CBRE Group, Inc. (CBRE) announced that it has been recognized for its climate-change disclosure transparency through its inclusion in in CDP’s S&P 500 Climate Disclosure Leadership Index (CDLI). The annual index, compiled by PwC on behalf of CDP, recognizes those Standard & Poor’s 500 (S&P 500) companies that have displayed the strongest approach to the disclosure of information regarding climate change.
All S&P 500 companies applying to CDP are scored on the completeness and quality of their submissions, and the high scores posted by the CDLI index companies indicate the provision of robust climate data and a concrete understanding of climate change-related issues affecting the company.
The CDLI, which consists of 53 companies in 2013, comprises the organizations that achieved a score within the top ten percent of the sample assessed. The minimum score has risen each year as corporate understanding of the need for climate transparency has increased and now stands at 96 (out of 100).
“Our inclusion in the Climate Disclosure Leadership Index reflects CBRE’s commitment to transparent reporting of our own environmental performance and the sustainability services we provide our clients,” said Dave Pogue, CBRE’s Global Director of Corporate Responsibility. “We are pleased to be included among this list of world class companies, many of whom are CBRE clients.”
“U.S. companies that score highly enough to be included in the Climate Disclosure Leadership Index are responding to the call for greater corporate climate accountability. They have demonstrated leading practice on the measurement of greenhouse gas emissions and energy use, and transparency of their climate change strategy,” said Paul Simpson, CEO, CDP.
CBRE’s Environmental Sustainability program includes global commitments in 11 key areas of environmentally sound performance, including resource management, occupancy, communications and training, public policy and procurement. The program provides best practices and initiatives that strengthen CBRE’s own environmental commitment, reflect the best environmental practices in our clients’ properties, and provide vital training and education to CBRE professionals.
CBRE’s 2013 CDP filing, as well as the company’s filings from previous years and the complete CDP S&P 500 Climate Change Report 2013, are publically available at www.cdp.net.
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 and investment firm (in terms of 2012 revenue). The Company has approximately 37,000 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 website at www.cbre.com.
CDP, formerly known as the Carbon Disclosure Project is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. CDP works with market forces, including 722 institutional investors with assets of US$87 trillion, to motivate companies to disclose their impacts on the environment and natural resources and take action to reduce them. CDP now holds the largest collection globally of primary climate change, water and forest risk commodities information and puts these insights at the heart of strategic business, investment and policy decisions. Please visit www.cdp.net or follow us @CDP to find out more.