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Covivio, officially known as Covivio, is a prominent player in the financial intermediation services sector, excluding insurance and pension funding, with its headquarters based in France. Established in 2002, the company has grown to become a key figure in the real estate and property investment markets across Europe, particularly in France, Italy, and Germany.
Specialising in real estate asset management and property development, Covivio offers innovative solutions that combine financial expertise with sustainable property strategies. Its diverse portfolio includes office, hotel, and residential assets, setting it apart through a focus on long-term value creation and responsible investment. Recognised for its market resilience and strategic growth, Covivio continues to strengthen its position as a leading financial intermediary in the European real estate landscape.
80
DitchCarbon score
+43 vs industry average
Covivio’s score of 80 is higher than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Covivio's reported carbon emissions
Covivio, a French financial intermediation services company, reported total carbon emissions of approximately 9.1 million kg CO2e in 2024. This figure includes Scope 1 emissions of approximately 8.1 million kg CO2e, Scope 2 emissions of approximately 14.1 million kg CO2e, and Scope 3 emissions of approximately 318.8 million kg CO2e. In 2023, the company reported Scope 1 emissions of around 1.8 million kg CO2e, Scope 2 emissions of approximately 3.0 million kg CO2e, and Scope 3 emissions of roughly 359.6 million kg CO2e.
Covivio has set several climate commitments. The company aims to achieve "Net Zero Carbon" by 2030 for its directly managed activities, aligning with a 1.5°C trajectory. This involves a 63% reduction in absolute Scope 1 and 2 emissions between 2015 and 2030, covering the operation of common areas in multi-tenant buildings and head offices. Additionally, Covivio is targeting a 30% reduction in Scope 1 emissions and a 25% reduction in Scope 2 emissions by 2030, both against a 2020 baseline. The company also commits to reducing absolute Scope 3 GHG emissions from purchased goods and services and downstream leased assets by 37.5% by 2030, using a 2015 baseline.
Covivio is studying the new SBT framework for the real estate sector, considering alignment with a 1.5°C trajectory for Scope 1, 2, and 3 emissions related to building use, and a net-zero carbon contribution by 2050. The company also aims to align with the "Well-Below 2°C" scenario (between 1.5 and 2°C) for Scope 3 emissions (construction, renovation, operation of private spaces in multi-tenant buildings, single-tenant offices, hotels, and residential) by 2030.
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Covivio’s Climate Goals (2030 & 2050)
3 goals2030
63% reduction in Scope 1
Covivio commits to reduce absolute scope 1 and 2 GHG emissions 63% by 2030 from a 2015 base year.
On track63%
2030
63% reduction in Scope 2
Covivio commits to reduce absolute scope 1 and 2 GHG emissions 63% by 2030 from a 2015 base year.
Behind target63%
2030
37.5% reduction in scope 3 total
Covivio commits to reduce absolute scope 3 GHG emissions from purchased goods and services and downstream leased assets 37.5% by 2030 from a…
Behind target37.5%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
2030 targetSee details
Active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Covivio4 months ago
80
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Frequently asked questions
Common questions about Covivio’s sustainability data and climate commitments
In 2024, Covivio reported total carbon emissions of approximately 9.1 million kg CO2e. This figure is comprised of roughly 8.1 million kg CO2e for Scope 1 emissions, approximately 14.1 million kg CO2e for Scope 2, and around 318.8 million kg CO2e for Scope 3. The substantial contribution from Scope 3 highlights the importance of its supply chain and downstream activities in its overall environmental footprint. This detailed reporting demonstrates Covivio's commitment to transparency in its climate impact.
Data year: 2024
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