Public Profile

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.

55

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.

24

Industry Benchmark

Costar's score of 55 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.

98%

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Costar's reported carbon emissions

In 2024, CoStar Group reported total carbon emissions of approximately 207,066,000 kg CO2e globally, with specific emissions of 5,710,000 kg CO2e from Scope 1 and 4,941,000 kg CO2e from Scope 2. Notably, Scope 3 emissions accounted for a significant 196,415,000 kg CO2e, highlighting the importance of addressing indirect emissions in their climate strategy. For the US operations in 2024, CoStar's Scope 1 emissions were about 5,481,000 kg CO2e, with mobile combustion contributing approximately 1,022,000 kg CO2e. Additionally, waste generated in operations resulted in 1,201,000 kg CO2e of Scope 3 emissions. CoStar Group has set ambitious reduction targets, aiming for a 50% reduction in Scope 1 and Scope 2 emissions by 2030 from a 2022 baseline. Furthermore, they are committed to achieving net-zero greenhouse gas emissions across their value chain by 2050. Near-term targets include a 54.6% reduction in absolute Scope 1 and 2 emissions by 2033 from a 2023 base year, alongside a 61.1% reduction in Scope 3 emissions from capital goods per USD value added. The company is also focused on sustainable building practices, with a new campus expansion in Richmond designed to achieve LEED Net Zero and WELL Platinum certifications, expected to be completed in early 2026. Overall, CoStar Group's climate commitments reflect a comprehensive approach to reducing their carbon footprint and enhancing sustainability across their operations.

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202220232024
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

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Costar's primary industry is Real estate services (70), which is low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Costar is in US, which has a low grid carbon intensity relative to other regions.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers