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CoStar Group, Inc., a leading provider of real estate services, is headquartered in the United States and operates extensively across North America and Europe. Founded in 1987, CoStar has established itself as a pivotal player in the commercial real estate sector, offering comprehensive data and analytics solutions that empower clients to make informed decisions.
The company’s core products include CoStar Suite, a robust platform for property research, and LoopNet, a popular marketplace for commercial real estate listings. What sets CoStar apart is its commitment to delivering unparalleled data accuracy and depth, making it an invaluable resource for real estate professionals. With a strong market position, CoStar has achieved significant milestones, including the acquisition of several key competitors, solidifying its reputation as an industry leader in real estate information and analytics.
53
DitchCarbon score
+24 vs industry average
Costar’s score of 53 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
High
Real Estate Services has above-average carbon intensity
Industry performance
0.221
20182025
The Real Estate Services industry has reduced its overall emissions by 17% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Costar's reported carbon emissions
CoStar Carbon Emissions and Climate Commitments
CoStar Group, a US-based real estate services firm, has reported its carbon emissions across Scopes 1, 2, and 3 for recent fiscal years.
2024 Emissions: CoStar Group's total carbon emissions for 2024 were approximately 207 million kg CO2e. This breaks down into:
- Scope 1: Approximately 5.7 million kg CO2e.
- Scope 2 (Market-Based): Approximately 4.9 million kg CO2e.
- Scope 3: Approximately 196.4 million kg CO2e.
2023 Emissions: In 2023, CoStar Group's total emissions amounted to approximately 128.1 million kg CO2e.
- Scope 1: Approximately 3.2 million kg CO2e.
- Scope 2 (Market-Based): Approximately 8.1 million kg CO2e.
- Scope 3: Approximately 116.8 million kg CO2e.
2022 Emissions: For 2022, total emissions were approximately 98.4 million kg CO2e.
- Scope 1: Approximately 3.0 million kg CO2e.
- Scope 2 (Market-Based): Approximately 7.1 million kg CO2e.
- Scope 3: Approximately 88.2 million kg CO2e.
Climate Commitments and Targets:
CoStar Group has established significant climate commitments, aligning with the Science Based Targets initiative (SBTi).
- Net-Zero Goal: The company is committed to achieving net-zero greenhouse gas emissions across its value chain by 2050.
- Near-Term Targets (Base Year 2023):
- A reduction of 54.6% in absolute Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 2033.
- A reduction of 61.1% in Scope 3 GHG emissions from capital goods per USD value added by 2033.
- Ensuring 75.3% of its suppliers, by spend covering purchased goods and services, will have science-based targets by 2029.
- Long-Term Targets (Base Year 2023):
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Costar’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
7 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
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Active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Costar10 months ago
53
Frequently asked questions
Common questions about Costar’s sustainability data and climate commitments
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