Costar

CoStar Group's total reported greenhouse gas emissions for 2024 were approximately 207,066,000 kg CO2e. This includes about 5,710,000 kg CO2e from Scope 1, approximately 4,941,000 kg CO2e from Scope 2 (market-based), and around 196,415,000 kg CO2e from Scope 3 emissions. In 2023, their total emissions were about 128,071,000 kg CO2e, comprising approximately 3,163,000 kg CO2e from Scope 1, around 8,103,000 kg CO2e from Scope 2 (market-based), and about 116,805,000 kg CO2e from Scope 3.

CoStar Group has set Science Based Targets initiative (SBTi) approved targets. They are committed to achieving net-zero greenhouse gas emissions across their value chain by 2050. Their near-term targets include reducing absolute Scope 1 and 2 greenhouse gas emissions by 54.6% by 2033 from a 2023 base year. Additionally, they aim to reduce Scope 3 emissions from capital goods by 61.1% per USD value added within the same timeframe and ensure that 75.3% of their suppliers by spend covering purchased goods and services will have science-based targets by 2029. For the long term, CoStar Group commits to reducing absolute Scope 1 and 2 greenhouse gas emissions by 90% by 2050 from a 2023 base year, and Scope 3 greenhouse gas emissions by 97% per USD value added within the same timeframe. These targets cover greenhouse gas emissions from company operations (Scopes 1 and 2) and are consistent with reductions required to limit global warming to 1.5°C.