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 services include comprehensive property data, market analytics, and research tools that empower real estate professionals to make informed decisions. What sets CoStar apart is its commitment to delivering accurate, real-time information, which has solidified its position as a trusted resource in the industry. With a robust market presence and a reputation for innovation, CoStar continues to lead the way in commercial real estate intelligence.
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 16 is higher than 79% 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 reported total carbon emissions of approximately 128,000,000 kg CO2e, comprising 3,139,000 kg CO2e from Scope 1, 8,103,000 kg CO2e from Scope 2, and about 117,078,000 kg CO2e from Scope 3 emissions. This marked an increase from 2022, where total emissions were approximately 97,000,000 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 at about 88,223,000 kg CO2e. CoStar's emissions intensity, measured as total emissions per unit of revenue, was approximately 0.00004975 kg CO2e per USD in 2022, reflecting their operational scale with revenues of about USD 2.18 billion. In 2023, revenues increased to approximately USD 2.46 billion, but specific emissions intensity data for that year is not disclosed. Despite the increase in emissions, CoStar has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company continues to monitor and report its emissions across all scopes, aligning with industry standards for transparency in climate commitments.
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Add to project| 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 not committed to any 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.
