CoStar Group Releases 2024 Environmental, Social, and Governance Report

Rhea-AI Summary

CoStar Group (NASDAQ: CSGP), a leader in online real estate marketplaces and analytics, has published its 2024 Environmental, Social, and Governance (ESG) Report.

The report underscores the company's dedication to sustainability, diversity, equity, inclusion (DEI), and responsible governance. In 2023, CoStar signed the Science Based Targets Initiative and improved scores from MSCI, Sustainalytics, ISS, and JUST Capital.

Key achievements include over 1,000 internal promotions, extensive training opportunities, and a diversified supplier network. CoStar also emphasized its commitment to environmental sustainability and social equity.

The report highlights CoStar's values and accomplishments in areas such as sustainability, DEI, community impact, volunteerism, and corporate governance.

Positive

• Improved ESG scores from MSCI, Sustainalytics, ISS, and JUST Capital.
• Signed onto the Science Based Targets Initiative for the first time.
• Celebrated over 1,000 internal promotions in 2023.
• Provided extensive training opportunities for employees.
• Diversified supplier network as part of DEI initiatives.

Negative

• No specific financial data or direct business performance metrics were provided.
• The report lacks detailed quantitative targets for future ESG initiatives.

Annual report underscores CoStar Group’s commitment to being a more diverse, efficient and transparent organization for its employees, communities and stakeholders

WASHINGTON--(BUSINESS WIRE)-- CoStar Group (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, today published its 2024 Environmental, Social, and Governance Report. The report highlights the company’s commitment to making business decisions that prioritize its people, communities and shareholders through meaningful environmental, social and governance (ESG) practices.

“Throughout 2023, we experienced incredible successes across our environmental, social and governance efforts,” said Andy Florance, Founder and Chief Executive Officer of CoStar Group. “For the first time, we signed onto the Science Based Targets Initiative while continuing to improve our scores with industry standard rating agencies MSCI, Sustainalytics, ISS and JUST Capital. We have also continued to make strides in our professional initiatives, including celebrating over 1,000 internal promotions and providing ample training opportunities. Our continuing commitment to DEI initiatives included diversifying our supplier network and creating and supporting a team comprising various backgrounds and experiences. Our ability to digitize the world’s real estate stems from a commitment to our shared environment, our diverse and equitable workforce, and our responsible and thoughtful governance. We’re proud of the advances made thus far and look forward to continuing this important work in 2024.”

The full report lays out CoStar Group's values and achievements in areas including sustainability, diversity, equity, and inclusion (DEI), community impact and volunteerism, corporate governance, and more. Collectively, it represents the company’s commitment to attaining greater environmental sustainability, transparency, and fairness in all aspects of its operations.

To learn more about CoStar Group’s commitment to positive ESG practices or to read the company’s 2024 report, visit investors.costargroup.com/ESG.

About CoStar Group, Inc.
CoStar Group (NASDAQ: CSGP) is a leading provider of online real estate marketplaces, information, and analytics in the property markets. Founded in 1987, CoStar Group conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of real estate information. CoStar is the global leader in commercial real estate information, analytics, and news, enabling clients to analyze, interpret and gain unmatched insight on property values, market conditions and availabilities. Apartments.com is the leading online marketplace for renters seeking great apartment homes, providing property managers and owners a proven platform for marketing their properties. LoopNet is the most heavily trafficked online commercial real estate marketplace with over twelve million monthly global unique visitors. STR provides premium data benchmarking, analytics, and marketplace insights for the global hospitality industry. Ten-X offers a leading platform for conducting commercial real estate online auctions and negotiated bids. Homes.com is the fastest growing online residential marketplace that connects agents, buyers, and sellers. OnTheMarket is a leading residential property portal in the United Kingdom. BureauxLocaux is one of the largest specialized property portals for buying and leasing commercial real estate in France. Business Immo is France’s leading commercial real estate news service. Thomas Daily is Germany’s largest online data pool in the real estate industry. Belbex is the premier source of commercial space available to let and for sale in Spain. CoStar Group’s websites attracted over 160 million unique monthly visitors in September 2023. Headquartered in Washington, DC, CoStar Group maintains offices throughout the U.S., Europe, Canada, and Asia. From time to time, we plan to utilize our corporate website, CoStarGroup.com, as a channel of distribution for material company information. For more information, visit CoStarGroup.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240523648475/en/

INVESTOR RELATIONS:

Cyndi Eakin

Senior Vice President

CoStar Group Investor Relations

(202) 346-6784

ceakin@costar.com

News Media:

Matthew Blocher

CoStar Group

(202) 346-6775

mblocher@costargroup.com

Source: CoStar Group

FAQ

What is CoStar Group's stock symbol?

CoStar Group's stock symbol is CSGP.

What does CoStar Group's 2024 ESG Report highlight?

The report highlights CoStar's commitment to sustainability, DEI, community impact, and governance.

What notable ESG achievements did CoStar Group have in 2023?

CoStar improved ESG scores, signed the Science Based Targets Initiative, and celebrated over 1,000 internal promotions.

How did CoStar Group improve its ESG ratings in 2023?

CoStar improved its ESG ratings by enhancing its environmental, social, and governance practices.

What initiatives are included in CoStar Group's DEI commitment?

CoStar's DEI initiatives include diversifying its supplier network and supporting a diverse team.