Colliers' 2024 Global Sustainability Report showcases progress in sustainability targets and introduces the Built to Last strategy.
Quiver AI Summary
Colliers has published its 2024 Global Sustainability Report, highlighting the company's significant achievements in sustainability since 2021 and introducing its refreshed sustainability strategy, Built to Last. The new strategy, shaped by a recent materiality assessment, focuses on three pillars: environmental sustainability, workplace experience, and ethical governance. Key accomplishments include a 27.6% reduction in emissions, WELL Health-Safety Ratings in 87.4% of offices, and a five-fold increase in their electric vehicle fleet. Tonya Lagrasta has been appointed as the Global Head of Sustainability to lead the implementation of this strategy. The report underscores Colliers' commitment to helping clients meet sustainability goals while driving positive impacts within their own operations.
Potential Positives
- Colliers achieved a 27.6% reduction in Scope 1 and 2 emissions per square foot from the 2021 baseline, indicating significant progress in environmental sustainability.
- The company's expansion of its electric vehicle fleet to over 170 vehicles marks a 5x increase in just two years, showcasing a strong commitment to sustainable transportation.
- Colliers earned WELL Health-Safety Ratings in 87.4% of its offices, demonstrating an enhanced focus on workplace health and safety compared to only 35% in 2022.
- Appointment of Tonya Lagrasta as Global Head of Sustainability signifies a dedicated leadership focus on integrating sustainability into the company’s operations and long-term strategy.
Potential Negatives
- Lack of specificity regarding future targets and how the new strategy, Built to Last, will translate into measurable outcomes beyond the current achievements.
- Potential overemphasis on existing successes without addressing any challenges or shortcomings in the company's sustainability efforts or overall operations.
- Appointment of a new Global Head of Sustainability may indicate previous deficiencies in sustainability leadership or strategy, raising concerns about past performance in this area.
FAQ
What is the focus of Colliers' 2024 Global Sustainability Report?
The report highlights Colliers' achievements in sustainability and introduces their refreshed strategy, Built to Last.
How did Colliers perform on their emissions reduction goals?
Colliers achieved a 27.6% reduction in Scope 1 and 2 emissions per square foot from their 2021 baseline.
What is the Built to Last sustainability strategy?
Built to Last is Colliers’ updated sustainability strategy aimed at addressing key environmental, social, and governance challenges.
Who is the new Global Head of Sustainability at Colliers?
Tonya Lagrasta has been appointed as the Global Head of Sustainability, bringing over 20 years of experience.
Where can I find the full 2024 Global Sustainability Report?
The full report is available at www.colliers.com/sustainability.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$CIGI Hedge Fund Activity
We have seen 87 institutional investors add shares of $CIGI stock to their portfolio, and 103 decrease their positions in their most recent quarter.
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- NEUBERGER BERMAN GROUP LLC added 516,652 shares (+80.3%) to their portfolio in Q1 2025, for an estimated $62,669,887
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- DURABLE CAPITAL PARTNERS LP added 328,430 shares (+12.4%) to their portfolio in Q1 2025, for an estimated $39,838,559
- MACKENZIE FINANCIAL CORP removed 208,182 shares (-34.6%) from their portfolio in Q1 2025, for an estimated $25,252,476
- WARATAH CAPITAL ADVISORS LTD. removed 167,324 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $20,296,401
- CAISSE DE DEPOT ET PLACEMENT DU QUEBEC removed 138,125 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $18,780,856
- AMERIPRISE FINANCIAL INC added 136,871 shares (+39.9%) to their portfolio in Q1 2025, for an estimated $16,602,452
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$CIGI Analyst Ratings
Wall Street analysts have issued reports on $CIGI in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Scotiabank issued a "Outperform" rating on 05/07/2025
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Full Release
TORONTO, June 11, 2025 (GLOBE NEWSWIRE) -- Colliers (NASDAQ and TSX: CIGI) released its 2024 Global Sustainability Report , highlighting the firm’s achievements and progress against targets established in 2021. The report also offers a first look at Colliers’ refreshed sustainability strategy, Built to Last , which is based on an updated materiality assessment conducted in the first quarter of 2025. The strategy is designed to align Colliers’ priorities with today’s most pressing environmental, social, and governance challenges and opportunities, anchored around three core pillars:
- Environmental sustainability: Supporting decarbonization and climate resilience
- Workplace experience: Creating inclusive, healthy, high-performing spaces
-
Ethical governance & practices:
Embedding trust, transparency, and responsible innovation
“As a global provider of real estate, engineering and investment management services, we are in a unique position to help owner, investor and occupier clients realize their sustainability aspirations while driving the same positive impact for our own operations,” said Jay Hennick, Global Chairman & CEO of Colliers. “I'm proud of our 2024 performance and remaining agile in our approach to what’s next. I look forward to continuing our journey toward a more sustainable future though Built to Last.”
Highlights from the 2024 report include:
- Achieved a 27.6% reduction in Scope 1 and 2 emissions per square foot from our 2021 baseline.
- Earned WELL Health-Safety Ratings in 87.4% of Colliers offices ≥ 2,500 sq. ft., up from 35% in 2022.
- Expanded our electric vehicle fleet to 170+, representing a 5x increase in just two years.
- Reached 88% participation in our global employee engagement survey, with scores exceeding external benchmarks.
-
68% of our Colliers Gives volunteering goal achieved.
To support the next phase of our sustainability leadership, Tonya Lagrasta has been appointed Global Head of Sustainability at Colliers. A long-time sustainability leader and trusted advisor within our business, Tonya brings more than 20 years of experience across sectors including commercial real estate, retail, consumer goods, financial services, pharmaceuticals, and the public sector. In this role she will spearhead the implementation of Built to Last and drive integration of sustainability across Colliers.
“Sustainability is a reflection of our values in action, and a pathway to long-term resilience,” said Lagrasta. “Built to Last reflects where we are today – and more importantly, where we’re going. I’m energized by our people’s passion and proud to help lead this next chapter of impact.”
The full 2024 Global Sustainability Report is available at www.colliers.com/sustainability .
About Colliers
Colliers (NASDAQ, TSX: CIGI) is a global diversified professional services and investment management company. Operating through three industry-leading platforms – Real Estate Services, Engineering, and Investment Management – we have a proven business model, an enterprising culture, and a unique partnership philosophy that drives growth and value creation. For 30 years, Colliers has consistently delivered approximately 20% compound annual returns for shareholders, fueled by visionary leadership, significant inside ownership and substantial recurring earnings. With nearly $5.0 billion in annual revenues, a team of 23,000 professionals, and more than $100 billion in assets under management, Colliers remains committed to accelerating the success of our clients, investors, and people worldwide. Learn more at corporate.colliers.com , X @Colliers or LinkedIn .
Media Contact
Andrea Cheung
Senior Manager, Global Integrated Communications
+1 416 324 6402
[email protected]