinareaundermanagement(AUM)andthe

percentoftotalbuildingenergyusethatmaybeimpactedbyourservices,andaccountingforrenewableenergypurchasedbyourclients.

Wealsorefinedcalculationsfortheinfluenceableportionofourmanagedportfoliotomorecloselyalign

withwhereweprovideenergyandsustainabilityservicesandthereforetheabilitytoinfluenceenergyuse,resultinginanapproximately25%decreaseininfluenceableAUMforGlobalWorkplaceSolutions(GWS).

Further,thereviewidentifiedtheneedtoupdateour2019baselinetoensureconsistency.Indoingso,weidentifiedacalculationerrorthathadcompoundingimpactsinextrapolationandresultedinoverstatedGHGemissionshistorically.Theseadjustmentsweremadetoyears2019-2022toenableyear-over-year

comparability,resultinginadecreaseinemissionsascomparedwithfiguresreportedintheprioryear.

Tovalidatetheseimprovements,

CBREreceivedthird-partyassuranceofScope3.11UseofSoldProductsforthefirsttimefor2023.

Since2019

OurScope1and2emissionshavedecreased

24%

11%

OurScope3

emissionsintensity

hasdecreased

forbuildingsthatwemanageforoccupierclients

15%

forbuildingsthatwemanageforownersandlandlords.

kgCO2epersquarefoot

3

2

kgCO2epersquarefoot

8

kgCO2epersq.ft.2035SBTglidepath

7

6

5

4

2

1

2023CORPORATE

RESPONSIBILITY

REPORT

Environmental(NetZeroStrategy,ImpactandClimateRisk)

WhereWeAreOnOurJourney

Scope1+2AbsoluteEmissionsReduction

Goal:Reduceabsoluteemissionsforourcorporateoperations

by68%by2035

-24%

100K

Scope1+2MTCO2e

2035SBTglidepath

80K

60K

40K

20K

MTCO2e

201920202021202220232035

Scope3BuildingsManagedforOwner/LandlordClients

Goal:Reduceoperationalemissions

by67%persquarefoot

-15%

kgCO2epersq.ft.

4

2035SBTglidepath

1

201920202021202220232035

Scope3BuildingsManagedforOccupierClients

Goal:Reduceoperationalemissions

by79%persquarefoot

-11%

9

3

201920202021202220232035

2023CORPORATE

RESPONSIBILITY

REPORT

[GRI305-1]

Scope1

OurScope1emissionsprimarilyresultfromfuelconsumptioninourvehiclefleetusedtoservebuildingsmanagedforclients,withminorcontributions

fromTelfordHomesequipmentandmachineryusedintheconstructionofresidentialdevelopments.

In2023,ourScope1emissionsincreasedby16%comparedwithprioryeardue

toincreasedmileageacrossourvehiclefleet.Since2019,we’vedecreasedScope1emissionsby10%,primarilydueto

improvedfleetvehiclefuelefficiencyandlow-impactconstructionpracticesimplementedbyTelfordHomes.Moreinformationaboutourglobalfleet

electrificationeffortsisincludedintheOurNetZeroStrategysectionofthisreport.

Environmental(NetZe