1. CWK announces renewed GHG emission reduction targets for global operations. 2. Targeting 73.1% reduction in Scope 1 and 2 emissions by 2034. 3. Aim to reduce Scope 3 emissions by 66.3% per square foot by 2034. 4. Commitment to reach net-zero emissions across value chain by 2050. 5. Annual progress reports on sustainability targets planned from 2034.
CWK's ambitious sustainability targets align with growing investor focus on ESG factors, potentially attracting more capital and improving brand image. Historical trends show firms prioritizing sustainable practices often see stock price increases as they capture green investment flows.
The article elaborates on significant corporate sustainability targets, directly reflecting CWK's strategic direction. Given the rising importance of ESG factors in investment decisions, this can attract investor interest.
The long-term nature of the targets (by 2034 and 2050) suggests sustained interest. Long-term investors prioritize firms aligned with sustainability trends, indicating potential for steady stock price elevation over years.
Cushman & Wakefield (NYSE:CWK), a leading global commercial real estate services firm, today announced renewed science-based greenhouse gas (GHG) emissions reduction targets that raise the bar on climate ambition across its operations and the client properties it manages worldwide.
The updated targets introduce higher emissions reduction objectives and a refined methodology for addressing the Scope 3 emissions that make up the vast majority of its value chain footprint.
"Since first setting science‑based targets in 2021, we've worked hard to reduce our own operational footprint and help clients decarbonize the buildings they own and occupy," said Jessica Francisco, Cushman & Wakefield's Chief Sustainability Officer. "With these renewed targets, we are reaffirming our progress to date and our intent to go further, faster."
Cushman & Wakefield established its first near‑term, SBTi‑approved targets in September 2021 and, in July 2022, became one of the first companies to have a net‑zero target approved under the SBTi's Corporate Net‑Zero Standard. In the years since, the firm has continued to invest in data management improvements, renewable electricity procurement and partnering with clients to deliver shared, sustainable value. These efforts, among others, have informed the firm's decision to commit to the next generation of targets.
The firm intends to report annually on progress toward its 2034 targets through its annual Sustainability Report, in addition to other voluntary and regulatory disclosures, as applicable. Cushman & Wakefield believes these targets are important in the global effort to mitigate the adverse impacts of climate change and will assess them as necessary, based on SBTi guidelines and the evolution of the firm's strategy.
"Our clients are asking for data‑driven pathways to net zero. By expanding our Scope 3 target from an engagement metric to an emissions intensity target, we're aligning our services and accountability with what matters most—real decarbonization in the built environment," said Francisco.
Learn more about sustainability at Cushman & Wakefield and read the firm's recently published 2024 Sustainability Report here.
About Cushman & Wakefield
Cushman & Wakefield (NYSE:CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2024, the firm reported revenue of $9.4 billion across its core service lines of Services, Leasing, Capital markets, and Valuation and other. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.
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Media Contact:
Annie Wood
Corporate Communications
+1 817 456 6209
annie.wood@cushwake.com