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 39 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Newmark Group, Inc.'s reported carbon emissions
In 2023, Newmark Group, Inc. reported total carbon emissions of approximately 216,000 kg CO2e from Scope 2, 42,000 kg CO2e from Scope 1, and 73,000 kg CO2e from Scope 3. This reflects a significant reduction in emissions compared to 2019, where emissions were recorded at 338,000 kg CO2e for Scope 2, 84,000 kg CO2e for Scope 1, and 115,000 kg CO2e for Scope 3. Looking ahead to 2024, Newmark anticipates an increase in Scope 3 emissions to 615,000 kg CO2e, driven primarily by business travel (187,000 kg CO2e) and purchased goods and services (302,000 kg CO2e). Despite this projected increase, the company has made strides in reducing its Scope 1 and Scope 2 emissions, with targets for 2024 set at 33,000 kg CO2e and 212,000 kg CO2e, respectively. Currently, Newmark has not disclosed any specific reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges. However, the company continues to monitor and report its emissions, demonstrating a commitment to transparency in its climate impact.
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Get Started| 2019 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 84,000 | 00,000 | 00,000 |
| Scope 2 | 338,000 | 000,000 | 000,000 |
| Scope 3 | 115,000 | 00,000 | 000,000 |
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 committed to any reduction initiatives 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.
