CoStar Group Inc
CoStar Group's GHG Emissions Data Preview
In 2023, CoStar Group completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).
CoStar Group has also provided a category-level breakdown for 8 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Market-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Location-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 3 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
Insights into CoStar Group's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of CoStar Group amounted to 11,218 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).
Compared to 2022, the total operational greenhouse gas (GHG) emissions of CoStar Group increased by 7.38%, suggesting that the company faced challenges in reducing its emissions from its core operations.
CoStar Group's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are CoStar Group's Scope 1 emissions?
In 2023, the total Scope 1 emissions of CoStar Group were 3,139 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Compared to the previous year (2022), CoStar Group's Scope 1 emissions increased by 3.77%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.
What are CoStar Group's Scope 2 emissions?
In 2023, CoStar Group reported Scope 2 greenhouse gas (GHG) emissions of 8,103 tCOâ‚‚e using the market-based method, and 8,079 tCOâ‚‚e using the location-based method.
Has CoStar Group reduced its Scope 2 emissions over time?
Compared to the previous year (2022), CoStar Group's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that CoStar Group 's emissions have plateaued with no significant change in its energy consumption footprint.
What methodology does CoStar Group use for Scope 2 reporting?
In 2023, CoStar Group reported its Scope 2 emissions using the market-based method and using the location-based method.
CoStar Group's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into CoStar Group's Value Chain Emissions
In 2023, CoStar Group reported 117,078 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.
The 2023 disclosure of CoStar Group includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.
CoStar Group's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are CoStar Group's Scope 3 emissions?
In 2023, CoStar Group reported total Scope 3 emissions of 117,078 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Approximately 99.77% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0.23% came from downstream activities like product use, distribution, and end-of-life treatment.
Compared to the previous year (2022), CoStar Group's Scope 3 emissions increased by 32.71%, suggesting that the company faced challenges in reducing emissions across its value chain.
What categories of Scope 3 emissions does CoStar Group disclose?
In 2023, CoStar Group reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol.
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of CoStar Group's Scope 3 emissions?
In 2023, the largest contributors to CoStar Group's Scope 3 emissions were:
- Purchased Goods and Services (Cat. 1): 60,385 tCOâ‚‚e (51.58%)
- Capital Goods (Cat. 2): 34,627 tCOâ‚‚e (29.58%)
- Business Travel (Cat. 6): 9,184 tCOâ‚‚e (7.84%)
CoStar Group's Scope 3 Emissions by Categories
Insights into CoStar Group's Total Carbon Footprint
In 2023, CoStar Group reported a total carbon footprint of 128,296 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 30.03% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.
The largest contributor to CoStar Group's total carbon footprint was Scope 3 emissions, accounting for 91.26% of the company's total carbon footprint, followed by Scope 2 emissions at 6.3%.