Covivio

Covivio, a French financial intermediation services company, reported total carbon emissions of approximately 309.6 million kg CO2e in 2025. This includes about 7.1 million kg CO2e from Scope 1 emissions, 4.9 million kg CO2e from Scope 2 emissions (market-based), and 294.6 million kg CO2e from Scope 3 emissions.

In 2024, Covivio's total carbon emissions were approximately 341 million kg CO2e, comprising about 8.1 million kg CO2e from Scope 1, 14.1 million kg CO2e from Scope 2, and 318.8 million kg CO2e from Scope 3. For 2023, the company reported approximately 1.8 million kg CO2e for Scope 1 and 3 million kg CO2e for Scope 2, with Scope 3 at about 359.6 million kg CO2e.

Covivio has set ambitious climate commitments, with its Science Based Targets initiative (SBTi) approved targets aiming for a 63% reduction in absolute Scope 1 and 2 GHG emissions by 2030 from a 2015 base year. Additionally, Covivio commits to reducing absolute Scope 3 GHG emissions from purchased goods and services and downstream leased assets by 37.5% by 2030 from a 2015 base year. These targets are classified as consistent with a 1.5°C trajectory. The company also aims for Net Zero Carbon contribution from 2030 for its directly managed activities and is studying aligning its Scope 1, 2, and 3 emissions from building use with a 1.5°C trajectory and achieving net-zero carbon by 2050. Specific near-term targets include a 30% reduction in Scope 1 emissions and a 25% reduction in Scope 2 emissions by 2030 from a 2020 baseline.