Dedication reinforces CoStar Group’s 2050 net-zero goal and builds upon ongoing efforts to scale back emissions throughout the corporate

WASHINGTON, Could 26, 2023–(BUSINESS WIRE)–Right now, CoStar Group, a number one supplier of on-line actual property marketplaces, data and analytics within the property markets, introduced that its founder and CEO Andy Florance has signed a dedication letter to set near-term and long-term science-based greenhouse gasoline emission discount targets in accordance with the Science Primarily based Targets Initiative (SBTi).

SBTi’s science-based discount targets are aligned with the extent of decarbonization needed to satisfy the targets of the Paris Settlement to succeed in net-zero world emissions by 2050 to restrict world temperature rise to 1.5ºC above pre-industrial ranges.

By signing the SBTi dedication letter, CoStar Group expands upon its prior work to trace and report its baseline greenhouse gasoline emissions, together with its Scope 1, Scope 2 (location and market based mostly) and related Scope 3 emissions, as reported in its 2023 Environmental, Social & Governance (ESG) Report. Prematurely of, and for the reason that launch of the Firm’s 2023 ESG Report, the corporate has, and can proceed to, solicit suggestions from its traders on its local weather associated work so far and priorities for the long run. CoStar Group will now proceed to develop clear, science-based targets which will likely be submitted to and validated by SBTi. SBTi’s program of science-based targets present a transparent pathway for corporations to scale back emissions and mitigate impacts of local weather change, all whereas future-proofing enterprise progress.

“At CoStar Group we’re pleased with our commitments to decreasing our environmental impression, and this is likely one of the pillars of our ESG targets,” stated Andy Florance, CoStar Group Founder and Chief Government Officer.

“Prior to now 12 months alone, we’ve offered greater than 30 million distinctive digital excursions of CoStar properties, leading to an estimated 130,000 metric tons of CO2e averted. We measured our baseline greenhouse gasoline emissions to trace our future progress and continued our work in the direction of decarbonizing our workplace buildings and information facilities. Signing the SBTi dedication letter is a pure subsequent step in our work in the direction of changing into a web zero firm.”

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SBTi is a joint initiative of environmental impression monitoring group CDP, the United Nations International Compact, World Sources Institute (WRI) and the Worldwide Fund for Nature (WWF). The SBTi defines and promotes greatest practices in science-based goal setting, affords assets and steerage to scale back limitations to adoption, and independently assesses and approves corporations’ targets. Go to sciencebasedtargets.org for extra data and to view the dedication letter.

For extra details about CoStar Group’s ESG Report, go to https://traders.costargroup.com/ESG/default.aspx, and on ESG commitments, go to www.costargroup.com/corporate-responsibility.

About CoStar Group

CoStar Group (NASDAQ: CSGP), is a number one supplier of on-line actual property marketplaces, data, and analytics within the property markets. Based in 1987, CoStar conducts expansive, ongoing analysis to supply and keep the biggest and most complete database of business actual property data. Our suite of on-line providers permits shoppers to investigate, interpret and acquire unmatched perception on industrial property values, market circumstances and present availabilities. STR gives premium information benchmarking, analytics, and market insights for the worldwide hospitality {industry}. Ten-X gives a number one platform for conducting industrial actual property on-line auctions and negotiated bids. LoopNet is probably the most closely trafficked industrial actual property market on-line. Residences.com, ApartmentFinder.com, ForRent.com, ApartmentHomeLiving.com, Westside Leases, AFTER55.com, CorporateHousing.com, ForRentUniversity.com and Apartamentos.com kind the premier on-line condominium useful resource for renters in search of nice condominium houses and supply property managers and house owners a confirmed platform for advertising their properties. Homesnap is an industry-leading on-line and cell software program platform that gives user-friendly functions to optimize residential actual property agent workflow and reinforce the agent-client relationship. Houses.com is the quickest rising on-line residential market that connects brokers, consumers, and sellers. BureauxLocaux is likely one of the largest specialised property portals for purchasing and leasing industrial actual property in France. Enterprise Immo is France’s main industrial actual property information service. CoStar Group’s web sites entice tens of tens of millions of distinctive month-to-month guests. Headquartered in Washington, DC, CoStar Group maintains workplaces all through the U.S., Europe, Canada, and Asia. Sometimes, we plan to make the most of our company web site, CoStarGroup.com, as a channel of distribution for materials firm data. For extra data, go to CoStarGroup.com.

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Contacts

Information Media
Matthew Blocher
CoStar Group
(202) 346-6775
mblocher@costargroup.com