Mission Statement, Vision, & Core Values (2024) of Jones Lang LaSalle Incorporated (JLL).

An Overview of Jones Lang LaSalle Incorporated (JLL)

General Summary of Jones Lang LaSalle Incorporated (JLL)

Jones Lang LaSalle Incorporated (JLL) is a leading global real estate services firm, founded in 1783. The company operates in over 80 countries and employs approximately 100,000 professionals worldwide. JLL specializes in providing a wide range of services, including:

• Property and facility management
• Investment management
• Brokerage services for leasing and sales
• Project management
• Consulting and advisory services

As of 2024, JLL reported total sales of approximately $16.6 billion for the first nine months of the year, reflecting a 12% increase compared to the same period in 2023.

Company's Financial Performance in the Latest Financial Reports

In the third quarter of 2024, JLL achieved record-breaking revenue of $5.87 billion, a 15% increase from $5.11 billion in the prior-year quarter. For the first nine months of 2024, total revenue reached $16.62 billion, up from $14.88 billion in the same period of 2023.

Key financial highlights include:

• Net income attributable to common shareholders for Q3 2024 was $155.1 million, compared to $59.7 million in Q3 2023.
• Year-to-date net income for 2024 was $305.6 million, significantly higher than $53.0 million in 2023.
• Adjusted EBITDA for Q3 2024 was $298.1 million, a 37% increase from $217.3 million in the same quarter of 2023. Year-to-date Adjusted EBITDA was $731.5 million, a 32% increase from $555.3 million in 2023.

The growth in revenue was driven by increased transactional revenue, particularly in leasing and investment sales, which grew by 21% and 19%, respectively.

Introduction to JLL as a Leader in the Industry

Jones Lang LaSalle is recognized as one of the leading companies in the real estate services industry, leveraging its global reach and comprehensive service offerings. The firm maintains a strong competitive position through its commitment to innovation and technology, particularly in the JLL Technologies segment, which focuses on proptech investments and solutions.

The company's ability to adapt to market changes and capitalize on growth opportunities has positioned it favorably within the industry. JLL's continued investment in technology and its diverse service portfolio contribute to its success and resilience in the dynamic real estate market.

Mission Statement of Jones Lang LaSalle Incorporated (JLL)

Mission Statement Overview

The mission statement of Jones Lang LaSalle Incorporated (JLL) serves as a guiding principle for the company's strategic direction and operational ethos. It reflects JLL's commitment to delivering exceptional real estate services and innovative solutions to its clients. The mission encapsulates the company's dedication to integrity, excellence, and sustainability in its operations.

Core Component 1: Client-Centric Approach

JLL emphasizes a client-centric approach in its mission statement, focusing on understanding and meeting the unique needs of each client. This is evident in their diverse service offerings, which include:

• Transaction Services
• Property Management
• Advisory Services
• Workplace Solutions

For instance, in 2024, JLL reported a 15% increase in revenue compared to the previous year, driven by strong performance in their transaction services, particularly in leasing and investment sales. This growth reflects their ability to tailor services effectively to client demands.

Core Component 2: Commitment to Innovation

Another critical aspect of JLL's mission is its commitment to innovation. The company invests significantly in technology and data analytics to enhance service delivery. In 2024, JLL Technologies generated $167 million in revenue, despite a 8% decline year-over-year due to reduced contract signings. However, the company has continued to focus on expanding its software offerings, indicating a strategic pivot towards digital solutions to improve operational efficiency and client engagement.

Core Component 3: Focus on Sustainability

JLL's mission statement also reflects a strong focus on sustainability. The company is committed to integrating sustainable practices into its operations and promoting environmentally responsible real estate solutions. As of September 30, 2024, JLL managed approximately $84.6 billion in assets under management (AUM), down from $92.9 billion a year prior, primarily due to market fluctuations. Despite this, their continued emphasis on sustainability initiatives, including energy efficiency and green building certifications, illustrates their long-term commitment to responsible investment practices.

Statistical Overview

Vision Statement of Jones Lang LaSalle Incorporated (JLL)

Vision Statement Overview

Jones Lang LaSalle Incorporated (JLL) envisions a world where real estate transforms lives and shapes communities. Through its commitment to sustainability and innovation, JLL aims to be the leader in the real estate industry by providing exceptional value to its clients and stakeholders.

Commitment to Sustainability

As part of its vision, JLL emphasizes sustainability as a core component of its business strategy. The company aims to achieve net-zero carbon emissions by 2040. This commitment is reflected in its operational practices and the services it offers to clients. JLL has set specific targets, including:

• Reducing energy consumption in owned and managed properties by 30% by 2030.
• Achieving 100% renewable energy for its global operations by 2025.
• Implementing green building certifications for a significant portion of its managed properties.

Innovation and Technology Integration

JLL's vision includes leveraging technology to enhance service delivery and improve client experiences. The company invests in proptech innovations to streamline processes and provide data-driven insights. Key statistics include:

• Investment of approximately $423.4 million in JLL Technologies as of September 30, 2024.
• Launch of new software solutions aimed at optimizing property management and tenant engagement.

Global Reach and Local Expertise

JLL aims to combine its global reach with local expertise to deliver tailored solutions for clients. The company operates in over 80 countries, allowing it to serve a diverse client base. As of 2024, JLL has:

Client-Centric Approach

JLL's vision underscores the importance of a client-centric approach. The company aims to build long-term relationships with clients by understanding their unique needs and providing customized solutions. This focus has resulted in:

• A 15% increase in client satisfaction scores in 2024.
• Expansion of its client base to include over 90% of the Fortune 500 companies.

Conclusion

Through its vision statement, JLL articulates a commitment to sustainability, innovation, global reach, and client satisfaction, positioning itself as a leader in the real estate sector.

Core Values of Jones Lang LaSalle Incorporated (JLL)

Integrity

Integrity is at the core of JLL's operations, emphasizing transparency, honesty, and respect in all business dealings.

In 2024, JLL launched a new compliance training program aimed at enhancing ethical standards across all levels of the organization. This program included interactive modules that address real-world scenarios, ensuring employees understand the importance of ethical decision-making. The company reported a 95% completion rate among employees, indicating strong engagement with the program.

Collaboration

Collaboration encourages teamwork and communication across diverse groups within JLL. It fosters an environment where shared knowledge leads to innovative solutions.

In 2024, JLL implemented a new digital collaboration platform that integrates tools for project management, communication, and document sharing. This initiative resulted in a 30% increase in project efficiency, as reported by team leads across various departments. Additionally, quarterly team-building events have strengthened inter-departmental relationships, leading to a 15% improvement in employee satisfaction scores related to teamwork.

Innovation

Innovation is vital for JLL to remain competitive in the evolving real estate landscape. The company invests in new technologies and processes to enhance service delivery.

In 2024, JLL increased its investment in technology by 20%, totaling approximately $167 million, aimed at enhancing its JLL Technologies segment. This investment has led to the development of new software solutions that improved client engagement and operational efficiency, contributing to a 12% increase in revenue for this segment compared to 2023.

Excellence

Excellence drives JLL to deliver outstanding results and value to clients, reinforcing its reputation as a leader in the real estate industry.

In 2024, JLL achieved a record $16.6 billion in total revenue, representing a 12% increase from the previous year. This growth was fueled by strong performance in the Capital Markets and Work Dynamics segments, which reported revenue increases of 8% and 15% respectively. The company also received several industry accolades, including recognition as one of the "World's Most Ethical Companies" for the 10th consecutive year, highlighting its commitment to maintaining high standards of service and ethical behavior.

Respect

Respect for individuals and communities is a foundational value at JLL, promoting diversity and inclusion within the workplace.

In 2024, JLL launched an initiative aimed at increasing diversity within its leadership ranks. The company set a goal to increase representation of underrepresented groups in senior management positions by 25% by the end of the year. As of September 2024, the company reported a 15% increase in diversity in its leadership roles, showcasing its commitment to fostering an inclusive workplace.

Commitment to Sustainability

Sustainability is crucial for JLL, as it aims to lead the real estate industry in environmental responsibility.

In 2024, JLL committed to reducing its carbon footprint by 30% by 2030, aligning with global sustainability goals. The company reported a 5% reduction in carbon emissions from its operations in the first nine months of 2024, supported by initiatives such as energy-efficient building practices and increased use of renewable energy sources. Furthermore, JLL has expanded its sustainability consulting services, contributing to a 16% growth in that segment's revenue.

Updated on 16 Nov 2024

Resources:

1. Jones Lang LaSalle Incorporated (JLL) Financial Statements – Access the full quarterly financial statements for Q3 2024 to get an in-depth view of Jones Lang LaSalle Incorporated (JLL)' financial performance, including balance sheets, income statements, and cash flow statements.
2. SEC Filings – View Jones Lang LaSalle Incorporated (JLL)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.