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 46 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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Costar's reported carbon emissions
In 2023, CoStar Group, headquartered in the US, 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. CoStar has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its value chain by 2050. The company has established near-term targets to reduce absolute Scope 1 and 2 emissions by 54.6% by 2033, using 2023 as the baseline year. Additionally, it plans to cut Scope 3 emissions from capital goods by 61.1% per USD value added within the same timeframe. By 2029, CoStar aims for 75.3% of its suppliers, by spend, to have science-based targets. Long-term goals include a 90% reduction in absolute Scope 1 and 2 emissions by 2050 and a 97% reduction in Scope 3 emissions per USD value added. These targets align with the Science Based Targets initiative (SBTi) and reflect CoStar's commitment to addressing climate change effectively.
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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 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.
