Primary Climate Goal
Welltower's target annual all Scopes emissions for 2025 should be equal to 775 Kt = 10% * 861 Kt, according to the company's stated climate goal.
In order to achieve this goal, Welltower would need to reduce its emissions at least by -18 Kt per annum over the period from 2022 to 2025:
-18 Kt = ( 775 Kt - 849 Kt ) / (2025 - 2021)
This translates into a -2.2% reduction in 2022.
The projected range shown on the chart is based on the Exerica's algorithm which takes account of both the company's stated goal and its past performance.
Welltower aims to reduce all Scopes by 10% by 2025 from a base year 2018
Science Based Targets initiative In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
GHG emissions and Carbon intensity
Scope 1 + 2 GHG emissions (in tons of CO2e) divided by the company's Revenues (in USDm) for the same period
Welltower reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 500 Kt (+31/+6.7% y-o-y). Carbon intensity also grew to 106 t (+3.7/+3.6% y-o-y).
Welltower's Scope 3 emissions declined to 349 Kt (
The company is committed to reducing all Scopes by 10% by 2025 from a base year 2018, which translates into the estimated reduction of -18 Kt per annum over the period of FY2022 - FY2025. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.
Welltower also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. This target was approved using a streamlined target validation route exclusive to small and medium-sized enterprises (SMEs). https://sciencebasedtargets.org/faqs-for-smes/ Welltower Inc. commits 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.