Welltower Inc
Welltower's GHG Emissions Data Preview
In 2023, 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 4 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Market-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Location-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 3 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
Insights into Welltower's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Welltower amounted to 590,393 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).
Compared to 2022, the total operational greenhouse gas (GHG) emissions of Welltower increased by 2.03%, suggesting that the company faced challenges in reducing its emissions from its core operations.
Welltower's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Welltower's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Welltower were 154,761 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Has Welltower reduced its Scope 1 emissions over time?
Since 2018, Welltower's Scope 1 emissions have increased by 33.59%, reflecting a rising long-term trend in Scope 1 emissions over time.
Compared to the previous year (2022), Welltower's Scope 1 emissions increased by 1.78%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.
What are Welltower's Scope 2 emissions?
In 2023, Welltower reported Scope 2 greenhouse gas (GHG) emissions of 420,986 tCOâ‚‚e using the market-based method, and 435,632 tCOâ‚‚e using the location-based method.
Has Welltower reduced its Scope 2 emissions over time?
Since 2018, Welltower's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 40.26%, reflecting a rising long-term trend in Scope 2 emissions over time.
What methodology does Welltower use for Scope 2 reporting?
In 2023, Welltower reported its Scope 2 emissions using the market-based method and using the location-based method.
Welltower's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Welltower's Value Chain Emissions
In 2023, Welltower reported 266,864 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.
The 2023 disclosure of Welltower includes a breakdown across 4 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain
Welltower's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Welltower's Scope 3 emissions?
In 2023, Welltower reported total Scope 3 emissions of 266,864 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Approximately 14.03% of these emissions originated from upstream activities such as purchased goods and capital goods, while 85.97% came from downstream activities like product use, distribution, and end-of-life treatment.
Has Welltower reduced its Scope 3 emissions over time?
Since 2018, Welltower's Scope 3 emissions have decreased by 40.52%, reflecting a declining long-term trend in Scope 3 emissions over time.
Compared to the previous year (2022), Welltower's Scope 3 emissions remained relatively stable, indicating that Welltower 's emissions have plateaued with no significant change in its value chain footprint.
What categories of Scope 3 emissions does Welltower disclose?
In 2023, Welltower reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol.
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Welltower's Scope 3 emissions?
In 2023, the largest contributors to Welltower's Scope 3 emissions were:
- Downstream Leased Assets (Cat. 13): 229,420 tCOâ‚‚e (85.97%)
- Waste Generated in Operations (Cat. 5): 34,078 tCOâ‚‚e (12.77%)
- Business Travel (Cat. 6): 2,234 tCOâ‚‚e (0.84%)
Welltower's Scope 3 Emissions by Categories
Insights into Welltower's Total Carbon Footprint
In 2023, Welltower reported a total carbon footprint of 857,257 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.52% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.
The largest contributor to Welltower's total carbon footprint was Scope 2 emissions, accounting for 50.82% of the company's total carbon footprint, followed by Scope 3 emissions at 31.13%.