CBRE Group, Inc. Releases 2019 Corporate Responsibility Report with Special Focus on COVID-19
LOS ANGELES--(BUSINESS WIRE)-- CBRE Group, Inc. (NYSE: CBRE) has released its 2019 Corporate Responsibility Report, which highlights the company’s accomplishments as an industry leader in responsible business practices.
A key element of this year’s report is a focus on the company’s response to the COVID-19 pandemic. This is the first global humanitarian crisis since CBRE signed the Business Roundtable Statement on the Purpose of a Corporation. The purpose statement outlined CBRE’s responsibilities to its clients, employees, shareholders, suppliers and communities.
“Our people have stepped up to help clients navigate COVID-19's challenges and also answered the call within their communities. In addition, we organized the largest fundraising campaign in CBRE’s history, recognizing that our corporate response, like the challenge facing the world, needed to be unprecedented,” said Bob Sulentic, CBRE’s president and chief executive officer.
CBRE’s COVID-19 Relief Fund is supporting recovery efforts around the world with $15.3 million raised from employees and the company’s contribution. These funds are helping regional and local organizations as well as CBRE’s own employees who are facing financial hardship due to the pandemic.
CBRE’s other notable achievements include:
- Registered and benchmarked 5,623 buildings in the U.S. Department of Energy’s ENERGY STAR program.
- Provided energy and sustainability services to more than 1.6 billion sq. ft. of buildings under management globally.
- Improved employee connectivity with the company as annual survey results showed increases in overall response (up 13 percent) and engagement (up 12 percent).
CBRE’s Corporate Responsibility Report was produced in accordance with the Global Reporting Initiative (GRI) Standards: Core option and includes the company’s progress toward implementing the Ten Principles of the United Nations Global Compact. The report contains disclosures recommended in the Real Estate Services Sustainability Accounting Standard that was developed by the Sustainability Accounting Standards Board (SASB), as well as disclosures recommended by the Task Force for Climate-Related Financial Disclosures (TCFD).
Earlier this year, CBRE was ranked #13 on the 2020 Barron’s 100 Most Sustainable Companies list and named to the 2020 Bloomberg Gender-Equality Index. CBRE was also included in the Dow Jones Sustainability World Index in 2019 and DJSI North America for the sixth year in a row, ranked #23 on Investor Business Daily’s 2019 50 Best ESG Companies list, and named one of the World’s Most Ethical Companies® for the seventh year in a row.
More information on corporate responsibility at CBRE can be found at www.cbre.com/responsibility.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through approximately 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com. We routinely post important information on our website, including corporate and investor presentations and financial information. We intend to use our website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Such disclosures will be included in the Investor Relations section of our website at https://ir.cbre.com. Accordingly, investors should monitor such portion of our website, in addition to following our press releases, Securities and Exchange filings and public conference calls and webcasts.
Source: CBRE Group, Inc.
Released May 28, 2020