CBRE Group, Inc

Real Estate Services

CBRE

$ 78 (0.37)%

Share price

$ 24 bn

Market Cap

$ 29 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.09x the weighted average for S&P 500

FY2022

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -8% weighted average for S&P 500

FY2023

CBRE Group, Inc aims to reduce Scope 1 + 2 by 68% by 2035 from a base year 2019

1.5°C

Secondary Climate Goal

Proj. YOY change in GHG emissions (all Scopes)

Weaker than the -6.5% weighted average for S&P 500

FY2023

CBRE Group, Inc aims to achieve net zero for all Scopes by 2040

This target has not been verified as science based according to SBTi

GHG emissions and Carbon intensity

CBRE Group, Inc reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2022 at 87 Kt (-5.8 /-6.3% y-o-y). Also positively, carbon intensity was down at 2.8 t (-0.5 /-15.2% y-o-y).

CBRE Group, Inc's Scope 3 emissions was down at 71,497 Kt (-1,347 /-1.8% y-o-y). The time series has been volatile over the last few periods.

The company is committed to reducing Scope 1 + 2 by 68% by 2035 from a base year 2019, which translates into the estimated reduction of -4.5 Kt per annum over the period of FY2023 - FY2035. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Also, the company commits to achieving net zero for all Scopes by 2040, which translates into the estimated reduction of -3,977 Kt per annum over the period of FY2023 - FY2040. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2022Q4	87	48	38	71,497	30,828	2.8
2021Q4	93	50	20	72,844	27,746	3.3
2020Q4	83	60	23	70,712	23,826	3.5
2019Q4	87	59	28	64,982	23,894	3.6
2018Q4	46	46	0	20	21,340	2.2
2017Q4	46	46	0	19	18,629	2.5
2016Q4	63	63	0	17	13,072	4.9