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.
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 46 is higher than 94% 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 2023, Covivio reported total carbon emissions of approximately 157,876,000 kg CO2e, with emissions distributed across various scopes: 1,771,000 kg CO2e (Scope 1), 3,012,000 kg CO2e (Scope 2), and 125,642,000 kg CO2e (Scope 3). The total emissions from Scopes 1 and 2 combined were about 4,783,000 kg CO2e. Covivio has set ambitious climate commitments, aiming for a 63% reduction in absolute emissions from Scopes 1 and 2 by 2030, using 2015 as the baseline year. This target aligns with a 1.5°C trajectory, reflecting the company's commitment to achieving "Net Zero Carbon" contributions by 2030. Additionally, Covivio plans to reduce Scope 3 emissions from purchased goods and services and downstream leased assets by 37.5% by the same year. In terms of specific initiatives, Covivio aims to reduce Scope 1 emissions by 30% and Scope 2 emissions by 25% from a 2020 baseline by 2030. The company is also targeting a 25% reduction in energy consumption in its tertiary assets by 2030, based on 2019 levels. Overall, Covivio's comprehensive approach to carbon emissions reduction demonstrates its commitment to sustainability and climate action within the real estate sector.
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| 2015 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 6,290,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 0,000,000 |
| Scope 2 | 14,952,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 000,000 | 0,000,000 |
| Scope 3 | 433,298,000 | - | 00,000,000 | 000,000,000 | - | - | 0,000,000 |
Industry emissions intensity
Location emissions 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 participating in some of the initiatives that 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.
