Welltower Inc

Common Name
Welltower
Country
United States
Sector
Real Estate
Industry
REIT - Healthcare Facilities
Employees
685
Ticker
WELL
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Welltower Inc. is a real estate investment trust (REIT) primarily focused on owning, managing, and financing healthcare infrastructure. As a leader in the senior housing and care industry, Welltower p...

Welltower's GHG Emissions Data Preview

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)2024202320222021 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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b
0000000
Location-Based
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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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b
0000000
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Verified Sources Behind Welltower’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Welltower’s data sources below and access millions more through our Disclosure Search.

a. Welltower's Sustainability Report 2024
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b. Welltower's ESG Report 2023
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c. Welltower's ESG Report 2021
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Insights into Welltower's Operational Emissions

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

Welltower's Scope 1 Emissions Over Time

2018201920202021202220232024040 k80 k120 k160 ktCO2e+17%-6%+16%+3%-13%+17%
  • Total Scope 1
  • Year-over-Year Change

What are Welltower's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Welltower were 154,980 metric tons of CO₂ equivalent (tCO₂e). a

Has Welltower reduced its Scope 1 emissions over time?

Since 2018, Welltower's Scope 1 emissions have increased by 33.78%, reflecting a rising long-term trend in Scope 1 emissions over time. a b

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

What are Welltower's Scope 2 emissions?

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

Has Welltower reduced its Scope 2 emissions over time?

Since 2018, 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 c

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 energy a

What methodology does Welltower use for Scope 2 reporting?

In 2024, Welltower reported its Scope 2 emissions using the market-based method and using the location-based method. a

Welltower's Scope 2 Emissions Over Time

20182019202020212022202320240150 k300 k450 k600 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Welltower's Value Chain Emissions

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

Welltower's Scope 3 Emissions Over Time

20182019202020212022202320240200 k400 k600 k800 ktCO2e+38%-39%-8%-19%+106%+10%
  • Total Scope 3
  • Year-over-Year Change

What are Welltower's Scope 3 emissions?

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

Has Welltower reduced its Scope 3 emissions over time?

Since 2018, Welltower's Scope 3 emissions have increased by 42.29%, reflecting a rising long-term trend in Scope 3 emissions over time. a b

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

What categories of Scope 3 emissions does Welltower disclose?

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.

What are the main sources of Welltower's Scope 3 emissions?

In 2024, the largest contributors to Welltower's Scope 3 emissions were: a

  • Downstream Leased Assets (Cat. 13): 445,513 tCO₂e (69.78%)
  • Fuel- and Energy-Related Services (Cat. 3): 110,319 tCO₂e (17.28%)
  • Waste Generated in Operations (Cat. 5): 79,414 tCO₂e (12.44%)

Welltower's Scope 3 Emissions by Categories

Fuel- andEnergy-RelatedServices (Cat. 3)(17.3%)Waste Generated inOperations (Cat. 5)(12.4%)Downstream LeasedAssets (Cat. 13)(69.8%)

Insights into Welltower's Total Carbon Footprint

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

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