Commercial, Energy Efficiency, GHG Emissions, Commercial, Sourcing Renewables - July 24, 2023
Welltower Reduces Emissions by 10%, Uses Green Power
Welltower Inc. achieved a 10% Scope 1 and 2 emissions intensity reduction goal by 2025 over a 2018 baseline ahead of schedule and used over 51,000 megawatt hours of green power, more than doubling its usage since 2021.
A real estate investment trust in healthcare and senior living facilities, the company also issued a second green bond offering of $550 million with net proceeds to be allocated to a portfolio of eligible energy efficiency, water efficiency and/or green building projects and was recognized as an ENERGY STAR® Partner of the Year at the Sustained Excellence Level.
Details were provided in its 2022 Environmental, Social and Governance (ESG) Report.
"It is with great pride that Welltower presents its 2022 Environmental, Social and Governance (ESG) Report," said Shankh Mitra, Welltower's CEO, in a statement. "It was a year of significant achievement across many ESG categories. We have made transformational strides in the quality, scope and integrity of our ESG initiatives and enhanced our data collection processes, transparency and consistency in reporting, resulting in consequential year-over-year improvements. However, we will not be complacent in our successes, as steady improvement in ESG reporting is an ongoing process to which we and our Board of Directors are fully committed."
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