Covivio Hotels Sustainability Profile
Covivio Hotels, a prominent player in the hospitality sector, is headquartered in France and operates extensively across Europe. Founded in 2018, Covivio has quickly established itself as a leader in the hotel investment and management industry, focusing on creating innovative and sustainable hotel experiences. The company’s portfolio includes a diverse range of properties, from luxury hotels to budget accommodations, catering to various market segments. Covivio's unique approach combines strategic partnerships with renowned hotel brands and a commitment to sustainability, setting it apart in a competitive landscape. With a strong market position, Covivio Hotels has achieved notable milestones, including significant expansions in key European cities. Their dedication to quality and guest satisfaction continues to drive their success in the ever-evolving hospitality market.
DitchCarbon Score
How does Covivio Hotels'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 Hospitality 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 Hotels's score of 51 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Covivio Hotels's reported carbon emissions
In 2024, Covivio Hotels reported total carbon emissions of approximately 33,187,000 kg CO2e. This figure includes Scope 1 emissions of about 3,799,000 kg CO2e, Scope 2 emissions of approximately 9,173,000 kg CO2e, and a significant Scope 3 contribution of around 28,385,500 kg CO2e. Notably, the Scope 3 emissions are primarily driven by downstream leased assets, which account for about 162,099,000 kg CO2e. Comparatively, in 2023, the total emissions were about 36,583,000 kg CO2e, with Scope 1 at approximately 3,874,000 kg CO2e and Scope 2 at around 10,126,000 kg CO2e. The data indicates a slight reduction in total emissions from 2023 to 2024. Covivio Hotels has set ambitious climate commitments, aiming for a 63% reduction in absolute emissions for Scope 1 and 2 by 2030, aligned with a 1.5°C trajectory. This target is based on a 2015 baseline. Additionally, the company is exploring a net-zero carbon contribution across all scopes by 2050, reflecting a commitment to long-term sustainability. The emissions data is not cascaded from any parent organization, indicating that Covivio Hotels independently reports its carbon footprint and climate initiatives.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 10,766,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 16,403,000 | 00,000,000 | 0,000,000 |
| Scope 3 | - | 000,000,000 | 000,000,000 |
How Carbon Intensive is Covivio Hotels's Industry?
How Carbon Intensive is Covivio Hotels's Location?
Covivio Hotels's Scope 3 Categories Breakdown
Covivio Hotels's Scope 3 emissions, which increased by 142% last year and increased by approximately 142% since 2023, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Downstream Leased Assets" being the largest emissions source at 57% of Scope 3 emissions.
Top Scope 3 Categories
Covivio Hotels's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Covivio Hotels has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
