Costar

CoStar Group, a US-based real estate services company, reported total gross emissions of approximately 207,066 metric tons CO2e in 2024. This figure comprises about 5,710 metric tons CO2e from Scope 1 emissions, approximately 4,941 metric tons CO2e from Scope 2 market-based emissions, and around 196,415 metric tons CO2e from Scope 3 emissions. In 2023, the company's total gross emissions were lower, at approximately 128,071 metric tons CO2e, with around 3,163 metric tons CO2e from Scope 1, about 8,103 metric tons CO2e from Scope 2 market-based, and approximately 116,805 metric tons CO2e from Scope 3.

CoStar Group has set ambitious climate commitments, with Science Based Targets initiative (SBTi) validated targets. They are committed to reaching net-zero greenhouse gas emissions across their value chain by 2050.

Their near-term targets include:

• Reducing absolute Scope 1 and 2 GHG emissions by 54.6% by 2033, from a 2023 base year.
• Reducing Scope 3 GHG emissions from capital goods by 61.1% per USD value added within the same timeframe.
• Ensuring that 75.3% of their suppliers by spend, covering purchased goods and services, will have science-based targets by 2029.

For their long-term targets:

• CoStar Group commits to reducing absolute Scope 1 and 2 GHG emissions by 90% by 2050, from a 2023 base year.
• They also commit to reducing Scope 3 GHG emissions by 97% per USD value added within the same timeframe.

Additionally, CoStar Group has an older target to reduce Scope 1 emissions from their domestic operations by 50% by 2025, against 2013 levels.