Commercial, Energy Efficiency, GHG Emissions - July 1, 2024
Welltower Updates 2030 Goals
Welltower, a real estate investment trust in healthcare and senior living facilities, set new, more ambitious environmental goals, including a 25% reduction in Scope 1 and 2 GHG emissions intensity by 2030 over a 2023 baseline.
Details were released in the company's 2023 Environmental, Social, and Governance Report. The report summarizes Welltower's progress and achievements across a range of ESG initiatives, including those related to environmental responsibility. In it, the company reported 349 green building certifications across the portfolio, a 150%+ increase from 2022.
Welltower also fully allocated $1.04 billion in net proceeds from green bonds due 2027 and 2032 to eligible green building projects, including LEED, BREEAM and ENERGY STAR® certified buildings.
The company was recognized as an ENERGY STAR® Partner of the Year for the fifth consecutive year and maintained the elevated status of Sustained Excellence for the third consecutive year; codified its commitment to environmental stewardship, social well-being and transparent corporate governance in a formal ESG Policy, which was approved by the Board of Directors in early 2024; maintained top 30% ISS QualityScore ranking in environmental and social categories; and maintained a Prime status ISS ESG Corporate Rating.
Welltower was awarded the number one ranking for Corporate Governance among all US REITs by Green Street Advisors.
"The theme of Welltower's 2023 Environmental, Social, and Governance (ESG) Report is Leading by Example, and I am extremely proud to share with you Welltower's industry leading ESG efforts," said Shankh Mitra, Welltower's CEO, in a statement. "At Welltower, our first and foremost focus is on delivering results. Our ESG efforts are no different. We not only strive to meet our defined goals for environmental sustainability, social impact, and corporate governance, but to vigilantly review these goals to measure performance and consistently raise the bar."
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