The Newsweek list measures the environmental performance of the 500 largest U.S.-based publicly traded companies. The ranking is based on each company's actual resource use and emission levels, its environmental policies and strategies, and its reputation among its peers. CBRE's overall ranking improved markedly from 2009, when it was ranked #45.
"The Newsweek ranking is another endorsement of our corporate commitment to sustainability," said Brett White, CEO of CBRE. "This achievement underscores for our clients - many of whom are also on Newsweek's list - that CB Richard Ellis offers the industry's most comprehensive, integrated sustainability service platform. As the largest manager of commercial space globally, CBRE is uniquely positioned to help our clients lower energy consumption, enhance efficiencies and reduce their environmental impact."
Newsweek collaborated with three research partners to compile the rankings - MSCI ESG Research, Trucost and CorporateRegister.com - and also referenced data provided by the Carbon Disclosure Project, which collects global greenhouse gas data on over 3,000 companies worldwide. CBRE has participated in the Carbon Disclosure Project since 2007. Newsweek's editorial partner in the ranking was ASAP Media.
In 2007 CB Richard Ellis became the first commercial real estate services company to announce a commitment to become carbon neutral in its own operations. In addition, CB Richard Ellis is assisting property owners and occupiers with energy efficiency programs at building space it manages around the world. The U.S. Environmental Protection Agency has named CB Richard Ellis an ENERGY STAR® Partner of the Year for the past three years, including recent recognition for Sustained Excellence. The U.S. Green Building Council has awarded CB Richard Ellis its Leadership Award for Organizational Excellence and the industry group, CoreNet, recognized CB Richard Ellis with a special commendation for Sustainable Leadership and Design Development.
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