Newmark Group, Inc.
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 52% 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 set specific reduction targets or initiatives as part of their climate commitments. The company is a current subsidiary of a larger corporate family, and emissions data is cascaded from Newmark Group, Inc. itself, with no additional data sourced from parent organisations. Newmark's emissions intensity was reported at 5,600 kg CO2e per square foot in 2023, reflecting their operational impact. The company has not disclosed any Scope 3 emissions data, which typically includes indirect emissions from the value chain. Overall, while Newmark Group, Inc. has made strides in tracking and reporting emissions, further commitments and reduction strategies are necessary to align with industry standards for climate action.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 1,591,000 | 0,000,000 |
| Scope 2 | 5,597,000 | 0,000,000 |
| Scope 3 | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Newmark Group, Inc. is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
