SAN FRANCISCO, June 3, 2021 /PRNewswire/ -- Prologis, Inc.
(NYSE: PLD), the global leader in logistics real estate, today
released its 2020 Sustainability Report.
"Despite the unprecedented events of the past year, we remained
steadfast in our commitments to meet and exceed our customers'
evolving business and sustainability priorities and provide
meaningful support to our colleagues and communities around the
world," said Prologis chairman and CEO Hamid R. Moghadam. "We embrace the
responsibilities and opportunities that arise from our scale and
will continue to deploy our capabilities and resources to advance
our ESG leadership."
Prologis' ESG program embodies the Prologis 3Cs, the company's
strategic framework for driving success and innovation across the
organization: Customer Centricity; Change Through Innovation and
Operational Excellence; and Culture and Talent.
Key highlights:
- 100 percent of new development and redevelopment projects
globally will be constructed in line with sustainable building
certifications.
- Installation of 108 million square feet of LED lighting, more
than any prior year; company is on track to equip all properties
with LED lighting by 2025.
- Installation of 40 megawatts of additional rooftop solar
capacity and the debut of SolarSmart as part of Prologis
Essentials, which gives customers access to onsite renewable energy
options.
- Launch of digital training platform for the Community Workforce
Initiative (CWI) and a certificate program with the Association of
Supply Chain Management.
- $5 million for a global COVID-19
relief fund and $1 million to
charities fighting racial injustice.
- $10.2 million of in-kind rent to
charitable organizations, including those on the frontlines of the
pandemic, through Prologis' Space for Good program.
"Our board and ESG team are actively engaged in the oversight of
our programs and strengthening our ESG practices to support
responsible growth. Our ESG approach is integrated into the DNA of
the company and helps to define how we pursue growing business
opportunities and manage risk," said Prologis chief legal officer
and general counsel Edward S.
Nekritz.
Visit Prologis' ESG website: http://prolo.gs/esg2020 to
view and download the report. The report has been externally
assured and follows Global Reporting Initiative (GRI)
Standards.
ABOUT PROLOGIS
Prologis, Inc. is the global leader in
logistics real estate with a focus on high-barrier, high-growth
markets. As of March 31, 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 990 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.
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SOURCE Prologis, Inc.