The Leading News & Information Service For The Facilities, Workplace & Built Environment Community

Real Estate Companies Cut Ties With Trump Organisation 

Real Estate Companies Cut Ties With Trump Organisation 
15 January 2021 | Updated 28 January 2021
 

JLL and Cushman & Wakefield are just two in a long list of high-profile companies that have distanced themselves from the Trump Organisation.

After recent attack on the US Capitol building, several organisations are severing ties with the current President, including Deutsche Bank, Nike and GoFundMe. 

In terms of property and real estate, Cushman & Wakefield has made the decision to no longer do business with the Trump Organisation, 

JLL also revealed that it would no longer be involved in the sale of Trump International Hotel at 1100 Pennsylvania Avenue, as tweeted by Washington Post reporter Jonathan O’Connell.

As President Trump prepares to leave office, Microsoft has also paused its political contributions after employee objections and  Facebook has frozen Trump's Facebook and Instagram pages.

 

Actions Speak Louder Than Words

 

What this distancing indicates is a wider trend in the corporate world where business values and PR align. Who a company chooses to associate itself with can have a much wider impact, even going beyond the brand loyalty of its customers.

The millennial workforce arguably has more of a social conscience when it comes to career moves. They want to know what an organisation’s values are, whether they can flourish there and whether they’ve joined an ethical business. 

Demonstration of progressive values is a key part of an organisation’s CSR efforts too. As well as being considered “the right thing to do”, good CSR credentials also affect recruitment and talent retention, as well as being an influencer in purchasing decisions and tendering. 

Picture: a photograph of signage from Trump Tower

Article written by Ella Tansley | Published 15 January 2021

Share



Related Articles

Biden’s EV Revolution – US Electric Truck Market Set for Growth

Just days into his presidency, Biden announced the intention to replace the federal government’s fleet of combustion engine vehicles with electric vehicles...

 Read Full Article
Guy Grainger Appointed as JLL’s EMEA Global Head of Sustainability Services & ESG

As part of the company’s increased focus on sustainability, JLL has announced its EMEA CEO Guy Grainger will move into a new role as Global Head of...

 Read Full Article
W R Berkley Looking to Sell The Scalpel for £820m 

The Scalpel, one of the most recognisable London skyscrapers, is to be put up for sale. Property Week revealed that insurance firm W R Berkley is looking for around...

 Read Full Article
New York Cleaning Staff Urged To Use Paid Leave If Exposed To Coronavirus

According to an internal document leaked to The Guardian newspaper, cleaning staff at WeWork offices in New York are being asked to use annual or sick leave if they are...

 Read Full Article
Online Toolkit for Green Leasing Unveiled at JLL Canary Wharf

A new version of the Green Lease Toolkit for commercial property stakeholders has been launched by the Better Buildings Partnership. Unveiled at an event at...

 Read Full Article
Breaking the Sound Barrier – The Impact of Office Noise on the Working Day

Emma Hendry from JLL Consulting looks at how poor acoustics and a lack of privacy affects employee concentration. Emma is the People Experience Managing Director for...

 Read Full Article
Over 80% of Real Estate Occupiers Increasing Tech Budgets, Says JLL

Over 80 per cent of commercial property occupiers are increasing their technology budgets despite a difficult operating environment, according to JLL's 2023 Global...

 Read Full Article
Oklahoma City Achieves WELL Health-Safety Rating Across Portfolio

Oklahoma City has become the first city in Oklahoma, and third in the USA, to earn the WELL Health-Safety Rating for Facility Operations and Management across a portfolio...

 Read Full Article
JLL Wins Global FM Contract With Rolls-Royce

JLL has been appointed by Rolls-Royce to run global facilities management operations across their real estate portfolio in China, Germany, India, Singapore, the UK and...

 Read Full Article
JLL Launches First GPT AI Model for Commercial Real Estate

Global commercial real estate and investment management company JLL has unveiled JLL GPT, the first large language model purpose-built for the commercial real estate...

 Read Full Article