Welltower Sustainability Profile
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 41 is higher than 61% 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. This reflects a slight increase in Scope 1 emissions from 2022, which were approximately 152,058,000 kg CO2e, while Scope 2 emissions (market-based) also saw a marginal rise from 426,603,000 kg CO2e. Welltower has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 greenhouse gas emissions by 28% by 2030, using 2019 as the baseline 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 intends to measure and reduce its Scope 3 emissions, which include significant categories such as downstream leased assets and waste generated in operations. Overall, Welltower's emissions data and climate commitments reflect a proactive approach to addressing climate change within the real estate sector, with a focus on both operational and supply chain emissions.
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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 |
How Carbon Intensive is Welltower's Industry?
How Carbon Intensive is Welltower's Location?
Welltower's Scope 3 Categories Breakdown
Welltower's Scope 3 emissions, which decreased by 6% last year and decreased by approximately 41% since 2018, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 32% of total emissions under the GHG Protocol, with "Downstream Leased Assets" being the largest emissions source at 86% of Scope 3 emissions.
Top Scope 3 Categories
Welltower's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Welltower has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Welltower's sustainability data and climate commitments