Covivio Sustainability Profile
Covivio, formerly known as Foncière des Régions, is a leading European real estate company headquartered in France. Established in 1998, Covivio has evolved into a prominent player in the property investment sector, with significant operations across France, Germany, and Italy. The company focuses on developing and managing high-quality office spaces, residential properties, and hotels, distinguished by their sustainable design and innovative features. With a commitment to enhancing urban living, Covivio has achieved notable milestones, including a robust portfolio that reflects its strategic vision for sustainable development. The company is recognised for its strong market position, consistently ranking among the top real estate firms in Europe. Covivio's unique approach to property management and development not only meets the evolving needs of tenants but also contributes to the broader goal of creating vibrant, sustainable communities.
DitchCarbon Score
How does Covivio'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 Financial Intermediation 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
Covivio's score of 60 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Covivio's reported carbon emissions
In 2024, Covivio reported total greenhouse gas emissions of approximately 4,680,000 kg CO2e, with Scope 1 emissions at about 1,502,000 kg CO2e, Scope 2 emissions at approximately 1,089,000 kg CO2e (market-based), and Scope 3 emissions reaching about 427,625,000 kg CO2e. The previous year, 2023, saw total emissions of about 4,788,000 kg CO2e, with Scope 1 at approximately 1,161,000 kg CO2e and Scope 2 at around 928,000 kg CO2e (market-based). Covivio has set ambitious climate commitments, aiming for a 63% reduction in absolute Scope 1 and 2 emissions by 2030 from a 2015 baseline. This target aligns with a 1.5°C trajectory and includes a commitment to reduce Scope 3 emissions from purchased goods and services and downstream leased assets by 37.5% by the same year. Additionally, Covivio aims to achieve a 30% reduction in Scope 1 emissions and a 25% reduction in Scope 2 emissions from a 2020 baseline by 2030. The company is also exploring alignment with the Science Based Targets initiative (SBTi) framework for the real estate sector, with a long-term goal of achieving net zero carbon emissions by 2050. Covivio's efforts reflect a strong commitment to sustainability and reducing its carbon footprint in the real estate industry.
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| 2010 | 2015 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 815,000 | 0,000,000 | 0,000,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 3,144,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 0,000,000 | 000,000 | 0,000,000 |
| Scope 3 | - | 000,000,000 | - | - | 000,000,000 | 000,000,000 | - | 0,000,000 | 000,000,000 |
How Carbon Intensive is Covivio's Industry?
How Carbon Intensive is Covivio's Location?
Covivio's Scope 3 Categories Breakdown
Covivio's Scope 3 emissions, which increased significantly last year and decreased by approximately 1% since 2015, 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 "Purchased Goods and Services" being the largest emissions source at 53% of Scope 3 emissions.
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Covivio'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.
Covivio 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.
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Frequently Asked Questions
Common questions about Covivio's sustainability data and climate commitments