In 2024, Newmark Group completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources) and Scope 2 (indirect emissions from purchased energy).
However, Newmark Group has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 950a | 1,137a | 1,632a | |
Total Scope 2 | ||||
Location-Based | 5,930a | 6,736a | 5,813a | |
Total Scope 3 | N/A | N/A | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.3469a | 0.4603a | 0.6032a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Newmark Group amounted to 6,880 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Newmark Group decreased by 12.61%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Newmark Group were 950 metric tons of CO₂ equivalent (tCO₂e).a
Since 2022, Newmark Group's Scope 1 emissions have decreased by 41.79%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Newmark Group's Scope 1 emissions decreased by 16.45%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Newmark Group reported Scope 2 greenhouse gas (GHG) emissions of 5,930 tCO₂e using the location-based method.a
Since 2022, Newmark Group's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have remained relatively stable, indicating that Newmark Group's emissions have plateaued with no significant change in its energy consumption footprint.a
Compared to the previous year (2023), Newmark Group's Scope 2 emissions (Location-Based) fell by 11.97% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, Newmark Group reported its Scope 2 emissions using the location-based method.a
In 2024, Newmark Group reported Scope 1 greenhouse gas (GHG) emissions of 950 tCO₂e and total revenues of USD 2,739 millions. This translates into an emissions intensity of 0.35 tCO₂e per millions USD.a
In 2024, Newmark Group reported a Scope 1 emissions intensity of 0.35 tCO₂e per millions USD. Compared to the peer group median of 3.83, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Newmark Group ranked 3 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Newmark Group among the top performers, with one of the lowest emissions intensities relative to peers.a