Commercial Real Estate Services Firms Go Deeper on ESG Offerings

Not even the precarious economic climate is dissuading the commercial real estate industry from maintaining a commitment to ESG. Leading commercial real estate services firms like JLL, CBRE, Cushman & Wakefield, and Colliers are making a big push to address worldwide ESG objectives, including the 45 percent reduction in global greenhouse gas emissions by 2030, by enhancing client services and setting their own goals internally. With the clock ticking, these firms must constantly reevaluate whether they’re doing enough to support the real estate industry’s role in meeting ESG standards.

Services firms find that the building owners, managers, and tenants relying on their services are thirsty for guidance in the ESG arena. “What we are seeing is that many of our clients have super ambitious ESG targets,” Christian Ulbrich, CEO of JLL, said during the company’s fourth quarter 2022 earnings call on February 28, 2023. “That whole notion around the E of the ESG is driving a lot of activity from our clients.”

JLL, CBRE, Cushman & Wakefield, and Colliers are enhancing their ESG platforms in many ways, but one common method they have been actively pursuing is enhancing ESG leadership. JLL recently tapped a 10-year veteran in the energy infrastructure sector to take on the role of Vice President of Energy Resilience for the firm’s Clean Energy and Infrastructure Advisory team. The new team member, who will help guide clients on energy and sustainability endeavors, is tasked with developing an energy resilience business that will serve as a platform for implementing distributed

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