In 2024, Zillow 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).
Zillow Group has also provided a category-level breakdown for 11 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 | 0a | 197a | 4,258a | |
Total Scope 2 | ||||
Market-Based | 360a | 363a | 3,567a | |
Location-Based | 2,338a | 3,417a | 6,013a | |
Unspecified Calculation Method | N/A | N/A | N/A | |
Total Scope 3 | 78,534a | 79,806a | 2,891,364a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0a | 0.1013a | 2.1747a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Zillow Group amounted to 2,338 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 Zillow Group decreased by 35.31%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Zillow Group were 0 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Zillow Group's Scope 1 emissions have decreased by 100%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Zillow Group's Scope 1 emissions decreased by 100%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Zillow Group reported Scope 2 greenhouse gas (GHG) emissions of 360 tCO₂e using the market-based method and 2,338 tCO₂e using the location-based method.a
Compared to the previous year (2023), Zillow Group's Scope 2 emissions (Location-Based) fell by 31.58% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, Zillow Group reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Zillow Group reported 78,534 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 Zillow Group includes a breakdown across 10 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, Zillow Group reported total Scope 3 emissions of 78,534 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 90.06% of these emissions originated from upstream activities such as purchased goods and capital goods, while 9.94% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Zillow Group's Scope 3 emissions have decreased by 97.21%, reflecting a declining long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Zillow Group's Scope 3 emissions remained relatively stable, indicating that Zillow Group's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Zillow Group reported emissions for 10 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This reflects a high level of granularity and transparency in the company's emissions reporting.
In 2024, the largest contributors to Zillow Group's Scope 3 emissions were:a
In 2023, Zillow Group reported Scope 1 greenhouse gas (GHG) emissions of 197 tCO₂e and total revenues of USD 1,945 millions. This translates into an emissions intensity of 0.1 tCO₂e per millions USD.a
In 2023, Zillow Group reported a Scope 1 emissions intensity of 0.1 tCO₂e per millions USD. Compared to the peer group median of 0.2, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2023, Zillow Group ranked 5 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Zillow Group among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2024, Zillow Group reported a total carbon footprint of 80,872 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3.05% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Zillow Group's total carbon footprint was Scope 3 emissions, accounting for 97.11% of the company's total carbon footprint, followed by Scope 2 emissions at 2.89%.a