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 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 5,710a | 3,163a | 3,025a | |
Total Scope 2 | ||||
Market-Based | 4,941a | 8,103a | 7,139a | |
Location-Based | 7,972a | 8,079a | 7,422a | |
Total Scope 3 | 196,415a | 116,805a | 88,224a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 2.0868a | 1.2884a | 1.3861a |
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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
In 2024, the total Scope 1 emissions of Costar Group were 5,710 metric tons of CO₂ equivalent (tCO₂e).a
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
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
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
In 2024, Costar Group reported its Scope 2 emissions using the market-based method and using the location-based method.a
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
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
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
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.
In 2024, the largest contributors to Costar Group's Scope 3 emissions were:a
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
In 2024, Costar Group reported a Scope 1 emissions intensity of 2.09 tCO₂e per millions USD. Compared to the peer group median of 3.75, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Costar Group ranked 10 out of 22 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
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