Public Profile

Covivio

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.

45

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.

13

Industry Benchmark

Covivio's score of 45 is higher than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.

94%

Covivio's reported carbon emissions

In 2023, Covivio reported total carbon emissions of approximately 157,876,000 kg CO2e in France, with emissions broken down into Scope 1 at about 1,771,000 kg CO2e, Scope 2 at approximately 3,012,000 kg CO2e, and Scope 3 at around 125,642,000 kg CO2e. This reflects a significant commitment to reducing greenhouse gas emissions across all scopes. Covivio has set ambitious targets to reduce its carbon footprint, committing to a 63% reduction in absolute Scope 1 and 2 emissions by 2030, using 2015 as the baseline year. Additionally, the company aims for a 37.5% reduction in absolute Scope 3 emissions, which include those from purchased goods and services as well as downstream leased assets, also by 2030. These targets align with the Science Based Targets initiative (SBTi) and are designed to contribute to limiting global warming to 1.5°C. Covivio's proactive approach in addressing climate change underscores its commitment to sustainability within the real estate sector.

Unlock detailed emissions data

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Add to project
201520192020202120222023
Scope 1
6,290,000
0,000,000
0,000,000
0,000,000
0,000,000
0,000,000
Scope 2
14,952,000
0,000,000
0,000,000
0,000,000
0,000,000
0,000,000
Scope 3
433,298,000
00,000,000
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-
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Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Covivio's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. Covivio is headquartered in FR, which has a rank of very low, indicating very low grid carbon intensity.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

Covivio is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
Carbon Disclosure Project
The Climate Pledge
UN Global Compact

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers