EcoVadis helps us manage our network both upstream and downstream, either by sharing our performance with our stakeholders and monitoring the performance of our own upstream value chain.
"CBRE GROUP INC is in the top 2% of companies rated by Eco Vadis in the Real Estate activities industry."
In 2021, CBRE Earned an Ecovadis Gold performance medial scoring in the 98th percentile. We shared 130 clients.
Earlier this year, CBRE released its 2020 Corporate Responsibility Report, which highlights the company’s accomplishments as a commercial real estate industry leader in environmental, social and governance (ESG) matters. The report can be accessed at www.cbre.com/responsibility.
CBRE’s ESG performance recently earned the company a spot on the FTSE4Good Index for the eighth consecutive year. CBRE is ranked #22 on the 2021 Barron’s 100 Most Sustainable Companies list. The company is ranked #24 overall and is the top-ranked real estate company on 3BL Media’s 100 Best Corporate Citizens of 2021.
Performance of our own upstream value chain
In the meantime, CBRE continued our partnership with EcoVadis to embed sustainability ratings into the CBRE procurement process globally. EcoVadis rates suppliers on 21 corporate social responsibility (CSR) indicators and provides scorecards based on the rating results to help companies monitor CSR practices in their supply chain. The platform helps us benchmark against our industry, reduce risk, drive performance and improve environmental and social outcomes.
CBRE’s goal is to engage with up to 10,000 suppliers via EcoVadis in three years. In 2020, CBRE used EcoVadis to rate 190 suppliers. Our suppliers’ average score of 54.5 points was around 10 points above CBRE’s minimum score expectation of 45, and 13 ahead of the national average. Although it is not mandatory for our suppliers, those that pass the minimum expected EcoVadis score of 45 will have their scorecard available in mySupplier and be tagged as a “Sustainable Supplier.” This allows us to prioritize suppliers with a strong sustainability score and guide spend towards them. In addition to using EcoVadis to rate CBRE’s suppliers, CBRE itself is rated by EcoVadis and our scorecard is available to our clients and customers upon request.