In 2024, Welltower completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Welltower has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 154,980a | 132,897a | 152,058b | |
Total Scope 2 | ||||
Market-Based | 321,851a | 271,272a | 426,603b | |
Location-Based | 293,945a | 252,022a | N/A | |
Total Scope 3 | 638,421a | 581,816a | 283,095b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 19.7336a | 20.5144a | 26.3255b |
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In 2024, the total operational greenhouse gas (GHG) emissions of Welltower amounted to 448,925 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Welltower increased by 16.63%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Welltower were 154,980 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Welltower's Scope 1 emissions have increased by 14.53%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Welltower's Scope 1 emissions increased by 16.62%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Welltower reported Scope 2 greenhouse gas (GHG) emissions of 321,851 tCO₂e using the market-based method and 293,945 tCO₂e using the location-based method.a
Since 2019, Welltower's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have remained relatively stable, indicating that Welltower's emissions have plateaued with no significant change in its energy consumption footprint.a
Compared to the previous year (2023), Welltower's Scope 2 emissions (Location-Based) rose by 16.63% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2024, Welltower reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Welltower reported 638,421 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Welltower includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Welltower reported total Scope 3 emissions of 638,421 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 30.22% of these emissions originated from upstream activities such as purchased goods and capital goods, while 69.78% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Welltower's Scope 3 emissionshave remained relatively stable, indicating that Welltower's emissions have plateaued with no significant change in its value chain footprint.a
Compared to the previous year (2023), Welltower's Scope 3 emissions remained relatively stable, indicating that Welltower's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Welltower reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2024, the largest contributors to Welltower's Scope 3 emissions were:a
In 2024, Welltower reported Scope 1 greenhouse gas (GHG) emissions of 154,980 tCO₂e and total revenues of USD 7,854 millions. This translates into an emissions intensity of 19.73 tCO₂e per millions USD.a
In 2024, Welltower reported a Scope 1 emissions intensity of 19.73 tCO₂e per millions USD. Compared to the peer group median of 10.05, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Welltower ranked 17 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Welltower is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Welltower reported a total carbon footprint of 1,087,346 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 12.48% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Welltower's total carbon footprint was Scope 3 emissions, accounting for 58.71% of the company's total carbon footprint, followed by Scope 2 emissions at 27.03%.a