Welltower

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 (-30 /-7.8% y-o-y). This is a higher rate of decline than over the period since 4Q'18 (-6.1% CAGR).

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.