CONTEXT

Overview

We’re pleased to present our second Annual Climate and Environmental Impact report, where we provide a supplementary look at our annual environmental performance of the past year, alongside our Corporate Responsibility report . This includes the inventory of our greenhouse gas (GHG) emissions and metrics with a year-on-year comparison and review of our climate risks and opportunities and insights of the sustainable impacts of our workplaces.

For a second year we have partnered with our majority shareholder, CBRE, to jointly calculate our GHG emissions, and have had our methods and calculations independently assured by Apex Companies, LLC.

2025 has been another significant year for Turner & Townsend. We completed the merge with CBRE’s PjM business making our companies even more intertwined, significantly growing the Turner & Townsend business both in size and geographical scale of operations. By the end of 2025, we were a business of 22,000+ people across 63 countries.

The contents of this report demonstrate the climate and environmental progress we have made in the past year towards meeting our short- and long-term targets. This has been underpinned by the combined insight and experiences of the Turner & Townsend Corporate Responsibility and CBRE Corporate Sustainability teams.

Together, we achieved our target of 100% renewable energy in corporate operations by 2025 and are now working towards maintaining this target not only through collaboration as two companies, but also through internal cooperation between our various business functions and departments. I am exceptionally proud that in a joint submission to CDP in 2025, we achieved an outstanding, A- score, alongside CBRE, which is a reflection on the improvements we continue to make and strive for.

“We have had a year full of challenges, but great achievements. The successes we have seen in Scope 1 and 2 emissions are truly allowing us to put focus on the complex Scope 3 impacts. Success builds confidence, and there is collective backing to preserve with the drive for a low-carbon future to be the core of our ethos and vision”

James Prime Global Sustainability Lead

BREAKDOWN

Global GHG performance – impact categories

Our most material impacts in our footprint include energy and office impacts, our supply chain, our business travel, and teleworking and commuting.

Our breakdown considers four main themes: Our offices and where we work, what we purchase and who we work with, and how we travel, both commuting to places of work whether Turner & Townsend or a client, and business travel.

Despite our office and travel emissions impacting less than 4% combined, these are essential aspects to address, due to being where people will most engage with our efforts to drive to a low-carbon future.

“The shift I am most proud of is how environmental thinking is now more often embedded in project conversations early, not bolted on at the end. When clients start asking about embodied carbon in the briefing stage, you know the culture is genuinely changing.”

Hans Weemaes Director Sustainability, Asia

OUR JOURNEY

Summary of absolute progress

Our emission profile is closely linked to our Scope 3 impacts, and whilst these have increased since our base year, we’re encouraged that we have seen a significant annual reduction in our Scope 1 and 2 emissions. This decrease is aided mainly by reaching our renewable energy target of 100% procured. In addition, we continue to improve the resource efficiency in our offices and operations.

WHERE WE ARE

GHG impact by intensity measures

Despite a continued period of business growth, we’re encouraged that our carbon performance indicators show some positive changes in how we operate. In GHG intensity by capita we have seen an increase from base year but GHG intensity by net revenue has seen a reduction in intensity from base year, and year-on-year. However, this only tells part of the story. When we analyse this without supply chain emissions, we can see a reduction in impact per capita of around 27% from base year, and impact per £m net revenue is down nearly 75%. This indicates positive trends through our resource efficiency measures, people mobility and how we operate.

RESILIENCE

Climate risks and opportunities

Assessing our climate-related transition risks, and related physical risks.

IIn adherence with the Task-force on Climate related Financial Disclosure (TCFD) framework, we’ve reviewed both physical and transition risks (see Turner & Townsend’s 2026 Climate Transition Strategy).

There are more frequent and severe extreme weather events and chronic changes to weather patterns and sea levels due to the impacts of climate change. These have the potential to pose risks to our business and our employees.

We partnered with CBRE and a third-party climate risk specialist to analyse our physical risks across our office portfolio.