Global real asset investment management firm CBRE Global Investors announced today the launch of its new Sustainability Vision, outlining the firm’s sustainability goals and strategies, across a broad range of ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More factors. The new initiative includes an aspiration by the company to achieve net-zero carbon by 2040 for its directly managed, long-term core investments.
In the introduction to the Sustainability Vision, Chuck Leitner, CEO, CBRE Global Investors, said:
“Our Sustainability Vision recognizes that EnvironmentalEnvironmental criteria consider how a company performs as a steward of nature. More, SocialSocial criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. More and GovernanceGovernance deals with a company’s leadership, executive pay, audits, internal controls, and shareholder rights. More (ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More) factors are fundamental to our business and to driving long-term outperformance in the real assets portfolios we manage.”
CBRE’s sustainability commitments encompass the key areas of “Climate, People and Influence.” Climate goals include the 2040 net zero goal by progressively improving the operational efficiency of assets, sourcing green energy suppliers, and a focus on creating energy-efficient future-ready assets. In its own offices, CBRE has committed to implementing actions to achieve carbon reduction in line with Science Based Targets initiative (SBTi) criteria by 2035 or sooner. CBRE’s “People” commitments include goals to champion diversity, equity, inclusion and the well-being of its people and other stakeholders. Under “Influence,” the company aims to use its position to positively influence stakeholders where it does not have direct operating control, including clients, tenants, fund managers, operating partners, and other stakeholders to transition to net-zero carbon performance.
Leitner added:
“Our Sustainability Vision has ambitious targets for the next two decades, including a corporate commitment to achieve many of our aspirations by 2040. This work is the product of extensive engagement with our stakeholders, including many of our clients and employees who are deeply passionate about sustainability.”
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