×
Triangles background

OUR COMPANY AFFILIATES

CBRE GROUP

CBRE Group, Inc. is the world’s largest commercial real estate services and investment firm, with 2019 revenues of $23.9 billion and more than 100,000 employees (excluding affiliate offices). CBRE has been included on the Fortune 500 since 2008, ranking #128 in 2020. It also has been voted the industry’s top brand by the Lipsey Company for 19 consecutive years, and has been named one of Fortune’s “Most Admired Companies” for eight years in a row, including being ranked number one in the real estate sector in 2020, for the second consecutive year. Its shares trade on the New York Stock Exchange under the symbol “CBRE.”

CBRE offers a broad range of integrated 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.

INVESTMENT SERVICES

CBRE Global Investors, combined with CBRE Clarion Securities and CBRE Caledon, is one of the world’s leading real asset investment managers with $114.5 billion in assets under management.

Built up over more than 40 years, our unparalleled platform is focused on real assets, giving our institutional clients access to real estate and infrastructure in the Americas, Europe and Asia Pacific. Our clients benefit from a complete range of investment solutions including equity and debt, direct and indirect, and listed and unlisted strategies.

Trammell Crow Company, founded in Dallas, Texas in 1948, is one of the nation’s oldest and most prolific developers of, and investors in, commercial real estate.The CBRE Global Investors and Trammell Crow Company platforms make up the Real Estate Investments division of CBRE Group.

The Real Estate Investments division is led by
Mike Lafitte, Global CEO, Real Estate Investments.

BLOGS

Regularly released content on the state of the real estate and infrastructure industry are produced by our subject matter experts and shared on their blogs. A selection of them can be found below.

Triangles background

REALIZING POTENTIAL IN SUSTAINABILITY

We seek to lead the transition to a sustainable, net zero carbon, resilient, equitable and healthy society. Recognizing that this can be achieved only as a collaborative effort, we encourage our partners to join us in delivering this ambition together.

CLIMATE

We commit to respecting the environment and managing climate-related risks and opportunities, by focusing on delivering net zero carbon performance and climate resiliency in our portfolios and operations.

 

PEOPLE

We commit to improving the well-being of our people by championing diversity and inclusion, and providing amenities and services to enhance the working and living environment of all our stakeholders.

INFLUENCE

We commit to positively influencing our stakeholder groups where we do not have direct control over these factors, by engaging and inspiring those we work with to embrace sustainability and adopt best practices.

 

No posts matching your criteria

CBRE Group has made a strong commitment to be an industry leader in sustainability. We are proud to be in 3BL Media’s 100 Best Corporate Citizens for 2020 and #13 in the Barron’s list of the most sustainable companies in the U.S. for 2020. Committed to diversity and inclusion, CBRE has pledged to spend $1 billion with diverse suppliers in 2021 and to grow this spend to $3 billion in five years.

As the investment management division, CBRE Global Investors has both the responsibility and opportunity to contribute to the sustainability of the environment, the well-being of people and to positively influence our operating partners, occupiers, supply chain and industry. Our Sustainability Vision recognizes that Environmental, Social and Governance (ESG) factors are fundamental to our business and to driving long-term out-performance in the real assets portfolios we manage.

Our Sustainability Vision, which has ambitious targets for the next two decades, is the product of extensive engagement with our stakeholders, including many of our clients and employees who are deeply passionate about sustainability. We are also finalizing a detailed measurement system, which will establish targeted strategies for each of our investment programs and an approach to monitoring progress. As a guiding principle, we will seek to use recognized industry measures whenever possible.

Undoubtedly, climate change is one of the most significant challenges facing our society. Reducing carbon emissions is a key objective both for the assets we manage and our own operations. Therefore, we commit to doing our part to curb climate change, by focusing on delivering net zero carbon performance in our portfolios and operations. This will involve progressively improving the energy efficiency of our assets and sourcing green energy supplies. We will strive to make assets under our management future-proofed as we transition to a green economy.

More acutely, the Covid-19 pandemic has highlighted the inextricable links between human and economic health on every level. This crisis is accelerating structural changes that were already underway and will have profound implications for the built environment. Through our investor-operator capabilities, we aim to be at the forefront of making positive contributions to social well-being in our assets and the people they support through the services and amenities we provide.

In addition, we are in the midst of another seismic change in the global conversation, focusing on inequalities in our societies, ranging from racial and gender injustice to economic impacts. We recognize that the real assets industry lags other industries in addressing these issues, and we are committed to be at the forefront of embedding diversity and inclusion in our operations and impact investing efforts.

Apart from our own operations and the direct investments where we have control, we are also committed to positively using our influence with our operating partners (companies and funds in which we invest), tenants and supply chain, as well as industry counterparts in general. I am delighted to report that this commitment to ESG engagement with companies was recognized by Global Real Estate Sustainability Benchmark (GRESB) in announcing our listed securities strategy as Investor Member of the Year, North America (2019).

At CBRE Global Investors, we endeavor to deliver sustainable real assets solutions. We have developed our Sustainability Vision and, together with our investors and partners, intend to follow it through by integrating ESG, including diversity and inclusion, in our culture, investment programs and day-to-day operations.

Disclaimer: Awards are not an indicator of superior performance. Nomination and selection criteria can be found on the following sites:  

3BL Media    Barrons    GRESB

We believe environmental, social and governance factors are fundamental to our business and to driving long-term outperformance
SUSTAINABILITY VISION
Realizing Potential in Sustainability

We seek to lead the transition to a sustainable, net zero carbon, resilient, equitable and healthy society. Recognizing that this can be achieved only as a collaborative effort, we encourage our partners to join us in delivering this ambition together.

The targets and actions to achieve our Sustainability Vision are distilled from ESG factors. In particular, we are focused on the following aspects:

Climate: We commit to respecting the environment and managing climate-related risks and opportunities, by focusing on delivering net zero carbon performance and climate resiliency in our portfolios and operations.

People: We commit to improving the well-being of our people by championing diversity and inclusion, and providing amenities and services to enhance the working and living environment of all our stakeholders.

Influence: We commit to positively influencing our stakeholder groups where we do not have direct control over these factors, by engaging and inspiring those we work with to embrace sustainability and adopt best practices.

No posts matching your criteria
SUSTAINABILITY & CBRE GLOBAL INVESTORS
At CBRE Global Investors, we strive to incorporate sustainability at the heart of both our investment programs and our own operations. For more than a decade, CBRE Global Investors has actively supported and engaged with critical sustainability initiatives. Since becoming a signatory to Principles for Responsible Investment (PRI) and piloting a new framework for GRESB in 2009, our ambitions, commitment and practices have continued to grow and evolve at pace with the developments in the ESG field.
SUSTAINABILITY LEADERSHIP
Accountability

Our Chief Executive Officer, Chuck Leitner, and the ExCo have the ultimate oversight and responsibility for all ESG issues. Our Global Chief Investment Officer – Real Assets, Jeremy Plummer, is responsible for ESG in our investments while our Global Chief Operating Officer, Andrew Glanzman, is responsible for ESG in our operations. Together they work closely with our Global Head of ESG, Aleksandra Njagulj, to ensure we deliver on our Sustainability Vision.

Strategic Direction: Global ESG Council

The Global ESG Council provides strategic direction for investment and operational sustainability and ensures integration of ESG principles and criteria into all aspects of the CBRE Global Investors business.

The Council is comprised of members of the leadership team and representatives from all regions and key functional groups.

The Council further oversees implementation work delivered by dedicated ESG team, strategy-specific ESG sub-councils and ESG project teams.

 

ALIGNING OUR SUSTAINABILITY VISION TO THE UNITED NATIONS SUSTAINABLE DEVELOPMENT GOALS

When developing our Sustainability Vision, a key consideration was to assess what our stakeholders find most important so that we could focus on high-impact areas. To help define what is most material for our business, we referenced the UN Sustainable Development Goals (SDGs) as a starting point. While all 17 SDGs are globally significant, we selected nine as the most material to us as a real assets investment manager. We embedded the SDGs in our Sustainability Vision and the tools for its delivery, including materiality assessments, maturity matrices, key performance indicators and reporting. We believe incorporating SDGs in this way, will enable us to conduct impact assessments aligned with the UN Build Back Better and the B Impact Assessment frameworks, increase awareness and better monitor/evaluate our progress.

Our analysis is built on existing frameworks, including the UN Environment Programme Finance Initiative’s Positive Impact Real Estate Investment Framework, the EU taxonomy for sustainable activities, GRESB, and resources from the UN Global Compact and green building certifications to identify our industry’s possible actions and opportunities in addressing the SDGs. We then assessed each activity to determine its feasibility, difficulty of implementation, scalability, significance and consequence of inaction as it applies to either our corporate operations or our real assets investments. The resulting operational and investment matrices that follow allow us to focus our efforts further and ensure the consistency of our Sustainability Vision as it applies to sustainable development.

No posts matching your criteria
SDGs FOR OUR INVESTMENTS

For our investments, the most material goals reflect our endeavor to lead the transition to a resilient and net zero carbon society and to manage climate-change-related risks and opportunities. SDG 7: Clean and Affordable Energy and the overarching world’s goal, SDG 13: Climate Action, are our two critical SDGs.

SDG 11: Sustainable Cities and Communities embody the fundamental principles of social sustainability impacted by real assets. Through our investments, providing an efficient and well-managed built environment, we will seek to make a meaningful contribution to these goals.

No posts matching your criteria
SDGs FOR OUR OPERATIONS

In our operations, SDG 17: Partnership for the Goals is one of our most significant opportunities. As a global company with a presence within the real assets investment sector and part of the larger CBRE platform, we believe we can lead an open dialogue and collaborate to advance sustainable development. We will aim to build on our comprehensive existing engagements with coalitions, researchers and working groups around the world and seek to expand into other new partnerships.

SDG 10: Reduced Inequalities and SDG 3: Health and Well-Being reflect our commitment to the well-being of our employees, and engaging our value chain, from diversity and inclusion to providing a healthy and sustainable workplace.

SUSTAINABILITY PATHWAY

The achievement of our Sustainability Vision requires a carefully laid-out pathway, with clear and measurable milestones along the way. At a corporate or portfolio level, achieving the ultimate goal requires continuous effort and performance improvements, always building on a solid foundation of comprehensive risk management, compliance and assessment procedures.

We have developed a proprietary ESG maturity matrix, aligned with PAS 7340 (principles of sustainable finance in financial services), that defines four levels of performance requirements for both our investments and operations. We use this framework to assess the current performance, set ambitions for the medium- and long-term and a pathway to achieve them.

The key performance indicators to measure success align with key globally recognized sustainability frameworks such as SDGs, GRESB, B Impact Assessment and green building certifications, lending an additional layer of oversight and third-party verification. This bespoke framework for investments provides structure while being adaptable to the ambitions of different investors and different types of portfolios and assets, as well as to changes in portfolios, markets, regulations and external standards. We believe the operations maturity matrix and pathway enable clear communication of ambition and progress towards the targets, and transparency to internal and external stakeholders.

ESG Maturity Matrix
Maintain legislative compliance

Investments

  • Screening for socially and environmentally unacceptable activities
  • Regulatory compliance
  • Ad-hoc client engagement

Operations

  • Compliance with environmental and employment-related legislation
  • Ad-hoc engagement with supply chain on environmental and social issues
  • Mandatory disclosure
Identify and manage sustainability impacts

Investments

  • Environmental efficiency and social well-being initiatives measured and benchmarked
  • Asset and portfolio ESG impact measurement and benchmarking
  • Material ESG issues identified
  • Risk management
  • Ad-hoc performance improvement initiatives
  • Ad-hoc reporting to client

Operations

  • Ad-hoc performance improvement  initiatives
  • Suppliers’ performance monitored
  • Employee engagement and diversity monitored
  • Standard sustainability statements
Implement sustainability practices and improve performance

Investments

  • Senior management leading on ESG
  • Engagement with external bodies
  • ESG performance improvements measured, benchmarked and regularly reported
  • Targets and implementation plan in place for environmental and social KPIs
  • Portfolio strategy with short- and long-term targets and implementation plans
  • ESG benchmarking results and progress regularly reported to client

Operations

  • Carbon impacts offset
  • Active employee engagement including sustainability training
  • ESG criteria part of supplier selection and review process
Deliver exemplary ESG performance as business as usual

Investments

  • Delivering on ambitious ESG targets
  • ESG fully integrated into mainstream investing strategies and activity
  • Active client engagement including knowledge sharing
  • Detailed public reporting

Operations

  • Compensation linked to sustainability performance
  • ESG objectives aligned in company strategy
  • Significant employee and supply chain engagement, capacity building and collaboration
  • Detailed public reporting
SUSTAINABILITY OBJECTIVES
Climate

Carbon (Emissions) Reduction
Renewable Energy
Climate Resilience

We commit to respecting the environment and managing climate-related risks and opportunities, by focusing on delivering net zero carbon performance and climate resiliency in our portfolios and operations.


Investments Objectives

  • Achieve net zero carbon performance in directly managed long-term core investments by 2040
  • Deliver future-ready enhanced return assets in shorter term strategies

Operational Objectives

  • Align business operations efficiency with Science Based Targets carbon reduction
  • Achieve carbon neutrality from 2020
People

Health & Well-being
Diversity & Inclusion
Training & Education

We commit to improving well-being of our people by championing diversity and inclusion, and providing amenities and services to enhance the working and living environment of all our stakeholders.


Investments Objectives

  • Embed WELL principles in direct asset management by 2040

Operational Objectives

  • Embed B Impact Environment, Community and Workers principles, supporting social, mental and physical well-being of our teams
Influence

Stakeholder Engagement
Transparency
Compliance

We commit to positively influence our stakeholder groups where we do not have direct control over these factors, by engaging and inspiring those we work with to embrace sustainability and adopt best practices.


Investments Objectives

  • Engage the supply chain and all other stakeholders to help them embed sustainability principles, and improve their performance by 2040

Operational Objectives

  • Embed B Impact Governance principles and champion corporate sustainability through example
Climate

Investments

  • Where we have direct control of the asset and management discretion of our long-term core strategies, we commit to implement actions to achieve net zero carbon performance by 2040 or sooner. In line with the World Green Building Council net zero hierarchy, we will focus first on asset’s operational efficiency and energy procurement. This will be followed by carbon offsets where necessary.
  • In our shorter-term enhanced return strategies we will focus on creating energy efficient future-ready assets. We will minimize embodied carbon through preservation of existing structure and careful new materials selection, using whole lifecycle analysis.
  • Where we do not have control or do not have discretion, we will engage with our clients, tenants, fund managers, operating partners and management teams of companies in which we invest, to influence and help them to transition to net zero carbon performance.

Operations

  • For all our operations, we commit to implement actions to achieve net zero carbon performance in line with Science Based Targets, by 2035 or sooner. We will offset our operational carbon from 2019 onwards, achieving carbon neutrality.
  • Where we have direct control of our office’s fit-out and energy procurement, we will focus on operational efficiency, including business travel and energy procurement.
  • We will engage with our landlords and the supply chain to influence and help them to transition to net zero carbon performance.
People

Investments

  • Where we have direct control of the asset and management discretion of the portfolio, we commit to implement actions to provide facilities and amenities which support health and well-being of our assets’ users by 2040 or sooner. In line with the principles of WELL building, we will focus on assets’ indoor air quality, thermal and visual comfort, accessibility and cycling facilities.
  • Where we do not have control or do not have discretion, we will engage with our clients, tenants, fund managers, operating partners and management teams of companies in which we invest, to influence and help them to implement well-being, diversity and inclusion principles in their assets and operations.

Operations

  • For all our operations, we commit to implement actions to support social, mental and physical well-being of our teams.
  • We will consistently listen, learn, act and invest our time and financial resources to build an inclusive culture, ensure a diverse talent pipeline and advocate for diversity and inclusion in the marketplace.
  • We will focus on the sustainable fit-out and provision of mental and physical well-being programs and initiatives.
  • We will engage with our landlords and the supply chain to influence and help them to implement well-being, diversity and inclusion principles in their assets and operations.
Influence

Investments

  • Where we have direct control of the asset and management discretion of the portfolio, we commit to engage with our supply chain to improve their sustainability performance by 2040 or sooner. In line with the B Impact principles, we will develop and implement a sustainable procurement policy, focusing on achieving our Vision of a sustainable, net zero carbon, resilient, equitable and healthy society.
  • Where we do not have control or do not have discretion, we will engage with our clients, tenants, fund managers, operating partners and management teams of companies in which we invest, to influence and help them to improve their sustainability performance.

Operations

  • For all our operations, we commit to implement actions to align with the B Impact principles by 2030 or sooner.
  • We will focus on education and empowerment of our employees to equip them in their work towards achieving our Sustainability Vision.
  • We will engage with our peers, supply chain and communities to raise their awareness and capability to support and participate in the transition to a sustainable, net zero carbon, resilient, equitable and healthy society.
CBRE Global Investors offsets its unavoidable emissions through World Land Trust’s Carbon Balanced project in Vietnam. The project protects Khe Nuoc Trong, one of the best remaining examples of Annamite Lowland Forest, for the rich array of wildlife that call it home, including the red-shanked douc langur.

Photos provided by
World Land Trust
Credit: Viet Nature

2007

UN Global Compact

CBRE Group joins the special initiative of the UN Secretary-General.

2009

UN Principles for Responsible Investment

CBRE Global Investors signs UN Principles for Responsible Investment.

Global Real Estate Sustainability Benchmark

CBRE Global Investors joins Global Real Estate Sustainability Benchmark.

2012

Institutional Investors Group on Climate Change

One of the founding members of the Institutional Investors Group on Climate Change.

2013

Policy Adopted

CBRE Global Investors launches Global Green Team and adopt Sustainability Policy.

2017

Global Responsible Investment Management Committee

CBRE Global Investors establishes the Global Responsible Investment Management Committee and adopts a policy with a broadened scope.

2018

Task Force on Climate-related Financial Disclosures

CBRE Global Investors commits to Task Force on Climate-related Financial Disclosures (TCFD) reporting.

Tailored ESG Strategies

Pooled Funds develop and implement tailored ESG Strategies.

2019

The Investor Agenda

CBRE Global Investors supports The Investor Agenda.

Global Impact Investors Network

CBRE Global Investors joins the Global Impact Investors Network.

CBRE Global Investors supports UNEP Finance Initiative.

2020

Coalition for Climate Resilient Investment

CBRE Global Investors joins the Coalition for Climate Resilient Investment.

2021

Sustainability Vision

Launch of CBRE Global Investors Sustainability Vision.