Costar
CoStar Group, Inc., commonly referred to as CoStar, is a leading provider of commercial real estate information, analytics, and online marketplaces. Headquartered in the United States, CoStar operates extensively across North America and Europe, serving a diverse clientele in the real estate sector. Founded in 1987, the company has achieved significant milestones, including the acquisition of several key firms that have expanded its data offerings. CoStar's core products include comprehensive databases, market analytics, and property research tools, which are distinguished by their depth and accuracy. The company holds a prominent position in the commercial real estate industry, recognised for its innovative solutions that empower professionals to make informed decisions. With a commitment to excellence, CoStar continues to set the standard for real estate intelligence, solidifying its reputation as a trusted resource in the market.
DitchCarbon Score
How does Costar'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 Real Estate Services 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
Costar's score of 60 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Costar's reported carbon emissions
In 2024, CoStar Group reported total carbon emissions of approximately 207,066,000 kg CO2e globally, with specific emissions of about 5,710,000 kg CO2e from Scope 1 and approximately 196,415,000 kg CO2e from Scope 3. In the US, their Scope 1 emissions were about 5,481,000 kg CO2e, primarily from mobile combustion, while Scope 3 emissions included approximately 1,201,000 kg CO2e from waste generated in operations. CoStar has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its value chain by 2050. Near-term targets include a 54.6% reduction in absolute Scope 1 and 2 emissions by 2033 from a 2023 baseline, alongside a 61.1% reduction in Scope 3 emissions from capital goods per USD value added. Additionally, they aim for 75.3% of their suppliers, by spend on purchased goods and services, to have science-based targets by 2029. The company has also established a target to reduce Scope 1 emissions from domestic operations by 50% by 2025 compared to 2013 levels. Long-term, CoStar is committed to a 90% reduction in absolute Scope 1 and 2 emissions by 2050 and a 97% reduction in Scope 3 emissions per USD value added within the same timeframe. These initiatives reflect CoStar's dedication to addressing climate change and reducing its carbon footprint.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 3,025,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 7,139,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 88,224,000 | 000,000,000 | 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.
Costar 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.
