CB Richard Ellis achieves carbon neutrality

July 07, 2011

CB Richard Ellis Group says it achieved carbon neutrality for its 2010 global operations and claims to be the first global commercial real estate services firm to become carbon neutral. The company set itself the goal of going neutral by 2010 as part of its Environmental Stewardship policy, which was rolled out in 2007.

The company hit the target by by implementing carbon mitigation programs, such as green leasing standards and sustainable operation protocols, and then offsetting the remainder by investing in carbon mitigation projects, such as conservation-based forest initiatives, landfill methane destruction and sustainability projects in emerging economies.

For 2010, the company offset more than 50,000 metric tons of emissions. All certified carbon offsets purchased, though either JP Morgan Climate Care or 3Degrees, were from socially responsible projects around the globe.

"As the world's largest third party manager of commercial property, with a 2.9 billion square foot global portfolio, we can have an out-sized impact on the environment by helping our clients lower energy consumption, improve efficiency and reduce emissions," said Brett White, chief executive officer of CB Richard Ellis. "One of the best ways we can demonstrate our expertise is to lead by example in our own operations."

The firm measures its carbon footprint annually using the World Resources Institute's Greenhouse Gas Protocol, an internationally accepted standard. The 2010 carbon measurement included all global emissions from sources controlled or owned by CB Richard Ellis, including its global fleet of vehicles, and direct electricity consumption. In Australia, where carbon neutrality is defined by federal legislation, the measurement also includes emissions resulting from company activities that the firm does not directly control, such as corporate travel.