CBRE Group, Inc. (NYSE:CBRE) today announced that it has been named to Fortune’s America’s 2023 Most Innovative Companies roster, which recognizes U.S. companies “at the forefront of innovation.”
Only 2% of the companies evaluated are deemed “most innovative” and CBRE is the only commercial real estate services company to receive this recognition.
“This recognition from Fortune attests to how deeply an entrepreneurial spirit and creativity permeate our organization,” said Vikram Kohli, chief executive officer, CBRE platform. “Clients come to CBRE for outcomes that are difficult for them to replicate elsewhere. This results from our people working across skill sets, geographies and business lines – and supported by leading data and technology – to drive innovative and highly effective solutions.”
Fortune and its research partner Statista score companies on three dimensions: product innovation, process innovation and innovation culture. Product innovation evaluates a company’s products and services, covering aspects such as design, usability and uniqueness, while process innovation looks at a company’s processes, from sourcing and production to marketing, sales and support. Innovation culture primarily reflects the company’s success at promoting creativity and an entrepreneurial spirit.
Drawing from a universe of some 15,000 companies, Fortune evaluated U.S. companies on a 100-point scale to determine the Most Innovative Companies. Scores for innovation culture and process innovation (internal component) were partly based on a survey of more than 25,000 people. Smaller panels of 2,500 experts were key determinants scores for product innovation and process innovation (external component).
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2022 revenue). The company has approximately 115,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com. We routinely post important information on our website, including corporate and investor presentations and financial information. We intend to use our website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Such disclosures will be included in the Investor Relations section of our website at https://ir.cbre.com. Accordingly, investors should monitor such portion of our website, in addition to following our press releases, Securities and Exchange Commission filings and public conference calls and webcasts.