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 196,415,000 kg CO2e from Scope 3 emissions, which cover indirect emissions from the value chain. Notably, the Scope 1 emissions from their US operations were about 5,481,000 kg CO2e, with mobile combustion contributing approximately 1,022,000 kg CO2e. CoStar Group has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its value chain by 2050. The company has established near-term targets to reduce absolute Scope 1 and 2 emissions by 54.6% by 2033 from a 2023 baseline. Additionally, it plans to cut Scope 3 emissions from capital goods by 61.1% per USD value added within the same timeframe. By 2029, CoStar Group aims for 75.3% of its suppliers, by spend on purchased goods and services, to have science-based targets. Long-term, CoStar Group is committed to reducing absolute Scope 1 and 2 emissions by 90% by 2050, alongside a 97% reduction in Scope 3 emissions per USD value added. These targets align with the Science Based Targets initiative (SBTi) and reflect the company's dedication to addressing climate change effectively.
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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.
