CoStar Group Inc
CoStar Group's GHG Emissions Data Preview
In 2024, 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 7 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 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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aVerified Sources Behind CoStar Group’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore CoStar Group’s data sources below and access millions more through our Disclosure Search.
Insights into CoStar Group's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of CoStar Group amounted to 13,682 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). a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of CoStar Group increased by 21.7%, suggesting that the company faced challenges in reducing its emissions from its core operations. a
CoStar Group's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are CoStar Group's Scope 1 emissions?
In 2024, the total Scope 1 emissions of CoStar Group were 5,710 metric tons of CO₂ equivalent (tCO₂e). a
Has CoStar Group reduced its Scope 1 emissions over time?
Since 2022, CoStar Group's Scope 1 emissions have increased by 88.76%, reflecting a rising long-term trend in Scope 1 emissions over time. a
Compared to the previous year (2023), CoStar Group's Scope 1 emissions increased by 80.52%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a
What are CoStar Group's Scope 2 emissions?
In 2024, CoStar Group reported Scope 2 greenhouse gas (GHG) emissions of 4,941 tCO₂e using the market-based method and 7,972 tCO₂e using the location-based method. a
Has CoStar Group reduced its Scope 2 emissions over time?
Since 2022, CoStar Group's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have remained relatively stable, indicating that CoStar Group 's emissions have plateaued with no significant change in its energy consumption footprint. a
Compared to the previous year (2023), 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. a
What methodology does CoStar Group use for Scope 2 reporting?
In 2024, CoStar Group reported its Scope 2 emissions using the market-based method and using the location-based method. a
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 2024, CoStar Group reported 196,415 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
The 2024 disclosure of CoStar Group includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a
CoStar Group's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are CoStar Group's Scope 3 emissions?
In 2024, CoStar Group reported total Scope 3 emissions of 196,415 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a
Has CoStar Group reduced its Scope 3 emissions over time?
Since 2022, CoStar Group's Scope 3 emissions have increased by 122.63%, reflecting a rising long-term trend in Scope 3 emissions over time. a
Compared to the previous year (2023), CoStar Group's Scope 3 emissions increased by 68.16%, suggesting that the company faced challenges in reducing emissions across its value chain. a
What categories of Scope 3 emissions does CoStar Group disclose?
In 2024, CoStar Group reported emissions for 7 out of the 15 Scope 3 categories defined by the GHG Protocol. a
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 2024, the largest contributors to CoStar Group's Scope 3 emissions were: a
- Capital Goods (Cat. 2): 104,893 tCO₂e (53.4%)
- Purchased Goods and Services (Cat. 1): 66,183 tCO₂e (33.7%)
- Employee Commuting (Cat. 7): 11,602 tCO₂e (5.91%)
CoStar Group's Scope 3 Emissions by Categories
Insights into CoStar Group’s GHG Emissions Intensity Compared to Industry Peers
In 2024, CoStar Group reported Scope 1 greenhouse gas (GHG) emissions of 5,710 tCO₂e and total revenues of USD 2,736 millions. This translates into an emissions intensity of 2.09 tCO₂e per millions USD. a
CoStar Group's Scope 1 Emissions Intensity Compared to Peers
How does CoStar Group's GHG emissions intensity compare to its peers?
In 2024, CoStar Group reported a Scope 1 emissions intensity of 2.09 tCO₂e per millions USD. Compared to the peer group median of 2.83 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
Where does CoStar Group rank on GHG emissions intensity within its industry?
In 2024, CoStar Group ranked 7 out of 19 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
CoStar Group is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into CoStar Group's Total Carbon Footprint
In 2024, CoStar Group reported a total carbon footprint of 210,097 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 64.08% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a
The largest contributor to CoStar Group's total carbon footprint was Scope 3 emissions, accounting for 93.49% of the company's total carbon footprint, followed by Scope 2 emissions at 3.79%. a