Healthpeak Properties

Healthpeak Properties: Carbon Emissions and Climate Commitments

Healthpeak Properties, a real estate services company headquartered in the US, is committed to reducing its environmental impact. The company has set ambitious climate targets, including achieving net-zero emissions by 2050 across Scope 1 and Scope 2.

Carbon Emissions Data:

• 2024: Healthpeak Properties reported Scope 1 emissions of approximately 71,829,000 kg CO2e and Scope 2 emissions of approximately 259,131,000 kg CO2e. The combined Scope 1 and 2 emissions totalled approximately 330,960,000 kg CO2e.
• 2023: Scope 1 emissions were approximately 87,301,000 kg CO2e, and Scope 2 emissions were approximately 305,937,000 kg CO2e, bringing the combined total for Scope 1 and 2 to approximately 393,238,000 kg CO2e.
• 2022: The company reported Scope 1 emissions of approximately 50,259,000 kg CO2e and Scope 2 emissions of approximately 174,469,000 kg CO2e (market-based). Scope 3 emissions were reported for business travel (approximately 25,720 kg CO2e), employee commute (approximately 258,900 kg CO2e), downstream leased assets (approximately 27,813,000 kg CO2e), and waste generated in operations (approximately 10,266,550 kg CO2e). The total Scope 1 and 2 emissions were approximately 224,728,000 kg CO2e.
• 2021: Scope 1 emissions were approximately 53,785,000 kg CO2e, and Scope 2 emissions were approximately 182,115,000 kg CO2e, for a combined Scope 1 and 2 total of approximately 235,900,000 kg CO2e.
• 2020: Scope 1 emissions were approximately 69,861,000 kg CO2e, and Scope 2 emissions were approximately 218,863,000 kg CO2e, with combined Scope 1 and 2 emissions totalling approximately 288,724,000 kg CO2e.
• 2019: Scope 1 emissions were approximately 69,978,000 kg CO2e, and Scope 2 emissions were approximately 276,549,000 kg CO2e, leading to combined Scope 1 and 2 emissions of approximately 346,527,000 kg CO2e.
• 2018: Scope 1 data is not specified for this year, however, Scope 2 emissions were approximately 245,132,000 kg CO2e, and combined Scope 1 and 2 emissions were approximately 299,392,000 kg CO2e.
• 2017: Scope 1 emissions were approximately 52,397,000 kg CO2e, and Scope 2 emissions were approximately 270,057,000 kg CO2e, for a combined Scope 1 and 2 total of approximately 322,454,000 kg CO2e.
• 2016: Scope 1 emissions were approximately 52,257,000 kg CO2e, and Scope 2 emissions were approximately 307,890,000 kg CO2e, with combined Scope 1 and 2 emissions totalling approximately 360,147,000 kg CO2e.
• 2015: Scope 1 emissions were approximately 54,262,000 kg CO2e, Scope 2 emissions were approximately 321,154,000 kg CO2e, and Scope 3 emissions were approximately 185,752,000 kg CO2e. The combined Scope 1 and 2 emissions were approximately 375,416,000 kg CO2e.
• 2014: Scope 1 emissions were approximately 49,369,000 kg CO2e, and Scope 2 emissions were approximately 348,749,000 kg CO2e, for a combined Scope 1 and 2 total of approximately 398,118,000 kg CO2e.
• 2012: Scope 1 emissions data for mobile combustion was reported as 0.0 kg CO2e. Combined Scope 1 and 2 emissions were approximately 245,827,000 kg CO2e.
• 2011: Scope 1 emissions data for mobile combustion was reported as 0.0 kg CO2e. Combined Scope 1 and 2 emissions were approximately 262,647,000 kg CO2e.

Climate Commitments and Reduction Targets:

Healthpeak Properties has established several key climate commitments:

• Net-Zero by 2050: The company aims to achieve net-zero emissions by 2050. This goal applies to both Scope 1 and Scope 2 emissions.
• Science-Based Targets: Healthpeak Properties has committed to the Science Based Targets initiative (SBTi). Their targets include reducing absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 38% by 2033 from a 2018 baseline year. Additionally, they commit to reducing absolute Scope 3 GHG emissions by 19% by 2033 from the same 2018 baseline.
• Absolute Emissions Reduction: The company has a long-term goal of a 37.5% reduction in absolute emissions for Scopes 1 and 2 by 2033, compared to a 2018 baseline. They also have an annual short-term goal of a 2.5% reduction each year.
• Progress Monitoring: Healthpeak Properties tracks progress towards its goals using a "same-store" methodology to account for portfolio changes due to acquisitions and dispositions. This method was validated by the SBTi. Through the end of 2023, the company reported an 18.2% cumulative reduction in Scope 1 and 2 emissions, achieving 49% of their 2033 goal on a like-for-like basis, with a 2.1% reduction in 2023.

Healthpeak Properties is actively engaged in setting and pursuing climate targets to mitigate its environmental footprint within the real estate sector.