Costar
CoStar Group, Inc., commonly referred to as CoStar, is a leading provider of commercial real estate information, analytics, and online marketplaces. Headquartered in the United States, CoStar operates extensively across North America and Europe, serving a diverse clientele in the real estate sector. Founded in 1987, the company has achieved significant milestones, including the acquisition of several key firms that have expanded its data offerings. CoStar's core products include comprehensive databases, market analytics, and property research tools, which are distinguished by their depth and accuracy. The company holds a prominent position in the commercial real estate industry, recognised for its innovative solutions that empower professionals to make informed decisions. With a commitment to excellence, CoStar continues to set the standard for real estate intelligence, solidifying its reputation as a trusted resource in the market.
DitchCarbon Score
How does Costar's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Real Estate Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Costar's score of 60 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Costar's reported carbon emissions
In 2024, CoStar Group, headquartered in the US, reported total carbon emissions of approximately 207,066,000 kg CO2e globally. This includes 5,710,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 4,941,000 kg CO2e from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity. Notably, Scope 3 emissions were significant, amounting to about 196,415,000 kg CO2e, primarily driven by capital goods and purchased goods and services. For the US operations specifically, CoStar Group's Scope 1 emissions were reported at approximately 5,481,000 kg CO2e in 2024, with an additional 1,201,000 kg CO2e from waste generated in operations under Scope 3. In 2023, the US emissions were lower, with Scope 1 at about 2,952,000 kg CO2e and Scope 3 at 477,000 kg CO2e. CoStar Group has set ambitious climate commitments, including a near-term target to reduce absolute Scope 1 and 2 greenhouse gas emissions by 54.6% by 2033 from a 2023 base year. Additionally, they aim for a 90% reduction in these emissions by 2050. For Scope 3 emissions, the company targets a 61.1% reduction in emissions from capital goods per USD value added by 2033, and a 97% reduction by 2050. The company is also committed to ensuring that 75.3% of its suppliers by spend covering purchased goods and services will have science-based targets by 2029. Overall, CoStar Group is dedicated to achieving net-zero greenhouse gas emissions across its value chain by 2050, aligning with the Science Based Targets initiative (SBTi) standards.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 3,025,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 7,139,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 88,224,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Costar is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
