Covivio
Covivio, formerly known as Foncière des Régions, is a leading European real estate company headquartered in France. Established in 1998, Covivio has evolved into a prominent player in the property investment sector, with significant operations across France, Germany, and Italy. The company focuses on developing and managing high-quality office spaces, residential properties, and hotels, distinguished by their sustainable design and innovative features. With a commitment to enhancing urban living, Covivio has achieved notable milestones, including a robust portfolio that reflects its strategic vision for sustainable development. The company is recognised for its strong market position, consistently ranking among the top real estate firms in Europe. Covivio's unique approach to property management and development not only meets the evolving needs of tenants but also contributes to the broader goal of creating vibrant, sustainable communities.
DitchCarbon Score
How does Covivio'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 Financial Intermediation 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
Covivio's score of 45 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Covivio's reported carbon emissions
In 2023, Covivio reported total carbon emissions of approximately 7,537,000 kg CO2e globally, with 2,037,000 kg CO2e from Scope 1 and 5,500,000 kg CO2e from Scope 2 emissions. In France, the company’s emissions were significantly higher, totalling about 157,876,000 kg CO2e, which included 1,771,000 kg CO2e from Scope 1, 3,012,000 kg CO2e from Scope 2, and 125,642,000 kg CO2e from Scope 3 emissions. Covivio has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 63% by 2030, using 2015 as the base year. Additionally, the company targets a 37.5% reduction in absolute Scope 3 emissions, which encompass purchased goods and services as well as downstream leased assets, also by 2030. These targets align with the Science Based Targets initiative (SBTi) and are consistent with the reductions necessary to limit global warming to 1.5°C. Overall, Covivio's commitment to sustainability reflects its proactive approach to addressing climate change within the real estate sector, focusing on significant reductions across all scopes of emissions.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2015 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 6,290,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 14,952,000 | 0,000,000 | 0,000,000 | 000,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 433,298,000 | 00,000,000 | - | 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.
Covivio is committed to some reduction initiatives 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.
