Location
Global
Company size
115000
Industry
Target
Cbre Limited commits to becoming Net Zero by 2040 from its 2019 baseline year.
CBRE Limited is a subsidiary of CBRE Group, Inc., the world's largest commercial real estate services and investment firm. The company operates globally, with prominent operational locations in the Americas, EMEA, and APAC regions. As of 2022, CBRE Limited employs over 100,000 people worldwide. The company 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.
We have previously reported purchased electricity and heating emissions for our tenant plug and process loads and this year expanded our boundary to include shared building services distributed to our tenant areas. Baseline adjustments were made to years 2019-2021 to reflect this boundary expansion. Renewable energy procurement, such as Green Tariffs and Renewable Energy Certificates (RECs), were applied to tenant plug and process loads and shared building services distributed to our tenant areas.
In 2022, our Scope 2 location-based purchased electricity emissions decreased by 8.5% compared to prior year and approximately 11% compared to 2019. Our Scope 2 market-based purchased electricity emissions decreased by nearly 14% compared to prior year, and 12.
3% since 2019. The decrease in purchased electricity emissions is largely due to office space consolidation and improvements. In 2022, our Scope 2 purchased heating emissions increased by 4.
3% compared to prior year. Since 2019, we’ve increased purchased heating emissions by 19.5% and anticipate this is a result of our corporate office portfolio growing in regions with relatively higher heating GHG intensity and consolidating corporate office space in regions with lower heating GHG intensity.
In 2022, CBRE transitioned to an industry-leading supply chain dashboard built upon the World Input-Output Database (WIOD). To allow for year-over-year comparability of data, CBRE has updated prior years GHG emissions calculations using this improved methodology.
