Covivio

Covivio, a French financial intermediation services company, reported total carbon emissions of approximately 64.3 million kg CO2e in 2022. This figure includes Scope 1 emissions of about 1.5 million kg CO2e, Scope 2 emissions of roughly 3.5 million kg CO2e, and Scope 3 emissions of approximately 59.2 million kg CO2e. Looking back, in 2021, their total emissions were around 48.6 million kg CO2e, with Scope 1 at 2.2 million kg CO2e, Scope 2 at 2.4 million kg CO2e, and Scope 3 at 44.0 million kg CO2e. In 2020, total emissions were about 4.9 million kg CO2e, comprising Scope 1 emissions of roughly 1.8 million kg CO2e and Scope 2 emissions of around 3.1 million kg CO2e, alongside Scope 3 emissions of approximately 69.8 million kg CO2e.

Covivio has set ambitious climate commitments, with Science Based Targets initiative (SBTi) validated targets. They commit to reducing absolute Scope 1 and 2 GHG emissions by 63% by 2030, against a 2015 base year. Additionally, Covivio aims to reduce absolute Scope 3 GHG emissions from purchased goods and services and downstream leased assets by 37.5% by 2030, also from a 2015 base year. These targets are consistent with reductions required to keep warming to 1.5°C. The company also aims for Net Zero Carbon from 2030 for its Scope 1 and 2 emissions and is currently studying the new SBT framework for the real estate sector to align with a 1.5°C trajectory across all scopes and contribute to net-zero carbon by 2050. They further aim to reduce Scope 1 emissions by 30% and Scope 2 emissions by 25% by 2030, using a 2020 baseline. Overall, Covivio aims to reduce its greenhouse gas emissions by 40% by 2030, compared to 2010 levels.