Covivio Hotels
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 50 is higher than 77% 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 Hotels's reported carbon emissions
In 2024, Covivio Hotels reported total carbon emissions of approximately 36,583,000 kg CO2e. This figure includes Scope 1 emissions of about 3,874,000 kg CO2e, Scope 2 emissions of approximately 10,126,000 kg CO2e (market-based), and significant Scope 3 emissions totalling around 283,855,000 kg CO2e. The Scope 3 emissions breakdown reveals substantial contributions from purchased goods and services (about 83,844,000 kg CO2e) and downstream leased assets (approximately 49,748,000 kg CO2e). In comparison, the previous year, 2023, Covivio Hotels reported total emissions of about 33,187,000 kg CO2e, with Scope 1 emissions at approximately 3,799,000 kg CO2e and Scope 2 emissions of around 9,173,000 kg CO2e (market-based). Covivio Hotels has set ambitious climate commitments, aiming for a 63% reduction in absolute emissions for Scopes 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 alignment with the Science Based Targets initiative (SBTi) framework, with a long-term goal of achieving net zero carbon emissions across all scopes by 2050. Overall, Covivio Hotels is actively working towards significant emissions reductions while addressing its carbon footprint across various scopes, demonstrating a commitment to sustainability in the hospitality sector.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 1,009,000 | 0,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 2,002,000 | 0,000,000 | 00,000,000 | 0,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | 000,000,000 |
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 Hotels is not participating in any 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.
