Cushman & Wakefield : Download 2021 ESG Report Summary

2021

ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) REPORT SUMMARY

TAKING BOLD ACTION FOR THE FUTURE OF REAL ESTATE

This is a summary of Cushman & Wakefield's 2021 Environmental, Social and Governance (ESG) Report. The full report can be found on our website.

MESSAGE FROM OUR CEO

John Forrester

CEO

At Cushman & Wakefield, we strive for continuous improvement to meaningfully contribute to a sustainable future. It is not only our responsibility to aim to have the most positive impact possible on our many stakeholders and world-but it also is part of our purpose as an organization and a passion that our people share globally.

I am pleased to present a summary of our 2021 Environmental, Social and Governance (ESG) Report, which outlines our firm's efforts across key ESG areas for the fiscal year. This report, formerly our Corporate Social Responsibility Report, has been renamed to reflect an increased emphasis on measurable actions and strategies, underlining our values with metrics that allow us to track our progress and navigate our path forward.

In 2021, we announced ambitious, near-term targets in line with the latest climate science to reduce our own and our clients' environmental footprint, which were approved by the Science Based Targets initiative (SBTi): :

• Reduce absolute scope 1 and 2 greenhouse gas (GHG) emissions across our corporate offices and operations 50% by 2030 from a 2019 base year.
• Engage key clients representing 70% of scope 3 emissions at managed properties to set science-based targets by 2025.

Additionally, we recently announced Cushman & Wakefield is among the first group of companies to have its long-term target of reaching net zero emissions across our entire value chain by 2050 approved through SBTi's Net-Zero Corporate Standard.

To make progress towards these targets, and to expand on the great sustainability services being delivered by our local teams, we formed a Global Sustainability Taskforce. This group will build strategy for key initiatives in our service offerings and our business operations.

Our firm has seen remarkable success, driven by our innovative and talented people. We are dedicated to ensuring an inclusive, safe and rewarding environment that enables them to do their best work and give back to their communities. Per our Global Code of Business Conduct, we operate with high standards of ethics, excellence and integrity. We're also focused on advancing diversity, equity and inclusion (DEI) across our organization and within our industry. We have expanded our DEI metrics in our 2021 ESG Report to hold us accountable to our promise to foster a workforce that embraces diversity and aspires to ensure equity for all.

Looking ahead, I am honored to lead Cushman & Wakefield with our purpose and ESG at the forefront. Having been with this great organization for more than 35 years and taking on the role of CEO at the onset of 2022, I have experienced firsthand the impact we can make together. I invite you to continue reading to learn more.

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RECENT ESG HIGHLIGHTS

ENVIRONMENTAL

Set science-basedtargets, approved by the

Science Based Targets initiative (SBTi), to reach

net zero by 2050

across value chain emissions (scope 1, 2 and 3)

SOCIAL

Spent $580M with 3,100+

diverse suppliers in North America in 2021, a 30%+ increase in spend over 2020   

Women at Cushman & Wakefield

Between 2019 and 2021, achieved:

• 8.6% absolute reduction and 13% reduction per million square feet in scope 1 and 2 (market-based)emissions
• Measurement of relevant scope 3 categories

Formed a Global Sustainability Taskforce to develop strategy around sustainability initiatives

Earned gold-level 'Team Transaction' recognition with client

through the Green Lease Leaders program

GOVERNANCE

International Ethics

Standards (IES) Coalition

Business Supporter

92% of employees completed

our annual Code of Business Conduct training

Board Diversity

	30%
	Racially/
40%	Ethnically
Diverse
Women

TOTAL WORKFORCE	40%
	Compared to 39% in 2020
NEW HIRES	42%
	Compared to 40% in 2020
PEOPLE MANAGERS	42%
	Compared to 42% in 2020
EXECUTIVES	22%
	Compared to 19% in 2020

U.S. Employees

Racially/Ethnically 45%

Diverse

Enhanced and updated our Experience per Square FootTM (XSF) survey tool to deliver more precise, timely insights on the pandemic's impact on wellbeing in the workplace

Completed 66,600+

health and safety training

courses in 2021, amounting

to a total of 36,400+ hours of employee training

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ABOUT CUSHMAN & WAKEFIELD

Cushman & Wakefield is a leading global commercial real estate (CRE) services firm with an iconic brand and approximately 50,000 employees led by an experienced executive team. We operate from over 400 offices in approximately 60 countries, managing over 4.8 billion square feet of CRE space on behalf of institutional, corporate and private clients.

Our Purpose

WE MAKE AN IMPACT.

Our work creates meaningful value for our clients, our business, our shareholders, our people, our communities and world.

Our Values

WE ARE INCLUSIVE.

We value difference and a culture where everyone belongs.

WE ARE DRIVEN.

Drive keeps us decisive and agile.

WE SUCCEED TOGETHER

Individually, we're good, but together, we're great.

WE DELIVER INSIGHT.

We believe in ideas and strive for innovation.

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Corporate Governance

Our Board of Directors is comprised of 10 Directors, eight of whom are independent. Our Board of Directors has three committees: the Nominating and Corporate Governance Committee, the Compensation Committee and the Audit Committee. All Board committees share responsibility for ESG decision-making and the oversight of management's implementation of ESG initiatives.

Across our firm, we seek to integrate ESG factors into our operations, business practices and service offerings. Our Corporate ESG program provides enterprise-level coordination of ESG efforts and is overseen by an executive management team.

In 2022, we formed a new Global Sustainability Taskforce, which will build on the excellent work already being carried out by local teams to develop an actionable strategy around key sustainability initiatives in our service offering and business as part of our broader focus on ESG. The Taskforce will define our vision, ambition and goals to create a framework for achieving measurable progress

in making an impact for our people, clients and planet.

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