CBRE Group announced that the Science Based Targets initiative (SBTi) has approved the company’s science-based target to significantly reduce greenhouse gas emissions (GHG) from both CBRE’s own operations and the properties it manages for investors and occupiers.
CBRE has committed to reducing scope 1 and 2 GHG emissions 68 percent by 2035 from the 2019 base year. This target covers GHG emissions from the company’s global operations and is aligned with the ambition of the Paris Agreement to limit global temperature rise to 1.5°C. CBRE has committed to achieving 100 percent renewable electricity by 2025 and to transitioning its vehicle fleet to electric vehicles.
CBRE also has committed to an industry-leading target for emission reductions in the facilities and properties it manages around the world (Scope 3). CBRE will curb emissions in facilities it manages for occupiers worldwide by 79 percent per square foot by 2035. For properties it manages for investors wo
