Newmark : 2024 Corporate Responsibility Report
NMRK
Published on 04/21/2026 at 10:16 am EDT
2024
CORPORATE
RESPONSIBILITY REPORT
Contents
Section 01 | Introduction 04
About This Report 05
CEO/Chairman Letter 06
About Newmark 08
Our Fundamental Values 08
Our Shared Purpose Framework 09
2024 Highlights 10
Serving Our Clients 10
Empowering our Employees 10
Bettering Our Environment 10
Engaging with our Communities 10
Section 02 | Structuring for Success 12
Leadership and Board 13
Corporate Governance Policies 14
New U.S. Policies in 2024 14
Policies Updated in 2024 14
Risk Management in the U.S. 15
Focus on Our Internal Control Environment 15
Business Continuity and Resiliency 16
Cybersecurity Program 17
Data Privacy Program 17
Section 3 | Serving our Clients 18
Newmark's Commitment to Excellence 19
Environmentally Focused Client Services 19
Client-Focused RFPs 19
Multifamily Financing Leadership in 2024 20
Energy and Sustainability Services Team 21
Advancing Client Projects in 2024 24
Newlitics ESG App 24
Supporting the United Nations' Moon Shot Initiative 24
ESS Team Client Projects In 2024 25
Corporate Responsibility at Newmark France 26
Energy Performance Certificate Uprating in the UK 28
Sustainable Industrial Refurbishment at Pegasus House, UK 30
Redevelopment Project for Fabrix London Limited 31
Supporting Lazari Investments Limited with Brunswick Centre, London 33
Section 4 | Empowering our Employees 34
Our Employees 35
Attracting and Retaining Top Talent in the U.S. 35
Talent Development 36
Employee Engagement 38
Safe and Healthy Work Environment in the U.S. 39
Well-being in the UK 40
Maximizing Opportunities for All Employees 40
Equal Employment Opportunities 40
Our Ways of Working 41
Section 5 | Bettering our Environment 44
Environmentally Focused Internal Operations 45
Primary Objectives 45
Our 2024 GHG Emissions, Energy and Water Performance 47
Supporting Environmental Policies 48
Green Building Certifications 49
Case Study: Our UK Offices 50
Our Progress in the UK and Europe 51
Streamlined Energy and Carbon Reporting 51
Energy consumption and GHG emissions in UK and Europe 51
Section 6 | Engaging with our Communities 54
Community Investment 55
Charitable Practices 55
Boston Children's Hospital 55
City of Hope 56
Breakthrough T1D 56
Cantor Fitzgerald Relief Fund 56
Paid Volunteer Time-Off Program 57
Volunteering in the UK: Giving Back to Communities 57
Charity Partnerships in the UK 57
Capturing our Impact 58
Case Study: Newmark Colombia's Partnership with the Pintando Caminos Foundation 59
Engaging the Next Generation 60
Project Destined 60
Summer Internship Programs Across the U.S. 60
Our progress in the UK and Europe 61
UK School Outreach Program 61
Additional Early Career Engagement 61
Section 7 | Reporting and Disclosures 62
GRI Index 63
TCFD Disclosure 66
Section 8 | Appendix 72
Corporate Governance Policies and Practices 73
Introduction
BETTERING OUR ENVIRONMENT ENGAGING WITH OUR COMMUNITIES REPORTING AND DISCLOSURES
Section 01
About This Report
This report is provided by Newmark Group, Inc. and its subsidiaries (together, "Newmark," "the Company," "our," or "we") based on activities in the twelve months ended December 31, 2024, unless otherwise noted. Data included in this report is provided on a metric-by-metric basis. This report reflects both client services and key corporate responsibility metrics relevant to Newmark's business.
In March of 2023, Newmark acquired Gerald Eve LLP, a UK-based real estate advisory firm. As of January 2025, Gerald Eve began operating under the Newmark brand. This report is the first combined publication following the acquisition of Gerald Eve and reflects our continued alignment of corporate responsibility reporting across our global platform. In some cases, when indicated, reporting is regional or limited to particular businesses or geographies.
Unless otherwise stated, any discussion of Newmark's UK business includes only the operations of Newmark Gerald Eve LLP, Newmark HDH Limited, and Newmark BH2 LLP.
VANCOUVER SEATTLE
SAN FRANCISCO
DENVER
CHICAGO
TORONTO
BOSTON NEW YORK
WASHINGTON DC
LONDON BIRMINGHAM
LEEDS MANCHESTER
MILTON KEYNES WEST MALLING
GLASGOW DUBLIN
CARDIFF
PARIS
LYON BRUSSELS
AMSTERDAM
BERLIN
WROCLAW
TRICITY
WARSAW KRAKOW
BUDAPEST FRANKFURT
LOS ANGELES
DALLAS
MONTERREY MEXICO CITY
HOUSTON
ATLANTA
MIAMI
SAN JUAN
TEL AVIV
JERUSALEM BE'ER SHEVA HAIFA
HERZLIYA REHOVOT
DUBAI
HYDERABAD CHENNAI
HONG KONG
SAN JOSÉ
PANAMA CITY BOGOTA
SINGAPORE
LIMA
SÃO PAULO RIO DE JANEIRO
SANTIAGO
BUENOS AIRES
Updated: December 2025
BETTERING OUR ENVIRONMENT ENGAGING WITH OUR COMMUNITIES REPORTING AND DISCLOSURES
As a leading global commercial real estate services company and one of the fastest-growing firms in the sector1, Newmark understands that strong corporate responsibility practices are essential to long-term business
performance and central to maintaining the trust of our stakeholders. Our sustained growth over the past decade has been supported by disciplined governance, strategic partnerships, and a commitment to generating longterm value for Newmark, our stakeholders and our clients.
CEO/Chairman Letter
Corporate responsibility is embedded in how Newmark operates and delivers for clients. As the platform grows globally, Newmark remains focused on governance, integrity, and aligning its practices to long-term value creation.
Barry M. Gosin
Chief Executive Officer
2024 Corporate Responsibility Report | Newmark
Chairman of Newmark & Company Real Estate, Inc.
Our 2024 Corporate Responsibility Report reflects our ongoing commitment to advancing corporate responsibility across our platform. Key highlights of this work include:
Recognition by the International Association of Outsourcing Professionals in the 2023 and 2024 Global Outsourcing 100® for the 15th and 16th Consecutive Year, reflecting our standing as one of the world's top outsourcing service providers.
Approval of Newmark's first Environmental Management System (EMS), establishing a structured framework to track and reduce environmental impacts, enhance operational efficiency, and meet evolving client and market expectations.
Submitted Newmark's inaugural CDP climate disclosure (formerly the Carbon Disclosure Project) in September 2025, reflecting increased alignment with global reporting expectations.
Silver Tenant designation awarded by the Green Lease Leaders program, recognizing our commitment to integrating performance-based sustainability clauses into our own landlord tenant lease agreements.
Grounded in strong values, Newmark remains committed to advancing business-oriented corporate responsibility policies and practices embedded across our operational standards, daily business activities and overall corporate strategy. As our global platform continues to expand, our integrated service otferings, including sustainable business solutions that support performance, compliance, and long-term value, position us to create measurable value for clients while supporting the communities in which we operate.
We view corporate responsibility as a core driver of Newmark's continued growth and a key part of our contribution to a more resilient and high-performing commercial real estate industry.
Thank you for your continued partnership and trust.
Barry M. Gosin
Chief flxecutive Officer | Chairman of Newmark & Company Real flstate, Inc.
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1 Please note the following: with respect to any revenue or earnings comparisons versus "the industry", "sector", "competitors", and/or "peers": (i) Newmark's 2011 results are based on unaudited full year 2011 Total Revenues for Newmark & Company Real Estate, Inc. ("Newmark & Co."). 2011 is the year Newmark was acquired by our former parent company, BGC Partners, Inc. ("BGC", which is now known as BGC Group, Inc.). BGC facilitated our initial public otfering ("IPO") in 2017 and spun us otf in 2018. (ii) The peers included in the 2011 through 2024 compound annual growth rate ("CAGR") are U.S. tickers CBRE, CIGI, JLL, MMI, and WD (in USD), and U.K. ticker SVS (using GBP). These companies generated total revenue CAGRs of between approximately 7% and 17%, or a simple mean of 13%, from 2011 through 2024. Only some of these peers reported net or fee revenues consistent with more recent methodology during this period; therefore, one cannot use these revenue metrics in calculations for periods prior to 2019. In addition, U.S. ticker CWK did not report revenues for periods before 2015 and is therefore excluded.
INTRODUCTION STRUCTURING FOR SUCCESS SERVING OUR CLIENTS EMPOWERING OUR EMPLOYEES
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended December 31, 2025, Newmark generated revenues of nearly $3.3 billion. As of December 31, 2025, Newmark and its business partners together operated from approximately 175 offices with over 9,300 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.
Our Fundamental Values
Newmark is an organization built on strong values, employee engagement and ownership. At our core, we are committed to our employees by providing them with an opportunity to participate in our success. We believe that by cultivating a dynamic mix of people and ideas, we enrich the performance of our businesses, the experiences of our employee base, and the level of engagement in the communities in which we operate. We value hard work, innovation, entrepreneurship, superior client service, strong ethics and governance, and equal employment opportunity. Further, philanthropy is woven into our corporate culture. We believe these values foster sustainable, profitable growth. We strive to be responsible corporate citizens and honor high ethical principles in our interactions with other businesses, our employees and the communities in which we live and work.
BETTERING OUR ENVIRONMENT ENGAGING WITH OUR COMMUNITIES REPORTING AND DISCLOSURES
Our Shared Purpose Framework
Corporate responsibility is embedded into how we operate and grow, and reflects our commitment to contributing meaningfully to the communities we serve and to the common good.
We believe our business-focused corporate responsibility, governance, and environmental and sustainability-related policies and practices support our etforts to be an exemplary corporate citizen, creates and create sustainable longterm value for Newmark, our stockholders, our clients, employees, and other stakeholders. We believe this helps us mitigate risks, reduce costs, protect brand value, and capitalize on market opportunities. As Newmark continues to expand globally, we expect that our corporate responsibility programs will add value and enhance the sustainable business solutions we otfer for our clients and positively impact the communities in which we and our clients operate.
Through our framework, Our Shared Purpose, we set out how we advance meaningful outcomes for our clients, people, and communities, while working to reduce our environmental impact.
Through our corporate responsibility governance, we provide the structure needed to drive progress and support the long-term success of our corporate responsibility etforts across the business. This framework is built around four core pillars, Serving Our Clients, Empowering Our Employees, Bettering Our Environment, and Engaging with Our Communities, which guide both our etforts and the structure of this report.
- Structuring for Success
Our Corporate Responsibility Executive Committee monitors our ambitions across the business.
Serving our Clients:
Empowering clients by developing strategies that align with their business and sustainability goals.
Bettering our Environment:
Collaboratively reducing energy demand and carbon emissions, both internally and with clients, to minimize environmental and climate impact.
Empowering our Employees:
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2024 Corporate Responsibility Report | Newmark
Fostering an inclusive culture of employee engagement, opportunity, supporting development, success and excellence to enable all our people to reach their potential.
Engaging with our Communities:
Uplifting communities through philanthropy and engagement, creating meaningful positive contributions.
INTRODUCTION STRUCTURING FOR SUCCESS SERVING OUR CLIENTS EMPOWERING OUR EMPLOYEES
BETTERING OUR ENVIRONMENT ENGAGING WITH OUR COMMUNITIES REPORTING AND DISCLOSURES
2024 Highlights
Serving Our Clients
Recognized for excellence in Delegated Underwriting and Servicing (DUS) performance
Empowering our Employees
9,926+ individual safety learning and development sessions completed
Access to 1,000+ safety awareness courses via online platform
Bettering Our Environment
2024 Corporate Responsibility Report | Newmark
Awarded in 2024 for embedding performance-based sustainability clauses into lease agreements
Baselined GHG emissions across the UK and Europe
Engaging with our Communities
Supported approximately 200 community-based organizations across the United States
Started reporting our UK Social Value contributions in line with the National TOM framework
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Section 02
Structuring for Success
Leadership and Board
With an established Board-level Corporate Responsibility Committee, Corporate Responsibility Executive Committee and Champions Council in the U.S., Newmark's leadership guides its corporate responsibility strategy to ensure the Company's sustainable practices are achievable and implemented across the business.
Our Board-level Corporate Responsibility Committee provides oversight with respect to our corporate responsibility policies and practices. With the Board's and the Corporate Responsibility Committee's oversight, we are embedding social and human capital, employment, environmental, sustainability, charitable and corporate governance policies and practices into our corporate strategy, compensation, disclosure, and goals to maintain and advance long-term value for our investors and other stakeholders.
Across the UK and Europe, the Managing Partner - Head of UK Operations has overall responsibility for the firm's corporate responsibility etforts, reporting to the U.S. Corporate Responsibility Executive Committee and senior management. The Head of ESG, reporting directly to the Managing Partner - Head of UK Operations, oversees the day-to-day implementation and performance tracking of these corporate responsibility etforts.
With the support of a Corporate Responsibility Governance Group, the Head of ESG provides quarterly updates to the UK Operations and Strategy Board.
Newmark's Board of Directors and management value ongoing engagement with investors year-round, gaining insights on a broad range of topics including strategy, financial performance, executive compensation, corporate governance, human capital management, including inclusion and equal employment opportunity, and environmental and social goals. Investor feedback informs the Board's ongoing review of governance and compensation practices.
Newmark conducts its business with integrity, fully complying with all applicable laws and regulations, while upholding our values, ethical standards and professional expectations.
2024 Corporate Responsibility Report | Newmark
Board-level Corporate Responsibility Committee (U.S.)
Corporate Responsibility Executive Committee (U.S.)
Champions Council (U.S.)
Strategy and Operations Board (U.K.)
Corporate Responsibility Governance Group (U.K.)
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Risk Management in the U.S.
Newmark remains vigilant in addressing the evolving risks across today's business landscape. Our Board of Directors meets at least annually with our senior risk officer to review and evaluate our enterprise risk framework, risk management policies and practices, credit and risk mitigation policies and practices, and other related issues. These etforts complement our broader climate risk strategy, as outlined in our new Task Force on Climate Related Financial Disclosures (TCFD) index section, and support our preparedness for responding to climate disclosure frameworks such as CDP.
Focus on Our Internal Control Environment
As described more fully in its charter, the primary function of the Audit Committee is to assist our Board of Directors in its general oversight of the Company's financial reporting, internal control over financial reporting and audit process. Management is responsible for the preparation, presentation and integrity of the Company's financial statements, accounting and financial reporting principles, internal control over financial reporting, disclosure controls, and procedures designed to maintain compliance with accounting standards, applicable laws and regulations.
Our overall control environment is a focal point for our management, the Audit Committee and the Board. With this focus and with the oversight of the Audit Committee and the Board, management regularly enhances our overall control environment.
Corporate Governance Policies
Our commitment to good corporate governance policies and practices is demonstrated by our Corporate Governance Guidelines, our rigorous Code of Ethics, the charters of the Audit, Compensation and Corporate Responsibility Committees of our Board, our Insider Trading Policy, our Policy Statement on Hedging ("Hedging Policy"), our Clawback Policy and our other corporate governance policies and practices summarized in the Appendix. Some highlights of our corporate governance policies and practices include the following:
Board-level Corporate Responsibility Committee
Insider Trading Policy, including prohibitions against trading while in possession of material, non-public information
Clawback Policy for Incentive-Based Compensation
Robust annual review and oversight of Code of Ethics responses
Succession planning and leadership development of executive officers and potential senior managers having significant responsibility for business areas
Annual review of our corporate governance policies and practices
New U.S. Policies in 2024
U.S. Diversity and Inclusion Policy
Outlines Newmark's values and commitment to diversity and inclusion in the workplace in the U.S., including with respect to recruiting and hiring practices, fair and equal pay, learning and development, and the consequences and expectations with respect to compliance.
Human Rights Policy
2024 Corporate Responsibility Report | Newmark
Affirms Newmark's commitment to maintaining the highest ethical standards and protecting the rights and enhancing the welfare of our employees and contractors, clients and the wider communities in which we operate. The policy covers freedom from discrimination and harassment, fair wages and working hours, safe and healthy working environments, freedom of association, and the prohibition of child labor, slavery and forced labor. It also outlines expectations for policy implementation, reporting violations, protection against retaliation, and ongoing compliance.
Policies Updated in 2024
Several policies were revised in 2024 to enhance alignment with regulatory expectations and business objectives. Please refer to the Appendix for a full list of updated corporate responsibility policies and summaries.
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INTRODUCTION STRUCTURING FOR SUCCESS
SERVING OUR CLIENTS
EMPOWERING OUR EMPLOYEES
BETTERING OUR ENVIRONMENT ENGAGING WITH OUR COMMUNITIES
REPORTING AND DISCLOSURES
Cybersecurity Program
We are committed to combating the global threat of cyberattacks and securing our business through our information security programs that enable us to operate with confidence, through a deep understanding of cybersecurity risks, vulnerabilities, mitigations, and threats. These processes are managed by our cybersecurity team headed by our Chief Information Security Officer and supported by our business continuity teams. We conduct periodic internal and external vulnerability audits and assessments and penetration testing and provide periodic cybersecurity training to employees. Further information on these processes can be found in our global Cybersecurity Program Policy Statement, which was updated in 2024 and 2025.
Business Continuity and Resiliency
Business Continuity Management (BCM) is the organization's strategic and tactical plan for anticipating, responding to, and recovering from disruptive incidents, ensuring that critical operations can continue at a predefined, acceptable level with minimal interruption.
The services include:
Data Privacy Program
We have a global data privacy program policy statement, which was updated in 2024, and is applicable to all subsidiaries and business lines. We are committed to conducting our business in line with the right to privacy set forth in the Universal Declaration of Human Rights (Article 12). As such, we are committed to handling personal data responsibly and recognize the privacy rights of persons involved in our business dealings. Our policy provides a mechanism for data subjects to raise concerns about personal data and privacy as well as the right of access to personal information, the right to correct or amend such information and the right to request
deletion of such personal information.
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BCM monitors multiple threat intelligence providers daily to assess the safety of our statf and properties. Following escalation, BCM oversees the full Incident Management lifecycle, Review, Respond, and Resume, coordinating with HR, Facilities, and Technology to support impacted teams and ensure safety.
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2024 Corporate Responsibility Report | Newmark
2024 Corporate Responsibility Report | Newmark
We have implemented practices to protect the continuity of our business and operations to maintain and advance value for stockholders and other stakeholders. These policies and practices include disaster recovery and crisis management protocols to minimize the impact of health emergencies and natural or other disasters on our operations. We maintain concurrent data centers in the United States and internationally to provide backup of our computer systems and capacity for our employees to work remotely during crises or from time to time. These policies and practices enabled our employees to maintain a high level of performance while working in offices or remotely during the COVID-19 pandemic and other global events in compliance with relevant rules and regulations in applicable jurisdictions, and in preservation of the health, safety and welfare of our workforce.
For more information on our business continuity strategy, see our Group Business Continuity Plan Summary.
INTRODUCTION STRUCTURING FOR SUCCESS SERVING OUR CLIENTS EMPOWERING OUR EMPLOYEES
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Section 03
Serving our Clients
We understand the importance of integrating sustainability considerations into our service delivery to support clients in advancing their own corporate responsibility objectives. This is why Newmark has expanded its otferings to meet our clients' sustainability needs, whether we are working with investor, landlord or occupier clients.
Newmark's Commitment to Excellence
Newmark's property, facilities management and Energy and Sustainability Services (ESS) teams work internally and with clients to reduce energy demand and carbon emissions. Newmark is increasingly collecting and measuring environmental data, which is used to build client strategies around energy efficiency and renewable energy
supply initiatives.
Environmentally Focused Client Services
To reduce the environmental impact of building operations, Newmark strives to provide increasingly sophisticated support for clients. Within our Workplace Strategy & Human Experience, Human Experience team and Property Management businesses, we promote sustainable building practices and recommend strategies aimed at maximizing energy efficiency, recycling materials and minimizing waste. The collaboration between our Property and Facilities Management teams enhances data management practices and drives initiatives to reduce clients' energy demand and greenhouse gas (GHG) emissions.
Client-Focused RFPs
2024 Corporate Responsibility Report | Newmark
In 2024, Newmark developed an internal corporate responsibility RFP database which Newmark's advisors can access to streamline responses and enhance consistency across client-facing materials. This tool supported multiple client RFPs in 2024, including a three-hour sustainability-focused presentation delivered at Newmark's headquarters to a leading international bank. The initiative reflects Newmark's commitment
to efficient, performance-oriented service that meets evolving client requirements.
Newmark's global reach enables us to engage with clients across international markets. In 2024, our Head of ESG Europe & UK participated in a London-based forum on supply chain decarbonization in the real estate sector. The event brought together leading real estate partners to explore how collaboration and engagement can help address the challenges of decarbonizing complex supply chains. Newmark supports client-led engagement and recognizes the value of industry-wide collaboration in driving shared progress.
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Multifamily Financing Leadership in 2024
In 2024, Newmark was honored by Fannie Mae as one of its Top 5 DUS Producers and by Freddie Mac as a top 5 conventional Multifamily Optigo® Lender (Optigo ®), reflecting our continued leadership in multifamily housing finance. We were also recognized as a Top 5 DUS Producer for both Green
Financing and Seniors Housing, demonstrating our ability to deliver impactful financing solutions across high-priority housing segments. These achievements highlight Newmark's commitment to supporting energy-efficient buildings, expanding housing access for older adults, and strengthening the long-term performance of the multifamily housing market.
Newmark's Energy and Sustainability Services ("ESS") team leverages Spectrum, a cloud-based Energy Intelligence Platform, to provide clients with enhanced visibility into utility performance and data.
Spectrum supports the management of utility bills and third-party procurement contracts. Focused on strengthening data management capabilities, the ESS team helps clients:
Identify, develop, and manage sustainable building investments
Achieve ENERGY STAR certifications
Track and assess GHG emissions inventories
Implement long-term energy conservation strategies
These etforts align with corporate decarbonization initiatives and help clients progress toward their net zero emissions goals.
2024 Corporate Responsibility Report | Newmark
ar wi or go en su al
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Newmark's Newlitic ESG application is a state-of-the-t analytics platform, providing real-time, portfolio-de visibility into emissions data. It enables ganizations to track progress toward sustainability als, identify business activity drivers of
vironmental impact, and respond efficiently to stainability questionnaires and RFPs. The platform so helps clients stay ahead of evolving sustainability gulations and advance their net zero goals.
Energy and Sustainability Services Team
Energy and Sustainability Services Guide: Energy and sustainability are growing areas of focus for our clients and client services. Since 2017, Newmark's ESS team has led energy management initiatives for Newmark clients. The team partners with clients to help identify, develop and manage green building investments, pursue ENERY STAR certifications, manage their GHG emissions inventory, and establish long-term energy conservation measures to help meet their corporate decarbonization and net zero emissions goals. The team utilizes a cloud-based Energy Intelligence Platform that empowers clients with access to their utility data, otfers facility utility bill payment services and manages third-party procurement contracts, which it integrates with ENERGY STAR reporting. To support our services, we have also developed an Energy-and-Sustainability-Services Reference Guide, which assists clients and property teams in reducing the environmental impact of property operations, maintenance and construction associated with real estate assets.
Key Areas of Expertise Include:
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2024 Corporate Responsibility Report | Newmark
Secured three LEED certifications
Completed four ENERGY STAR Certificate projects for Verizon Wireless Data Centers in California, New Jersey, and Colorado
Managed 430 ENERGY STAR Portfolio Manager (ESPM) accounts
Using ESPM, we streamline utility data tracking and identify opportunities for property-level certifications.
Our services are bolstered by a team of credentialed professionals, including:
GRESB reporting experts
LEED and WELL accredited professionals
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2024 Corporate Responsibility Report | Newmark
Fitwel® Ambassadors
International Facility Management Association® (IFMA), Certified Facility Managers
Institute of Real Estate Management® (IREM), Certified Property Managers
Association of Energy Engineers®, Certified Energy Managers
Additionally, Newmark's collaboration with leading organizations, including IFMA, Building Owners and Managers Association® International (BOMA), and the Site Selectors Guild®, strengthens our ability to support clients in identifying, planning, and executing sustainability-focused real estate strategies.
INTRODUCTION STRUCTURING FOR SUCCESS SERVING OUR CLIENTS EMPOWERING OUR EMPLOYEES
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Advancing Client Projects in 2024
Throughout 2024, Newmark completed and progressed numerous client projects, accelerating decarbonization programs and supporting etforts to reduce environmental impact.
Newlitics ESG App
A leading client partnered with Newmark to enhance their data management and strategic planning. Through the Newlitic ESG App, the client reduced the time and etfort required for data validation by 90%, significantly improving operational efficiency.
Newmark developed a detailed corporate emissions inventory, enabling the client to set near-term and long-term emissions reduction targets, grounded in accurate and comprehensive data.
The Newlitic ESG App also attributed over 95% of their corporate emissions to their client roster, providing visibility into the environmental impact of business activities. This insight supported internal decision-making, and enhanced the client's ability to respond to sustainability-related inquiries and regulatory requirements with confidence and precision.
Supporting the United Nations Moon Shot Initiative
As part of a 15-year lease transaction in New York City, Newmark partnered with the United Nations (UN) and the property owner to deliver a highly energy-efficient real estate solution that directly supports the UN's long-term sustainability goals.
Working closely with both the UN/UNDP (UN Development Program) and the landlord, Newmark helped secure a workspace that will reduce energy use and carbon emissions by approximately 40% compared to the organization's previous footprint. This significant performance improvement supports the UN's Moonshot
initiative, an etfort aimed at advancing the 17 Sustainable Development Goals (SDGs) across their entire portfolio.
ESS Team Client Projects In 2024
Facilitated a five-year Renewable Energy Credit (REC) strip for a new manufacturing facility in Cleveland, TN, supporting the facility's achievement of LEED Silver certification.
Co-developing an 696-kW solar project with DSD Renewables for a Columbus, OH, cold-storage facility, with anticipated completion in Q1 2026.
Implemented over 50 energy efficiency projects across the portfolio, generating over $500,000 in annual cost savings.
Conducted site visits across 5% of the client's portfolio, identifying potential opportunities for $4.1 million in additional annual savings.
Co-developed a behind-the-meter battery storage and microgrid solution with Scale Microgrids for the client's Connecticut portfolio, projected to generate over $11 million in savings over 10 years.
Completed four ASHRAE Level 2 Energy Audits for San Francisco properties to meet 2024 compliance with the San Francisco Environmental Code.
Delivered 15 ENERGY STAR certification projects for Newmark-managed buildings.
Provided energy benchmarking services for 100 Newmark-managed properties across the U.S.
2024 Corporate Responsibility Report | Newmark
Launched a utility data management project for a large global materials science company, centralizing portfolio-wide energy data for the organization.
Continue to manage over 100 million kWh annually on behalf of Newmark clients.
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Corporate Responsibility at Newmark France
In March 2025, Newmark France SAS (a Simplified Joint-Stock Company under French law) submitted its Responsabilité Sociétale des Entreprises (RSE) Questionnaire, referred to in English as Corporate Social Responsibility (CSR), demonstrating its commitment to environmental and social responsibility. Headquartered in Paris, Newmark France aligns with Newmark's global sustainability framework and supports the advancement of environmental and corporate responsibility priorities across Europe.
Key highlights include:
Responsible procurement and supplier code of conduct expectations are in place.
Newmark France's proactive approach illustrates how regional offices are embedding CSR priorities into day-to-day operations, governance, and culture in alignment with Newmark's broader corporate responsibility strategy.
Spotlight Service:
UK Energy and Infrastructure team
The Newmark Energy and Infrastructure team are advising on clean energy projects across the UK, from the south coast of Cornwall to the Shetland Islands. Our advice spans all technologies and all stages of the property cycle, from finding and acquiring sites to valuation and business rates advice.
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Updated: December 2025
INTRODUCTION STRUCTURING FOR SUCCESS SERVING OUR CLIENTS EMPOWERING OUR EMPLOYEES
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Spotlight Service:
Smart Lighting for Sustainable Impact: LED Upgrade at 6 Bevis Marks, London
Newmark's UK Property and Asset Management team completed a full LED lighting upgrade at 6 Bevis Marks, a 16-story office building in London, replacing 442 fixtures across communal and plant areas. To maximize energy efficiency, all new fixtures were fitted with Passive Infrared (PIR) lighting motion sensors.
The project, completed between October 2023 and December 2024, is expected to save approximately 64,079 kg of CO₂ and £22,463 over 10 years. This initiative demonstrates how targeted upgrades and smart technologies can drive operational efficiency and support long-term environmental performance goals.
Spotlight Service:
Energy Performance Certificate Uprating in the UK
Since 2022, in the UK, Newmark has provided Energy Performance Certificate (EPC) Uprating Assessments for 128 of SEGRO plc's (a UK-based property investment and development company) industrial assets across Greater London, totaling over 4 million square feet, and has advised on approximately £32 million of EPC improvement works. In 2024 alone, assessments were conducted for 58 assets (1.23 million square feet), with guidance on £16 million in proposed upgrades.
These assessments establish baseline EPC ratings and create digital twins of each building to model various improvement works scenarios. This approach identifies the most practical and cost-etfective pathways to improve energy performance, helping clients enhance asset value, maintain compliance with current Minimum Energy Efficiency Standards Regulations, and prepare for future regulatory changes, ultimately mitigating the risk of sub-standard or potentially stranded assets.
Newmark's process includes:
On-site inspections of each property to establish the construction and engineering services present and record data to model each property
Creation of a digital twin for each asset using EPC software to establish the current/baseline EPC rating
Use the digital twin to model each unit to establish practical ways of improving the EPC ratings for each unit on a band-by-band basis to achieve target EPC ratings
2024 Corporate Responsibility Report | Newmark
Delivery of individual EPC assessment reports for each unit, to findings including budget costs and feasibility of undertaking the EPC improvement works, strategic approach to the improvement works and guidance on exemptions and potential financial penalties should the properties be sub-standard
Newmark believes this work enhances long-term asset value, informs capital planning and is regulatory compliant. In 2024, Newmark also provided EPC uprating advisory services to additional occupier clients, including Ocado and EDF.
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Spotlight Service:
Sustainable Industrial Refurbishment at Pegasus House, UK
Newmark managed the refurbishment of Pegasus House, a 19,000 sq ft industrial site in Hatfield, England. The aging facility, originally developed over multiple phases and formerly used for electroplating, presented significant environmental challenges due to contamination and residual asbestos.
Rather than opting for redevelopment, the client chose a full refurbishment approach to improve carbon efficiency and reduce costs. The project targeted compliance with Part L Building Regulations and sought to improve the building's EPC rating while enhancing accessibility.
Refurbishment activities included:
Removal of poorly insulated asbestos cement roof and wall cladding
Installation of thermally insulated roofing and wall systems, gutters, and roof lights
Enhancements to natural light provision
Addition of thermally efficient loading bay doors and compliant windows
Structural strengthening of the roof to accommodate future photovoltaic (PV) panels
Improved accessibility, including upgraded disabled access and associated facilities
The completed project delivered a safer, more energy-efficient, EPC 'A' rated, and regulation-compliant industrial asset, supporting operational sustainability and long-term performance.
Spotlight Service:
Redevelopment Project for Fabrix London Limited
Newmark was appointed by Fabrix to advise on the planning strategy for the redevelopment of approximately five acres of industrial land in Bromley-by-Bow, located within the eastern part of the London Borough of Tower Hamlets. The existing site was assembled by Fabrix through the acquisition and consolidation of numerous fragmented parcels over several years, creating a rare undeveloped large-scale strategic industrial location, occupied by dilapidated buildings, including a former
asbestos waste storage facility and concrete works. The masterplan, designed by Haworth Tompkins Architects, is expected to transform and reinvigorate the site. Extensive consultation, led by Fabrix's direct engagement approach, was undertaken with local residents and community groups such as Bromley-by-Bow Community Organization and the Teviot Action Group, including public exhibitions and grassroots volunteering, to ensure the proposals responded to local needs and were supported by the local community at the planning-application stage.
Key features of the project include:
Approximately 135,000 square feet of new flexible industrial floorspace across two linear blocks
10% atfordable workspace integrated into the industrial otfering
Retention and refurbishment of the existing garage to serve as a community-accessible circular economy hub
New access point created in the site's north-west corner to reduce residential disruption
The scheme received a unanimous resolution to grant planning permission from the planning committee in September 2024.
The BREEAM (Building Research Establishment Environmental Assessment Method) Excellent-rated development will deliver a modern, flexible and future-ready industrial campus, improving the efficiency of an underutilized site while contributing positively to the surrounding communities.
The project also demonstrates Fabrix's broader strategy for regeneration, combining direct engagement and high-quality sustainable design and a strong focus on placemaking and greening, including a 3,988.86% biodiversity net gain, with Newmark's planning advice to ensure these objectives were successfully secured through the planning process.
INTRODUCTION STRUCTURING FOR SUCCESS SERVING OUR CLIENTS EMPOWERING OUR EMPLOYEES
BETTERING OUR ENVIRONMENT ENGAGING WITH OUR COMMUNITIES REPORTING AND DISCLOSURES
Spotlight Service:
Supporting Lazari Investments Limited on London's iconic former Fenwick Department Store
Newmark's planning and development team in the UK are supporting Lazari Investments Limited in repurposing the former Fenwick Department Store on New Bond Street into a world-class retail and office space in Mayfair. Located within the Mayfair Conservation Area, the scheme prioritizes preservation while delivering high-performance commercial floor space. The proposals sought to retain as much of the existing fabric of the buildings as possible, while regularizing over 37 levels
within the existing building. This technical challenge was addressed through the sensitive lifting and alignment of façades and floor structures to enable efficient, modern use.
Key project outcomes include:
Retention of 45-50% of the existing structure and approximately 75% of the historic façades
An upfront embodied carbon intensity of 463-495 kgCO₂e/m², meeting and exceeding industry benchmarks
Delivery of premium retail on ground and first floors, with best-in-class office space from floors two through nine
The scheme received unanimous approval from Westminster City Council in April 2024, following a 12-month planning process from first consultation. Construction is underway, with delivery anticipated in 2027.
Spotlight Service:
Supporting Lazari Investments Limited with Brunswick Centre, London
Newmark was appointed by Lazari Investments to lead the transformation of an underutilized lower-ground car park at the Grade II listed Brunswick Centre into a 207-room hub by Premier Inn hotel. Sustainability was central to the project. Key project benefits include:
207-room hotel and reception/food and beverage areas designed to increase local footfall and support economic activity
98% reduction in embodied carbon achieved by retaining and lowering the existing basement slab rather than demolishing it
Additional energy-efficiency features, including photovoltaic panels and air source heat pumps, to reduce operational emissions
A package of heritage repairs to enhance the building's historic character and deliver long-term public benefit
A sensitive and sustainable design that respects the Brutalist architecture of the Brunswick Centre and includes concrete repairs to its most historically significant elements
Given the site's listed status and Conservation Area location, the project required close collaboration with structural engineers, heritage consultants, and local stakeholders. Newmark oversaw the planning strategy and engagement etforts, working with Axiom Architects, Kanda Consulting, and heritage specialists at Purcell,
2024 Corporate Responsibility Report | Newmark
to navigate heritage sensitivities, structural complexity, and community concerns. An engineered slab-lowering solution maintained the building's structural integrity while preserving historic elements and minimizing construction-related noise. The project received
unanimous approval from Camden's Planning Committee in March 2024 and represents a model for delivering low-carbon, high-value reuse in complex heritage environments.
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Section 04
Empowering our Employees
Our Employees
We are committed to our people, our stockholders and the community as a whole. We have a variety of programs to incentivize and support our employees, from employee ownership to comprehensive benefits and learning and development. We are also committed to equal employment opportunity, and other policies and practices designed to fulfill our commitment to social and human capital development.
Attracting and Retaining Top Talent in the U.S.
Our success depends on our ability to attract and retain talented, productive and skilled employees to transact with our clients in a challenging and regulated environment that is experiencing ever-increasing competition for talent. We are investing in fostering an inclusive and incentivized work environment where our people can deliver their best work every day. In recognition of these etforts, in 2021 and in 2024, we were named by GlobeSt.com as one of commercial real estate's "Best Places to Work."
At Newmark, we proudly otfer a comprehensive benefits package crafted to enhance our culture and support the success of our employees, both at work and at home. To facilitate the retention of our employees, we provide additional benefits, including a 401(k) match.
Our benefits package includes competitive health insurance coverage, robust wellness programs encompassing mental and physical health, retirement savings plans, and flexible work arrangements. These initiatives not only help in retaining our talented workforce but also foster an inclusive and supportive workplace culture, aligning with our dedication to sustainable business practices worldwide.
2024 Corporate Responsibility Report | Newmark
Virtually all our key executives and producers have equity or partnership stakes in the Company and/or its subsidiaries. Generally, they receive deferred equity, limited partnership units of Newmark Holdings,
L.P. or restricted stock units ("RSUs") as part of their compensation. As of December 31, 2025, our employees and independent contractors, partners, executive officers and directors owned approximately 24% of our equity on a fully diluted basis. We issue limited partnership units and other forms of equity-based compensation, such as RSUs, which:
Provide liquidity to our partners and employees over time
Align the interests of our partners and employees and management with those of common stockholders
Help motivate and retain key partners and employees
Encourage a collaborative culture that drives cross-selling and growth
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The non-exchangeable partnership units held by our partners are subject to forfeiture (such as if the non-compete, confidentiality or non-solicit provisions of the Newmark Holdings limited partnership agreement are violated), and unvested RSUs are subject to service conditions that must be met in order for them to vest into shares of Newmark common stock. In addition, any partnership amounts paid following termination of service generally are paid over a number of years for compliance with post-termination partner obligations. This compensation structure has proven to be highly retentive, and between 2015 and 2024 we have retained 93% of our top-performing producers.
From time to time, we may enter into various agreements with certain of our employees and partners. Many of these individuals receive loans that may be either wholly or in part repaid from the proceeds of sales of the employees' shares of our Class A common stock or distribution earnings that the individual receives on some or all of their limited partnership units. We have also provided forgivable loans to our employees from time to time. We believe these loans provide incentives and promote entrepreneurship, retention and long-term engagement.
Talent Development
We invest in our employees' long-term development and engagement by delivering training and development programs and a culture where our people can thrive and maximize their potential. We require mandatory annual training in workplace respect and inclusion on various topics including, anti-money laundering, anti-crime, global sanctions, ethics, cybersecurity, anti-harassment and anti-discrimination. We also provide or support periodic job-specific and other developmental training and support for our employees so they can maximize their potential, as well as tuition reimbursement programs for eligible employees.
We provide virtual and in-person leadership development to managers on topics, including management etfectiveness, communication skills, interview skills, writing and delivering etfective performance evaluations, and other topics. This training is supplemented by a comprehensive library of on-line courses that managers and employees may access. Finally, our individual business lines otfer ongoing learning and development opportunities tied to deepening the subject matter expertise of their professionals.
Our success depends on employees understanding how their work and engagement contribute to our strategy, culture, values and regulatory environment. We use various channels to facilitate open and direct communication, including internal calls and meetings with employees, training and policy updates, and our social outings and events.
This includes "Newmark Next Generation," a program designed to recruit and develop sales professionals in our brokerage business who are new to the industry. These are fully paid, career-launching positions
in which participants receive comprehensive training in all aspects of commercial brokerage, support in obtaining their license, mentorship from senior advisors, and are ultimately placed with a brokerage team. Newmark also otfers the Retail Canvassing Program and an Analyst Training Program in Capital Markets to further support early career development across the platform.
Spotlight Service:
Developing Our Future Talent: UK Case Study
In the UK, we have been investing in strengthening our managers' and leaders' skills and capabilities through dedicated development programs. The Accelerated Manager program (AMP) was piloted with 20 of our mid-tier managers with the opportunity to focus on managing in a hybrid world with a multi-generational workforce, developing their coaching abilities and having etfective performance conversations to help managers drive team performance. This program will now continue into 2025 for the next cohort of managers. Managers and mentors across the business have also been supported through management essentials modules covering topics such as handling difficult performance conversations, supporting career conversations and recruitment strategies. We have also been able to otfer the Manager and Leader Academy, a CMI accredited manager and leader program funded by our apprenticeship levy for 19 managers across the business. The Advanced Leader program (ALP) has been launched for 14 of our high potential senior leader successors with the objective of building global leadership skills and capability, helping them to navigate and accelerate change and drive performance at pace.
2024 Corporate Responsibility Report | Newmark
Employee Spotlight: Robert J. Hess
Robert J. Hess, Vice Chairman of Global Strategy and Vice Chairman of Global Corporate Services, completed the Business and Climate Change course through Harvard Business School Online in 2024. The course prepares professionals to navigate the risks and opportunities climate change presents to businesses and investors. Robert's continued focus on strategic, market-relevant education reinforces Newmark's ability to deliver informed, future-ready solutions to clients.
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Employee Engagement
Newmark fosters meaningful connections between employees and the Company, ensuring they understand their role in contributing to our strategy, culture, values and regulatory compliance. To facilitate open and direct communication, we utilize various channels, including internal calls and meetings, learning and development and policy updates, as well as social outings and events.
In the UK, employees actively engage with the annual engagement survey, providing valuable input that helps shape our culture and people strategies. Their feedback directly informs deliberate and structured action, including our Inclusive Growth plan, which brings together diverse employee networks to strengthen collaboration, belonging, and how we work and perform together in measurable, meaningful ways.
Each year, Newmark recognizes Earth Day as an opportunity to reaffirm its commitment to actionable, performance-driven environmental practices. In 2024, communications highlighted the importance of promoting actionable business practices to support a more sustainable future and how the firm continues to assist clients in reducing energy use, procuring renewable electricity, and integrating sustainability into leasing and reporting strategies. These etforts reflect Newmark's broader mission to support operational efficiency and environmental performance across client portfolios.
2024 Corporate Responsibility Report | Newmark
Employee Spotlight: Tiffany Yao Presents at New York Build 2024
In February 2024, Tiffany Yao, Managing Director at Newmark, presented at the New York Build Expo, the leading construction and design show for the region. Tiffany's session, titled "Constructing a Better Future: The Importance of ESG and Social Responsibility," explored how environmental and governance considerations can strengthen long-term real estate strategy and stakeholder value. Tiffany's participation reflects Newmark's growing leadership in sustainability and reinforces our commitment to sharing expertise across the industry.
2024 Corporate Responsibility Report | Newmark
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0.562 for 2,134,278
hours worked
0.627 for 2,234,603
hours worked
1.2863 for 2,100,000
hours worked
U.S. Property Management
0.33 for 610,369
hours worked
0.00 for 327,290
hours worked
0.00 for 583,599
hours worked
U.S. Facilities Management
2024
2023
2022
Newmark's commitment to employee health and safety is reflected in our TRIRs, which consistently fall well below the industry average for real estate. We are dedicated to minimizing the risk of
incidents and improving our safety record year after year.
Safe and Healthy Work Environment in the U.S.
At Newmark, we recognize that the health and well-being of our employees is fundamentally linked to the success of our organization. We have implemented significant measures to create a safe work environment. In addition to ensuring our offices meet applicable state and local regulatory standards, Newmark maintains a comprehensive Health and Safety Manual that guides our policies and procedures in full compliance with federal standards enforced by the Occupational Safety and Health Administration.
Our employees receive safety awareness development via Newmark's online safety learning platform, providing access to over 1,000 courses across three safety catalogs. We are committed to a culture that is built around the evolving needs of our talented workforce, promoting safety, empowerment, and flexibility. In 2024 alone, Newmark employees completed over 9,926 individual safety learning and development sessions.
To further support employees' mental health and well-being, Newmark provides access to behavioral and mental health telemedicine, a comprehensive employee assistance program, and preventative mental health resources.
- Total Recordable Incident Rates (TRIR)
Disclaimer
Newmark Group Inc. published this content on April 21, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 21, 2026 at 14:15 UTC.