Los Angeles, CA – September 22, 2009 – Newsweek, a leading weekly newsmagazine, has ranked CB Richard Ellis Group, Inc. (NYSE:CBG) No. 45 in its 2009 Green Rankings. The list, featured in the publication’s September 28, 2009 issue, measures the environmental performance of the 500 largest U.S.-based publicly traded companies. The ranking is based on each company's actual resource use and emission levels, its environmental policies and strategies, and its reputation among its peers. CB Richard Ellis is the highest ranked commercial real estate company.
"The Newsweek ranking is another strong endorsement of our corporate commitment to sustainability," said Brett White, president and chief executive officer of CB Richard Ellis. "This achievement underscores for our clients – many of whom are also on Newsweek’s list – that CB Richard Ellis provides the industry’s most comprehensive, integrated sustainability platform, and that we are leading the way in helping businesses to reduce their impact on the environment while lowering their costs."
Newsweek collaborated with three research partners to compile the rankings -- KLD Research & Analytics, Trucost, and CorporateRegister.com – and also referenced data provided by the Carbon Disclosure Project, which collects GHG data on over 2,500 companies worldwide. CBRE has participated in the Carbon Disclosure Project since 2007.
In 2007 CB Richard Ellis became the first commercial real estate services company to announce a commitment to become carbon neutral in its own operations. In addition, CB Richard Ellis is assisting property owners and occupiers with energy efficiency programs at building space it manages around the world. The U.S. Environmental Protection Agency has named CBRE an ENERGY STAR® Partner of the Year for the past two years, the only commercial real estate services firm so recognized with that award. Earlier this year, the U.S. Green Building Council (USGBC) also awarded CB Richard Ellis its Leadership Award for Organizational Excellence and the industry group, CoreNet, recognized the Company with a special commendation for Sustainable Leadership and Design – Development.
The complete Newsweek rankings, as well as the related story and methodology, are available at http://greenrankings.newsweek.com.
About CB Richard Ellis
CB Richard Ellis Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2008 revenue). The Company has approximately 30,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. CB Richard Ellis has been named a BusinessWeek 50 "best in class" company three years in a row and a Fortune 100 fastest growing company two years in a row. Please visit our Web site at www.cbre.com.