Covivio Sustainability Profile
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 54 is higher than 72% 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 130.4 million kg CO2e, comprising 2,031,000 kg CO2e from Scope 1, 5,500,000 kg CO2e from Scope 2, and 125,642,000 kg CO2e from Scope 3 emissions. The company has set ambitious climate commitments, aiming for a 63% reduction in absolute emissions across Scopes 1 and 2 by 2030, using 2015 as the baseline year. This target aligns with a 1.5°C trajectory, reflecting Covivio'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 2030. The company is actively working towards these goals, with a focus on enhancing sustainability in its operations and properties. Covivio's initiatives are part of a broader strategy to align with industry standards and contribute to global climate goals.
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Access structured emissions data, company-specific emission factors, and source documents
| 2015 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 6,290,000 | 0,000,000 | 0,000,000 | 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 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000,000 |
| Scope 3 | 548,467,000 | - | - | 000,000,000 | 000,000,000 | - | - | 000,000,000 |
How Carbon Intensive is Covivio's Industry?
How Carbon Intensive is Covivio's Location?
Covivio's Scope 3 Categories Breakdown
Covivio's Scope 3 emissions, which increased by 236% last year and increased by approximately 51% since 2015, 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 "Purchased Goods and Services" being the largest emissions source at 28% of Scope 3 emissions.
Top Scope 3 Categories
Covivio'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 has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Covivio's sustainability data and climate commitments