Healthpeak Properties, Inc

Industrial & Office REITs

PEAK

$ 31 1.2

Share price

$ 16 bn

Market Cap

$ 25 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.42x the weighted average for S&P 500

FY2020

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -5.1% weighted average for S&P 500

FY2021

Healthpeak Properties, Inc aims to reduce Scope 1 + 2 by 37.5% by 2033 from a base year 2018

<2°C

Secondary Climate Goal

Proj. YOY change in GHG emissions (Scope 3)

FY2021

Healthpeak Properties, Inc aims to reduce Scope 3 by 18.5% by 2033 from a base year 2018

This target is most likely outdated and the company appears to have already achieved it

<2°C

GHG emissions and Carbon intensity

Healthpeak Properties, Inc reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 289 Kt (-58 /-16.7% y-o-y). Also positively, carbon intensity plunged to 176 t (-104 /-37.2% y-o-y).

Healthpeak Properties, Inc's Scope 3 emissions decreased to 29 Kt (-33 /-53.3% y-o-y). The decline accelerated compared to the CAGR of -32.3% since 4Q'18.

The company is committed to reducing Scope 1 + 2 by 37.5% by 2033 from a base year 2018, which translates into the estimated reduction of -7.8 Kt per annum over the period of FY2021 - FY2033. This science-based target is aligned with Paris Agreement to limit global warming to <2°C above pre-industrial levels.

Also, the company commits to reducing Scope 3 by 18.5% by 2033 from a base year 2018, which it appears to have already achieved as of 2020. This science-based target is aligned with Paris Agreement to limit global warming to <2°C above pre-industrial levels.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2020Q4	289	70	219	29	1,645	176
2019Q4	347	70	277	61	1,240	279
2018Q4	299	54	245	92	1,847	162
2017Q4	318	51	267	17	1,848	172
2016Q4	360	52	308		2,129	169