SAN FRANCISCO, Nov. 3, 2021 /PRNewswire/ -- Prologis, Inc.,
(NYSE: PLD), the global leader in logistics real estate, has been
recognized by HRH The Prince of Wales for its enduring commitment
to building a sustainable future.
Launched today by The Prince of Wales' Sustainable Markets
Initiative (SMI), the Terra Carta Seal recognizes companies that
demonstrate market-changing innovation that will help "set our
planet on a fundamentally more sustainable trajectory." The award
is being given to just 45 companies in the world – companies that
have distinguished themselves as being leaders in sustainability
innovation.
Prologis has for decades demonstrated its commitment to
sustainable building practices and cutting-edge innovation and
technology. The world's largest builder and operator of logistics
real estate, the company has stated its goal of achieving green
certification for all new developments and redevelopments
globally.
"We're pleased to join His Royal Highness, The Prince of Wales,
and the Sustainable Markets Initiative's work to help shape a more
sustainable future for all," said Prologis co-founder and CEO
Hamid R. Moghadam. "This is
something we have long practiced at Prologis. It is simply doing
our part to create a better, cleaner world for this generation and
for generations to come."
The Prince of Wales said: "The Terra Carta Seal recognizes those
organizations which have made a serious commitment to a future that
is much more sustainable, and puts Nature, People and the Planet at
the heart of the economy. We all need to make changes if we are to
preserve the planet for our children and grandchildren and these
businesses have pledged to make it easier for us all to do so."
A leader in green building
As part of Prologis' efforts to reduce carbon emissions and meet
its science-based targets, the company has committed to achieving
100 percent carbon-neutral construction globally by 2025 and is
partnering with its customers to decarbonize their operations.
Additionally, the company is on track to reach its goal of 400
megawatts of solar capacity on its buildings by 2025. The company
is also an industry leader in issuing green bonds to fund
investments in sustainable buildings and renewable energy projects
across the globe.
Further, Prologis regularly conducts a comprehensive materiality
assessment to inform its understanding of the impact of its
operations on the environment, the economy and society. This
assessment engages a variety of stakeholders, including employees,
customers, nonprofit organizations and suppliers to capture a
spectrum of internal and external viewpoints.
Read more about Prologis' sustainability initiatives here.
About the Terra Carta Seal
The 2021 inaugural Terra Carta Seal recognizes global corporations
that are demonstrating their commitment to, and momentum towards,
the creation of genuinely sustainable markets. It is being awarded
to firms who have aligned themselves with the Terra Carta, who are
driving innovation and leadership within their industry and who
have credible transition roadmaps underpinned by globally
recognised, scientific metrics for achieving net zero by 2050 or
sooner. The SMI has partnered with Corporate Knights for this
initiative. Corporate Knights' Global 100 Most Sustainable
Corporations Companies were invited to apply for the inaugural
Terra Carta Seal together with active Task Force members of the SMI
as of 1 January 2021. The Terra Carta
Seal will be awarded annually to companies who are demonstrating
their commitment to, and momentum towards, the creation of
genuinely sustainable markets and care for Nature, People and
Planet.
About the Sustainable Markets Initiative (SMI)
His Royal Highness, The Prince of Wales, launched the Sustainable
Markets Initiative (SMI) at Davos
in January 2020. The SMI is a network
of global CEOs and private sector corporations working together to
build prosperous and sustainable economies that generate long-term
value through the balanced integration of natural, social,
human and financial capital. The SMI facilitates the development of
responsible transition pathways at industry and business levels to
decarbonize and achieve net-zero, create a nature-positive future
and support a trust transition towards a sustainable future. HRH is
appealing to public, private and philanthropic leaders around the
world to join this endeavor as part of the "Coalition of the
Willing". Read more: www.sustainable-markets.org
About the Terra Carta
Launched by His Royal Highness at the One Planet Summit in
January 2021, the Terra Carta
provides a practical roadmap for acceleration towards an ambitious
and sustainable future; one that will harness the power of Nature
combined with the transformative power, innovation and resources of
the private sector. The Terra Carta serves as the mandate for the
Sustainable Markets Initiative. Currently there are over 400 named
supporters of the Terra Carta – listed on the SMI website.
About Prologis
Prologis, Inc. is the global leader in logistics real estate with a
focus on high-barrier, high-growth markets. As of September
30, 2021, the company owned or had investments in, on a wholly
owned basis or through co-investment ventures, properties and
development projects expected to total approximately 994 million
square feet (92 million square meters) in 19 countries. Prologis
leases modern logistics facilities to a diverse base of
approximately 5,500 customers principally across two major
categories: business-to-business and retail/online fulfillment.
Forward-Looking Statements
The statements in this document that are not historical facts are
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These forward-looking
statements are based on current expectations, estimates and
projections about the industry and markets in which we operate as
well as management's beliefs and assumptions. Such statements
involve uncertainties that could significantly impact our financial
results. Words such as "expects," "anticipates," "intends,"
"plans," "believes," "seeks," and "estimates," including variations
of such words and similar expressions, are intended to identify
such forward-looking statements, which generally are not historical
in nature. All statements that address operating performance,
events or developments that we expect or anticipate will occur in
the future — including statements relating to rent and occupancy
growth, development activity, contribution and disposition
activity, general conditions in the geographic areas where we
operate, our debt, capital structure and financial position, our
ability to form new co-investment ventures and the availability of
capital in existing or new co-investment ventures — are
forward-looking statements. These statements are not guarantees of
future performance and involve certain risks, uncertainties and
assumptions that are difficult to predict. Although we believe the
expectations reflected in any forward-looking statements are based
on reasonable assumptions, we can give no assurance that our
expectations will be attained and, therefore, actual outcomes and
results may differ materially from what is expressed or forecasted
in such forward-looking statements. Some of the factors that may
affect outcomes and results include, but are not limited to: (i)
national, international, regional and local economic and political
climates; (ii) changes in global financial markets, interest rates
and foreign currency exchange rates; (iii) increased or
unanticipated competition for our properties; (iv) risks associated
with acquisitions, dispositions and development of properties; (v)
maintenance of real estate investment trust status, tax structuring
and changes in income tax laws and rates; (vi) availability of
financing and capital, the levels of debt that we maintain and our
credit ratings; (vii) risks related to our investments in our
co-investment ventures, including our ability to establish new
co-investment ventures; (viii) risks of doing business
internationally, including currency risks; (ix) environmental
uncertainties, including risks of natural disasters; (x) risks
related to the current coronavirus pandemic; and (xi) those
additional factors discussed in reports filed with the Securities
and Exchange Commission by us under the heading "Risk Factors." We
undertake no duty to update any forward-looking statements
appearing in this document except as may be required by law.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/prologis-awarded-inaugural-terra-carta-seal-by-hrh-the-prince-of-wales-301414865.html
SOURCE Prologis, Inc.