Commercial, Energy Efficiency, GHG Emissions  -  October 2, 2018

Cushman & Wakefield posts increase in energy efficiency

Cushman & Wakefield reported that their emissions efficiency improved by 10% on a per billion-dollar revenue basis in 2017. The company also improved Scope 1 and 2 and Scope 3 emissions efficiency by 7% and 29%, respectively, while absolute greenhouse gas emissions increased by 4% during this time.

The global real estate services firm posted these results with the release on Oct. 2 of their 2017 Corporate Social Responsibility Report, which outlined its successes in energy efficiency programs and environmental sustainability. "We are particularly proud of our Corporate Social Responsibility Program,” Maria D’Avanzo, Cushman & Wakefield’s chief ethics and compliance officer and CSR executive sponsor, said in a statement. "This report demonstrates our commitment to building a sustainable future through our global platform and local expertise."

According to the report, Cushman & Wakefield was named an Energy Star Partner of the Year for 2017 and achieved Energy Star certification at 217 of its client buildings. 

In previous years, the company developed a set of Green Practice Policies that properties implement to reduce environmental impact and in 2017 worked with more than 50 clients on improving their energy efficiency. Through these programs, they achieved a 5-10% energy cost savings on average for clients.

They supported other areas of sustainability programs in 2017, such as client partnerships resulting in more than 59 million square feet of LEED-certified spaces, including helping Heron Tower in New York achieve LEED Gold certification.

In Italy, all shopping centers and research parks they manage have installed electric vehicle charging stations in parking areas. The real estate firm also provided portfolio and facilities management for more than 13,600 branches of a major financial services firm and reduced branch office utility costs by more than 10%.

Moving forward, Cushman & Wakefield plans to continue implementing sustainability programs in their operations, such as favoring sustainable design, construction processes and products in offices and in renovations; consolidating data centers for energy efficiency; using paperless systems for billing, contracts and documentation; and monitoring and tracking greenhouse gas emissions and reporting annually to Carbon Disclosure Project.

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