Covivio

Covivio, a French financial intermediation services company, reported total carbon emissions of approximately 9.1 million kg CO2e in 2024. This included approximately 8.1 million kg CO2e from Scope 1 emissions, 14.1 million kg CO2e from Scope 2 emissions, and 318.8 million kg CO2e from Scope 3 emissions. In 2023, total emissions were not specified, but Scope 1 emissions were 1.77 million kg CO2e, Scope 2 emissions were 3.01 million kg CO2e, and Scope 3 emissions were 359.6 million kg CO2e.

Covivio has set Science Based Targets initiative (SBTi) approved targets to reduce absolute Scope 1 and 2 GHG emissions by 63% by 2030 from a 2015 base year. Additionally, they aim to reduce absolute Scope 3 GHG emissions from purchased goods and services and downstream leased assets by 37.5% by 2030 from a 2015 base year. The company is also working towards a "Net Zero Carbon" contribution from 2030 for its directly managed activities, aligning with a 1.5°C trajectory. They have further commitments to reduce Scope 1 emissions by 30% and Scope 2 emissions by 25% from a 2020 baseline by 2030. Covivio is currently exploring the new SBT framework for the real estate sector to align with a 1.5°C trajectory across Scopes 1, 2, and 3 related to building use, targeting a net-zero carbon contribution by 2050.