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 55 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Costar's reported carbon emissions
In 2024, CoStar Group reported total carbon emissions of approximately 207,066,000 kg CO2e globally, with specific emissions of 5,710,000 kg CO2e from Scope 1 and 4,941,000 kg CO2e from Scope 2. Notably, Scope 3 emissions accounted for a significant 196,415,000 kg CO2e, highlighting the importance of addressing indirect emissions in their climate strategy. For the US operations in 2024, CoStar's Scope 1 emissions were about 5,481,000 kg CO2e, with mobile combustion contributing approximately 1,022,000 kg CO2e. Additionally, waste generated in operations resulted in 1,201,000 kg CO2e of Scope 3 emissions. CoStar Group has set ambitious reduction targets, aiming for a 50% reduction in Scope 1 and Scope 2 emissions by 2030 from a 2022 baseline. Furthermore, they are committed to achieving net-zero greenhouse gas emissions across their value chain by 2050. Near-term targets include a 54.6% reduction in absolute Scope 1 and 2 emissions by 2033 from a 2023 base year, alongside a 61.1% reduction in Scope 3 emissions from capital goods per USD value added. The company is also focused on sustainable building practices, with a new campus expansion in Richmond designed to achieve LEED Net Zero and WELL Platinum certifications, expected to be completed in early 2026. Overall, CoStar Group's climate commitments reflect a comprehensive approach to reducing their carbon footprint and enhancing sustainability across their operations.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 3,025,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 7,139,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 88,224,000 | 000,000,000 | 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 participating in some of the initiatives that 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.
