CBRE Group, Inc
Carbon footprint
Primary Climate Goal
CBRE Group, Inc aims to reduce Scope 1 + 2 by 68% by 2035 from a base year 2019
Secondary Climate Goal
CBRE Group, Inc aims to achieve net zero for all Scopes by 2040
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 2020 at 83 Kt (-4.1 /-4.7% y-o-y). Also positively, carbon intensity declined to 3.5 t (-0.1 /-2.8% y-o-y).
CBRE Group, Inc's Scope 3 emissions took off to 360,945 Kt (
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 -3.7 Kt per annum over the period of FY2021 - 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 -18,051 Kt per annum over the period of FY2021 - FY2040. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.