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 42 is higher than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Costar's reported carbon emissions
In 2023, CoStar Group, headquartered in the United States, reported total carbon emissions of approximately 128,000,000 kg CO2e. This figure includes 3,139,000 kg CO2e from Scope 1 emissions, 8,103,000 kg CO2e from Scope 2 emissions, and a significant 117,078,000 kg CO2e from Scope 3 emissions. In 2022, the company recorded total emissions of about 96,725,000 kg CO2e, with Scope 1 emissions at 3,025,000 kg CO2e, Scope 2 emissions at 7,139,000 kg CO2e, and Scope 3 emissions reaching 88,223,000 kg CO2e. This indicates a rise in emissions from 2022 to 2023, particularly in Scope 3, which is often the largest contributor for companies in the software and services sector. CoStar Group has committed to achieving net-zero emissions by 2050, as part of its long-term climate strategy. This commitment was formalised in June 2023, aligning with the Science Based Targets initiative (SBTi). The company is actively working towards this goal, although specific near-term reduction targets have not been disclosed. Overall, CoStar Group's emissions data highlights the challenges faced in reducing carbon footprints, particularly in Scope 3 emissions, while their commitment to net-zero reflects a proactive approach to climate responsibility.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 3,025,000 | 0,000,000 |
| Scope 2 | 7,139,000 | 0,000,000 |
| Scope 3 | 88,223,000 | 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 committed to some reduction initiatives 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.
