Newmark Group, Inc. Sustainability Profile
Newmark Group, Inc., commonly referred to as Newmark, is a leading commercial real estate services firm headquartered in the United States. Established in 1929, Newmark has evolved into a prominent player in the industry, with a strong presence across major operational regions including New York, Los Angeles, and Chicago. Specialising in a diverse range of services such as property management, investment sales, and leasing, Newmark distinguishes itself through its innovative approach and commitment to client success. The firm has achieved significant milestones, including strategic acquisitions that have bolstered its market position. With a reputation for excellence and a comprehensive suite of services, Newmark continues to set benchmarks in the commercial real estate sector.
DitchCarbon Score
How does Newmark Group, Inc.'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Real Estate Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Newmark Group, Inc.'s score of 25 is lower than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Newmark Group, Inc.'s reported carbon emissions
In 2023, Newmark Group, Inc. reported total carbon emissions of approximately 7,629,000 kg CO2e, comprising 1,104,000 kg CO2e from Scope 1 emissions and 6,525,000 kg CO2e from Scope 2 emissions. The Scope 1 emissions included 318,000 kg CO2e from mobile combustion and 786,000 kg CO2e from stationary combustion. In comparison, the 2022 emissions were about 7,188,000 kg CO2e, with Scope 1 emissions at 1,591,000 kg CO2e and Scope 2 emissions at 5,597,000 kg CO2e. Despite these figures, Newmark Group, Inc. has not disclosed any specific reduction targets or initiatives as part of their climate commitments. The company is a current subsidiary of Newmark Group, Inc., and all emissions data is directly sourced from their reporting. The absence of Scope 3 emissions data indicates a potential area for future focus in their sustainability strategy.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 1,591,000 | 0,000,000 |
| Scope 2 | 5,597,000 | 0,000,000 |
| Scope 3 | - | - |
How Carbon Intensive is Newmark Group, Inc.'s Industry?
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Newmark Group, Inc.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Newmark Group, Inc. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
