CoStar Group Highlights Green Initiatives in Recognition of Earth Day
April 22 2022 - 3:49PM
Business Wire
Greener Push Comes Just Months after Company
Published First ESG Report, Underscoring CoStar Group’s Commitment
to Excellence and Transparency for ESG Practices
In honor of Earth Day, CoStar Group, Inc. (NASDAQ: CSGP) – a
leading provider of online real estate marketplaces, information,
and analytics in the commercial and residential property markets –
has underscored the company’s commitment to a greener tomorrow by
reflecting on a suite of environmental initiatives.
Key initiatives include a significant technology recycling
program, which resulted in more than five tons of computer
equipment being recycled in the last year alone; mass transit
benefits for employees to encourage a reduction in fuel
consumption; and growing the company’s Field Research fleet of
electric and hybrid vehicles, which has reduced fuel consumption by
160,000 gallons per year.
“For the past several years, CoStar Group has enacted policies
and initiatives aimed at pushing us toward a greener tomorrow,”
said Andrew C. Florance, Founder and CEO, CoStar Group. “We
understand the importance of speaking out about these initiatives
and our commitment to them. As a leader in the commercial real
estate industry, we must lead by example. Our goal is to encourage
more companies and our clients to take action and take
sustainability seriously.”
CoStar Group also made a significant push to greatly reduce the
company’s physical footprint, particularly by reducing its number
of physical data center locations by over 75%. Much of the
company’s remaining physical footprint consists of LEED certified
and/or Energy Star rated buildings that have updated base and
mechanical systems to improve energy and water efficiencies.
The company is also working to make green rating sustainability
data more accessible than ever before, opening it to all CoStar
subscribers to help encourage environmental consciousness.
To learn more about CoStar’s commitment to positive ESG
practices or to read the company’s 2022 report, visit
www.investors.costargroup.com/ESG/default.aspx.
About CoStar Group, Inc.
CoStar Group, Inc. (NASDAQ: CSGP) is a leading provider of
online real estate marketplaces, information and analytics. Founded
in 1987, CoStar conducts expansive, ongoing research to produce and
maintain the largest and most comprehensive database of commercial
real estate information. Our suite of online services enables
clients to analyze, interpret and gain unmatched insight on
commercial property values, market conditions and current
availabilities. STR provides premium data benchmarking, analytics
and marketplace insights for the global hospitality industry. Ten-X
provides a leading platform for conducting commercial real estate
online auctions and negotiated bids. LoopNet is the most heavily
trafficked commercial real estate marketplace online.
Apartments.com, ApartmentFinder.com, ForRent.com,
ApartmentHomeLiving.com, Westside Rentals, AFTER55.com,
CorporateHousing.com, ForRentUniversity.com and Apartamentos.com
form the premier online apartment resource for renters seeking
great apartment homes and provide property managers and owners a
proven platform for marketing their properties. Homesnap is an
industry-leading online and mobile software platform that provides
user-friendly applications to optimize residential real estate
agent workflow and reinforce the agent-client relationship.
Homes.com offers real estate professionals advertising and
marketing services for residential properties. Realla is the UK’s
most comprehensive commercial property digital marketplace.
BureauxLocaux is one of the largest specialized property portals
for buying and leasing commercial real estate in France. CoStar
Group’s websites attract tens of millions of unique monthly
visitors. 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,
www.costargroup.com, as a channel of distribution for material
company information. For more information, visit
CoStarGroup.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220422005595/en/
Media: Matthew Blocher CoStar Group mblocher@costar.com
202.346.6775
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