Welltower
Welltower Inc., a leading real estate investment trust (REIT), is headquartered in the United States and primarily operates in the senior housing and healthcare sectors. Founded in 1970, Welltower has established itself as a key player in the industry, focusing on enhancing the quality of life for seniors through innovative housing solutions and healthcare services. With a diverse portfolio that includes senior living communities, post-acute care facilities, and outpatient medical centres, Welltower distinguishes itself through strategic partnerships and a commitment to operational excellence. The company has achieved significant milestones, including its recognition as one of the largest healthcare REITs in the world, reflecting its strong market position and dedication to improving health outcomes for older adults.
DitchCarbon Score
How does Welltower's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Real Estate Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Welltower's score of 35 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Welltower's reported carbon emissions
In 2023, Welltower Inc. reported total greenhouse gas emissions of approximately 154,852,000 kg CO2e for Scope 1, 420,986,000 kg CO2e for Scope 2 (market-based), and 266,864,000 kg CO2e for Scope 3 emissions. The combined total for Scope 1 and Scope 2 emissions was about 590,484,000 kg CO2e. Welltower has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 emissions by 28% by 2030, using 2019 as the base year. This target has been validated by the Science Based Targets initiative (SBTi) and is classified as consistent with keeping global warming well below 2°C. The company also plans to measure and reduce its Scope 3 emissions, which include significant categories such as downstream leased assets and waste generated in operations. In 2022, Welltower's emissions were slightly lower, with Scope 1 at approximately 152,058,000 kg CO2e, Scope 2 (market-based) at about 426,603,000 kg CO2e, and Scope 3 at 283,095,000 kg CO2e. The trend indicates a focus on improving sustainability practices within the real estate sector, reflecting a growing commitment to environmental responsibility. Overall, Welltower's emissions data and reduction targets underscore its proactive approach to addressing climate change and enhancing its operational sustainability.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 115,845,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 296,630,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 448,688,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Welltower is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
