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 55 is higher than 75% 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 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 significant Scope 3 emissions totalling 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. In 2023, the total emissions were slightly higher at about 36,583,000 kg CO2e, with Scope 1 emissions at approximately 3,874,000 kg CO2e and Scope 2 emissions around 10,126,000 kg CO2e. The Scope 3 emissions for that year included significant contributions from downstream leased assets, totalling about 117,061,000 kg CO2e. Covivio Hotels has not publicly disclosed specific reduction targets or initiatives as part of their climate commitments. The absence of SBTi (Science Based Targets initiative) reduction targets indicates a potential area for future development in their sustainability strategy. The company is actively engaged in monitoring and reporting its emissions, but further commitments to reduction strategies would enhance its climate action profile.
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| 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.
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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.
