Costar Sustainability Profile
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 66 is higher than 80% 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, headquartered in the US, reported total carbon emissions of approximately 207,066,000 kg CO2e globally. This includes 5,710,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 196,415,000 kg CO2e from Scope 3 emissions, which cover indirect emissions from the value chain. Notably, the company disclosed no Scope 2 emissions data for this year. For the US operations specifically, CoStar Group's Scope 1 emissions were about 5,481,000 kg CO2e, with significant contributions from stationary combustion (631,000 kg CO2e) and fugitive emissions (557,000 kg CO2e). Additionally, waste generated in operations accounted for approximately 1,201,000 kg CO2e in Scope 3 emissions. CoStar Group 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 GHG emissions by 54.6% by 2033 from a 2023 baseline. Furthermore, it aims to cut Scope 3 emissions from capital goods by 61.1% per USD value added within the same timeframe. By 2029, CoStar Group also commits that 75.3% of its suppliers by spend covering purchased goods and services will 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 the company's commitment to addressing climate change effectively.
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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 |
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Costar's Scope 3 Categories Breakdown
Costar's Scope 3 emissions, which increased by 68% last year and increased by approximately 123% since 2022, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Capital Goods" being the largest emissions source at 53% of Scope 3 emissions.
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Costar's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Costar has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Costar's sustainability data and climate commitments