CBRE Group, Inc

Real Estate Services

CBRE

$ 84 (0.94)%

Share price

$ 27 bn

Market Cap

$ 30 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.06x the weighted average for S&P 500

FY2021

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -6.6% weighted average for S&P 500

FY2022

CBRE Group, Inc aims to reduce Scope 1 + 2 by 68% by 2035 from a base year 2019

1.5°C

Secondary Climate Goal

Proj. YOY change in GHG emissions (all Scopes)

Weaker than the -6.9% weighted average for S&P 500

FY2022

CBRE Group, Inc aims to achieve net zero for all Scopes by 2040

This target has not been verified as science based according to SBTi

GHG emissions and Carbon intensity

CBRE Group, Inc reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 66 Kt (-17 /-20.1% y-o-y). Also positively, carbon intensity decreased to 3.5 t (-0.1 /-2.8% y-o-y).

CBRE Group, Inc's Scope 3 emissions spiked to 89,169 Kt (+34,484/+63% y-o-y). The growth has slowed compared to the trend since 4Q'16 (CAGR +317%).

The company is committed to reducing Scope 1 + 2 by 68% by 2035 from a base year 2019, which translates into the estimated reduction of -2.7 Kt per annum over the period of FY2022 - FY2035. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Also, the company commits to achieving net zero for all Scopes by 2040, which translates into the estimated reduction of -4,697 Kt per annum over the period of FY2022 - FY2040. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q4	66	46	20	89,169
2020Q4	83	60	23	54,685	23,826	3.5
2019Q4	87	59	28	58,308	23,894	3.6
2018Q4	46	46	0	20	21,340	2.2
2017Q4	46	46	0	19	18,629	2.5
2016Q4	63	63	0	17	13,072	4.9