Limited third-party assurance by Lloyd's covering Scope 1, 2 and material Scope 3 Welltower obtained limited assurance per ISO 14064-3 / ISAE 3000/3410 covering 100% of Scope 1, Scope 2 (location and market-based), and Scope 3 categories (waste, business travel, employee commuting, downstream leased assets).
▾ expand
SBTi-validated well-below 2°C target set (28% Scope 1+2 reduction by 2030 vs 2019) In July 2022, Welltower committed to reduce Scope 1 and Scope 2 GHG emissions 28% by 2030 from a 2019 base year, and to measure and reduce its Scope 3 emissions. Target approved by Science Based Targets initiative under SME streamlined route.
▾ expand
Increased Scope 3 data coverage Data was collected from 73% of properties for purchased goods and services emissions; emissions increased year over year due to a significant increase of 33% in reported data from value chain.
▾ expand
Scope 1+2 emissions increased ~21% YoY due to acquisitions and unidentified factors Overall scope 1 and 2 market-based emissions increased by 106,436.50 MtCO2e from 500,482.59 in 2021 to 606,919 in 2022. Increase attributed in part to 2022 acquisitions (organic growth, +26,235 tCO2e) and 100,047 tCO2e unidentified.
▾ expand
First portfolio-wide climate scenario analysis (Moody's RCP 8.5) Welltower utilized Moody's Climate on Demand to perform portfolio-wide climate scenario analysis using RCP 8.5, with results shared with the Risk Committee and Board.
▾ expand
Scope 3 reporting expanded to include Cat 5, 6, 7, 13 LRQA assurance covered Scope 3 categories: Business travel (Air), Employee commuting, Waste generated in operations and Downstream leased assets, indicating expanded Scope 3 coverage.
▾ expand
New SBTi-validated near-term target: 28% absolute Scope 1 & 2 reduction by 2030 Welltower set a science-based target approved by SBTi to reduce absolute Scope 1 and 2 GHG emissions 28% by 2030 over a 2019 baseline, in line with well-below 2°C scenario.
▾ expand
Achieved original 10% intensity reduction goal 2 years early Welltower achieved its original Scope 1 & 2 emissions intensity reduction goal (10% by 2025 over 2018 baseline) two years ahead of schedule, reaching 12.2% reduction.
▾ expand
Issued $550M green bond (second issuance) Welltower issued its second green bond of $550 million in 2022, bringing total green bond issuances to $1.05B, with proceeds funding energy efficiency, water efficiency and eligible green building projects.
▾ expand
Launched ESG Steering Committee Cross-functional ESG Steering Committee led by CEO formed in 2022 to oversee ESG matters including climate-related risks, with regular touchpoints with Board, CEO and CFO.
▾ expand
see 10 more events →