CBRE is making an investment in Fifth Wall’s Climate Technology Fund to enable the next generation of sustainability in commercial real estate. The fund will invest in technologies that will contribute to the decarbonization of the commercial real estate industry, as well as adjacent sectors, such as energy and manufacturing.
As the world’s largest manager of commercial buildings, CBRE is well positioned to help stem the rise in global temperatures through sustainable practices for the built environment. CBRE’s investment in the fund will provide insight into and access to early-stage technologies that will enhance the firm’s sustainability solutions for clients and support the company’s own sustainability goals.
Sandeep Davé, CBRE’s Chief Digital and Technology Officer, said, “Climate technology development has dramatically increased as a result of a changing regulatory environment, ambitious corporate sustainability targets and other catalysts. We believe technology can make a significant impact on the drive to reach net-zero in the built environment and look forward to investing in the creation of market-changing, innovative technologies that benefit our clients.”
CBRE has been an investor in Fifth Wall investment programs since 2016.
CBRE, a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of 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 Commission filings and public conference calls and webcasts.