Los Angeles – October 31, 2012 – Newsweek, a leading U.S. weekly newsmagazine, has ranked CBRE Group, Inc. as the greenest real estate services firm in its 2012 Green Rankings. This is the fourth consecutive year that CBRE has achieved this distinction.
CBRE was ranked 96 overall out of 500 major U.S.-based publicly-traded companies. The ranking is based on each company's environmental impact, management and disclosure efforts. CBRE improved from 128 in 2011.
“CBRE’s commitment to sustainability is deeply embedded in our culture. This is reflected both in how we manage our own facilities and in the work we do for our clients,” said Bob Sulentic, CBRE’s President. “The Newsweek ranking is an important, objective measurement of our progress. While we are very pleased with the strides we’ve made over the past year, our commitment to continuous improvement in this area remains strong.”
Newsweek collaborated with research partners Trucost and Sustainalytics to compile the rankings based on environmental, social and governance (ESG) analysis and data provided by the Carbon Disclosure Project, which collects global greenhouse gas data on over 3,000 companies worldwide. CBRE has participated in the Carbon Disclosure Project since 2007.
Earlier this this fall, CBRE launched of the Real Green Research Challenge (www.cbre.com/rgrc), a four-year, US$1million commitment to fund leading-edge sustainability research and innovation relating to commercial real estate. CBRE is accepting submissions for research proposals, with the goal of developing solutions to the industry’s critical environmental challenges.
CBRE assists property owners and occupiers with energy efficiency programs within the commercial space it manages, as well as for client organizations. In the U.S., CBRE offers a wide range of sustainability programs including the establishment of the Green Knights, a nationwide team of sustainability advocates within the Company’s Asset Services and Global Corporate Services teams, which has more than 100 participants. Nearly 500 CBRE professionals globally have earned LEED® Professional credentials and CBRE currently manages approximately 200 million square feet certified under the U.S. Green Building Council’s LEED® for Existing Buildings rating system, and more than 260 million square feet registered under the EPA Energy Star® program.
About CBRE Group, Inc.
CBRE 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 2011 revenue). The Company has approximately 34,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE 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. Please visit our Web site at www.cbre.com.