Costar

Costar's reported carbon emissions

CoStar Group, headquartered in the US and operating within the real estate services sector, reported approximately 207 million kg CO2e in total emissions for the year 2024. This figure encompasses Scope 1, 2, and 3 emissions. Specifically, Scope 1 emissions were around 5.71 million kg CO2e, Scope 2 (market-based) were approximately 4.94 million kg CO2e, and Scope 3 emissions totalled approximately 196.42 million kg CO2e. For the year 2023, CoStar Group's total reported emissions were approximately 128.07 million kg CO2e. Scope 1 emissions were about 3.16 million kg CO2e, Scope 2 (market-based) were approximately 8.10 million kg CO2e, and Scope 3 emissions amounted to approximately 116.81 million kg CO2e. In 2022, the company reported total emissions of approximately 98.39 million kg CO2e, with Scope 1 at approximately 3.03 million kg CO2e, Scope 2 (market-based) at approximately 7.14 million kg CO2e, and Scope 3 at approximately 88.22 million kg CO2e. CoStar Group has established several climate commitments. The company is committed to reaching net-zero greenhouse gas emissions across its value chain by 2050. Near-term targets include reducing absolute Scope 1 and 2 GHG emissions by 54.6% by 2033 from a 2023 base year. Additionally, they aim to reduce Scope 3 GHG emissions from capital goods by 61.1% per USD value added within the same timeframe. By 2029, CoStar Group commits that 75.3% of its suppliers, by spend covering purchased goods and services, will have science-based targets. Long-term, CoStar Group commits to a 90% reduction in absolute Scope 1 and 2 GHG emissions by 2050 from a 2023 base year, and a 97% reduction in Scope 3 GHG emissions per USD value added over the same period.