As of 2024, Welltower has disclosed 2 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 absolute reduction target and 1 intensity-based target, signaling the company's commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Welltower's climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | -28%a | 2030 |
Intensity-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) per Square Feet (ft2) | -25%a | 2030 |
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As of 2024, Welltower has set greenhouse gas (GHG) emissions reduction targets that cover its operational emissions (Scope 1 and 2), but not its value chain emissions (Scope 3). This means its reduction efforts currently focus on direct and purchased energy emissions.a
As of 2024, Welltower has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.a
Welltower's most ambitious operational target is to reduce these emissions by 28% by 2030, compared to a baseline of 450,654 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019.a
Instead of reducing operational emissions, Welltower has increased them, with 2024 levels exceeding those of the 2019 baseline, placing the company well behind its reduction target.a