Dallas – Oct. 2, 2024 – As part of its drive to accelerate decarbonization and improve energy efficiency, CBRE has partnered with Johnson Controls to expand access to turnkey efficiency upgrades and retrofit opportunities that do not require a capital outlay in markets in Continental Europe, the Middle East, Asia and the Pacific.

CBRE and Johnson Controls are simplifying the complexity of sustainability programs across clients’ commercial real estate assets by combining scoping, development, funding, execution and performance monitoring into one program.

Financing for sustainability and energy efficiency projects will be available from Johnson Controls for CBRE-led projects in countries in Continental Europe, the Middle East, Asia and the Pacific, augmenting and supporting existing CBRE capabilities.

On average, buildings generate nearly 40% of global carbon emissions and consume over 30% of all energy.¹ And while average building energy intensity fell by 14%² globally from 2010 to 2022, the aging of commercial properties will increase the need for scalable sustainability and efficiency programs. This is especially true when considering 80% of buildings that will be occupied in 2050³ already exist, which means they will need upgrades and retrofits to meet future efficiency goals.

“Reducing carbon emissions across a real estate portfolio is an increasingly complex undertaking. Clients look to CBRE to simplify the challenges so they can reach their sustainability goals faster. This partnership eliminates the need for upfront capital that’s required to optimize building performance and drive cost savings,” said Robert Bernard, CBRE’s chief sustainability officer. “Working with Johnson Controls strengthens our ecosystem of partners and expands the programs we’re already driving for clients in North America and the United Kingdom, enabling local and global solutions.”

“One of the challenges in driving sustainability is overcoming the perception that sustainability means compromising other investments. This partnership will demonstrate that achieving business and net zero goals go hand in hand,” said Katie McGinty, Johnson Controls vice president and chief sustainability and external relations officer. “We are excited to work with CBRE to provide innovative financing solutions and help their customers start realizing cost savings and sustainability benefits quickly.”

Learn more about CBRE’s sustainability solutions here.

Contact:
Sara Johnston
+1 303 264 1912
sara.johnston@cbre.com

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2023 revenue). The company has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

About Johnson Controls
At Johnson Controls (NYSE:JCI), we transform the environments where people live, work, learn and play. As the global leader in smart, healthy and sustainable buildings, our mission is to reimagine the performance of buildings to serve people, places and the planet.

Building on a proud history of nearly 140 years of innovation, we deliver the blueprint of the future for industries such as healthcare, schools, data centers, airports, stadiums, manufacturing and beyond through OpenBlue, our comprehensive digital offering.

Today, with a global team of 100,000 experts in more than 150 countries, Johnson Controls offers the world`s largest portfolio of building technology and software as well as service solutions from some of the most trusted names in the industry.

Visit www.johnsoncontrols.com for more information and follow @Johnson Controls on social platforms.