Costar Realty Information, Inc. Sustainability Profile
CoStar Realty Information, Inc., commonly referred to as CoStar, is a leading provider of commercial real estate information and analytics, headquartered in the United States. Founded in 1987, CoStar has established itself as a pivotal player in the real estate industry, serving major operational regions across North America and Europe. The company offers a comprehensive suite of products and services, including property data, market analytics, and research tools, which are designed to empower real estate professionals with actionable insights. CoStar's unique approach combines advanced technology with extensive market coverage, making it an invaluable resource for investors, brokers, and property managers. With a strong market position, CoStar has achieved notable milestones, including numerous industry awards and recognitions for its innovative solutions. Its commitment to delivering high-quality, reliable data has solidified its reputation as a trusted partner in the commercial real estate sector.
DitchCarbon Score
How does Costar Realty Information, Inc.'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 Realty Information, Inc.'s score of 63 is higher than 79% 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 Realty Information, Inc., headquartered in the US, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The company is a current subsidiary of CoStar Group, Inc., which may influence its climate commitments and reporting practices. While there are no documented reduction targets or climate pledges from CoStar Realty Information, Inc. itself, it is important to note that any potential climate initiatives or targets may be inherited from its parent company, CoStar Group, Inc. This includes participation in various climate initiatives such as the Science Based Targets initiative (SBTi) and the Carbon Disclosure Project (CDP), both of which are cascaded from CoStar Group, Inc. at a corporate family level. As of now, CoStar Realty Information, Inc. has not established specific reduction targets or commitments, reflecting a broader trend in the industry where many companies are still developing their climate strategies. The lack of emissions data and defined targets highlights the need for increased transparency and action in addressing climate change within the real estate information sector.
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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 |
How Carbon Intensive is Costar Realty Information, Inc.'s Industry?
How Carbon Intensive is Costar Realty Information, Inc.'s Location?
Costar Realty Information, Inc.'s Scope 3 Categories Breakdown
Costar Realty Information, Inc.'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.
Top Scope 3 Categories
Costar Realty Information, Inc.'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 Realty Information, Inc. 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.
