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. This total comprises 1,104,000 kg CO2e from Scope 1 emissions, which include 318,000 kg CO2e from mobile combustion and 786,000 kg CO2e from stationary combustion. Scope 2 emissions accounted for approximately 6,525,000 kg CO2e, primarily from purchased electricity. Comparatively, in 2022, Newmark's total emissions were approximately 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. This indicates a slight increase in total emissions from 2022 to 2023. Newmark Group, Inc. does not currently have specific reduction targets or initiatives disclosed, nor does it report on Scope 3 emissions. The company is classified as a current subsidiary, and its emissions data is cascaded from its parent organisation, Newmark Group, Inc. Overall, Newmark Group, Inc. is actively monitoring its carbon footprint, but further commitments or reduction strategies have not been specified in the available data.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 1,591,000 | 0,000,000 |
| Scope 2 | 5,597,000 | 0,000,000 |
| Scope 3 | - | - |
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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.
