CBRE tops first carbon reduction commitment league table

London, 8 November 2011 – CBRE, the world’s largest property advisory firm, has been ranked joint-top of the first Carbon Reduction Commitment (CRC) League Table in the UK, published today.

CBRE’s position at the top of the table reflects its long-term commitment to sustainability and carbon reduction. Since 2007 the firm has adopted a companywide Environmental Stewardship policy, and in 2011 announced it had achieved carbon neutrality for its 2010 global operations.

The CRC requires the largest public and private sector organisations in the UK to disclose their carbon emissions, which involves quantifying the consumption of 29 fuels across their entire UK portfolios.

The first League Table, which features over 2000 organisations, has been compiled based on ‘early action’ taken to control emissions over a three year period, namely through metering programmes; and the percentage of emissions covered by carbon certification schemes, such as the Carbon Trust Standard. CBRE reported a total of 4,004 tonnes of carbon dioxide for the 2010/11 compliance year across its UK portfolio. One hundred per cent of these emissions are covered by the Carbon Trust Standard.

From 2011 – 2012, the primary factor which will determine an organisation’s position in the table will be year-on-year reduction in carbon emissions (75% of ranking), and reduction in carbon emissions relative to revenue growth (25%).

Andrew Baker, Lead Sustainability Consultant, EMEA, at CBRE said:

“CBRE is already well known for the support we provide to clients on energy efficiency and environmental legislative compliance. Being ranked joint top of the league is a great endorsement of our internal energy management processes and underlines our commitment to carbon reduction. The ranking shows that CBRE has achieved verified year-on-year carbon emission reductions, that we have been proactive in installing energy monitoring equipment, and that we have excellent energy management processes. Ultimately the league table is one of a number of indicators that should be used to analyse a company’s overall sustainability performance; but today we should congratulate those companies which have successfully demonstrated a proactive approach and placed highly in the inaugural league table”.

Martin Samworth, UK Managing Director, CBRE said:

“As one of the UK’s largest third-party managers of commercial property, we are responsible for advising clients in ownership or occupation of millions of square feet of property on improving energy efficiency and lowering carbon emissions. Our ranking in the CRC League table, coupled with us achieving global carbon neutrality in 2010, demonstrates our absolute commitment to the green agenda both for our clients and for our own operations.”

In October Newsweek ranked CBRE the greenest real estate company in its 2011 Green Rankings, a list that measures the environmental performance of the 500 largest US-based publicly traded companies. CBRE has been the highest ranked real estate company in each of the three years that Newsweek has published its rankings. The industry group CoreNet has recognised CBRE with a special commendation for Sustainable Leadership and Design – Development, and for the past four years the US Environmental Protection Agency also named CBRE an ENERGY STAR® Partner of the Year.