CDP Recognizes CBRE For Climate Change Transparency For Second Consectutive Year
Los Angeles, September 23, 2014 /3BL Media/ – CBRE Group, Inc. today announced that it has been recognized for climate-change disclosure transparency through its inclusion in CDP’s S&P 500 Climate Disclosure Leadership Index (CDLI). The annual index spotlights Standard & Poor’s 500 companies that have demonstrated a high level of transparency and data quality in their disclosure of climate-related information. Sixty-three S&P 500 companies are featured in the 2014 CDLI. This is the second year that CBRE has achieved a position in CDLI.
CDP’s climate change program facilitates corporate management and reporting of greenhouse gas emissions and climate-related risks and opportunities.
CBRE provided information at the request of 767 investors, representing more than $92 trillion in assets. CBRE disclosures to CDP are scored on a scale of 100 for completeness and data quality. High scores indicate that companies provided robust climate data and conveyed a strong understanding of corporate climate-related issues. The companies in the top 10% for disclosure scores are awarded a position on the CDLI. This year, the S&P 500 CDLI features companies that earned a score of 97 or higher, demonstrating the high regard that leading companies hold for the collection and communication of climate change information for their investors.
CDP disclosure scores are provided to investors and other decision makers through various channels, including Bloomberg terminals, to help them assess corporate preparedness for changing market demands and emissions regulation.
“Our inclusion for the second year in row in the Climate Disclosure Leadership Index underscores CBRE’s dedication to both best-in-class sustainability services and transparent reporting of our performance,” said Dave Pogue, CBRE’s Global Director of Corporate Responsibility. “Global greenhouse gas emissions continue to rise, and we face steep financial risk if we do not mitigate them.”
“The need for disclosure of corporate climate change impacts and strategies to reduce them has never been greater,” said Paul Simpson, Chief Executive Officer of CDP. “For this reason, we congratulate those businesses that have achieved a position on CDP’s S&P 500 Climate Disclosure Leadership Index. These companies are responding to the ever-growing demand for environmental accountability and helping to inspire others to follow suit.”
CBRE’s Environmental Sustainability program includes global commitments in 11 key areas of environmentally sound performance, including resource management, occupancy, communications and training, public policy and procurement. The program provides best practices and initiatives that strengthen CBRE’s own environmental commitment, reflect the best environmental practices in our clients’ properties, and provide vital training and education to CBRE professionals.
CBRE’s 2014 CDP filing, as well as the company’s filings from previous years and the complete CDP S&P 500 Climate Change Report 2014, are publically available at www.cdp.net.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
CDP is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. CDP works with market forces, including 767 institutional investors with assets of US$92 trillion, to motivate companies to disclose their impacts on the environment and natural resources and take action to reduce them. CDP now holds the largest collection globally of primary climate-change, water and forest risk commodities information and puts these insights at the heart of strategic business, investment and policy decisions.
Please visit www.cdp.net or follow us @CDP to find out more.