Snowflake Surges as AI Boom and Tech Giants Fuel Spending Spree

Buildings are responsible for nearly 40% of global greenhouse gas emissions, but technology innovations can transform them into sustainable assets. Johnson Controls, a 140-year-old company with 100,000 employees, is leveraging efficiency, electrification, and digitalization to make buildings net zero or even net energy positive. The company is nearing completion of its own science-based emissions reduction targets and has achieved significant cuts in emissions and operating costs at its factory in Norman, Oklahoma. Heat pumps are one technology showcasing energy savings with a visible impact, capturing excess heat to eliminate heating needs and reducing energy costs.

Cushman & Wakefield (NYSE: CWK), a leading global commercial real estate services firm, has announced renewed science-based greenhouse gas (GHG) emissions reduction targets, aiming to enhance its climate ambition across operations and client properties worldwide. The new targets, introduced on August 7, 2025, reflect an increased commitment to sustainability and align with the firm's strategic objectives.

Cushman & Wakefield has set the following targets:
- Scope 1 and 2 Emissions Reduction: The company aims to reduce absolute GHG emissions across its corporate offices and operations by 73.1% by 2034, up from its original 50% reduction goal set for 2030.
- Scope 3 Emissions Reduction: For managed client properties, Cushman & Wakefield has introduced a new intensity-based target, aiming to reduce Scope 3 GHG emissions by 66.3% per square foot of managed area by 2034.

The firm maintains its commitment to reaching net-zero emissions across its entire value chain by 2050, adhering to the Science Based Targets initiative (SBTi) Corporate Net-Zero Standard. This commitment includes Scope 1, 2, and 3 emissions.

Jessica Francisco, Cushman & Wakefield's Chief Sustainability Officer, stated, "Since first setting science-based targets in 2021, we’ve worked hard to reduce our operational footprint and help clients decarbonize their buildings. With these renewed targets, we are reaffirming our progress and intent to go further, faster."

The firm intends to report annually on progress toward its 2034 targets through its annual Sustainability Report, in addition to other voluntary and regulatory disclosures. These targets are part of Cushman & Wakefield's broader strategy to mitigate the adverse impacts of climate change and contribute to global sustainability efforts.

References:
[1] https://www.morningstar.com/news/business-wire/20250807717989/cushman-wakefield-announces-renewed-science-based-greenhouse-gas-emissions-reduction-targets
[2] https://www.energetica-india.net/news/bosch-group-acquires-johnson-controls-hvac-business