Prologis Publishes Ninth Annual Sustainability Report
WARSAW (7 JULY 2016) - Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, today announced the release of its annual Sustainability Report.
The report documents the company's activities in the three dimensions of sustainability: environmental stewardship, social responsibility and corporate governance and ethics.
Highlights from the report include:
- The certification of 45 projects totaling 1.39 million square metres (15 million square feet) of sustainable buildings in 2015, bringing the company's total sustainable building certifications to 6.31 million square metres (68 million square feet) across 173 projects in 15 countries.
- Solar installations in our footprint increased by 30 megawatts (MW) to 149 MW in nine countries.
- 73 percent of our operating portfolio now has efficient lighting, up from 68 percent in 2014.
- $1.5 million donated by Prologis and the Prologis Foundation to local nonprofits.
- More than 9,900 employee volunteer hours contributed, including those during IMPACT Day, Prologis' global day of service, to more than 60 nonprofit organizations in the areas of education, human welfare and the environment.
- 105 months of rent-free distribution center space donated to 18 nonprofits through Prologis’ Space for Good program.
Corporate Governance and Ethics
- REIT industry’s corporate governance leader for the thirteenth year in a row, according to Green Street Advisors.
“As I look back on this past year, I am proud of our sustainability accomplishments and inspired by my fellow employees,” said Jeannie Renne-Malone, vice president, Sustainability. “Their efforts to minimize our environmental impacts, engage with our communities, and act with uncompromising integrity are the lifeblood of our sustainability program. Together, we will work diligently so that Prologis is resilient in the face of complex and interrelated global challenges and to ensure that our sustainability program will leave a lasting positive impact for generations to come.”
The report, which has been externally assured, follows the Global Reporting Initiative (GRI) framework. It was developed in accordance with the GRI G4 Sustainability Reporting Guidelines and the Construction and Real Estate Sector Supplement (CRESS) in accordance with the Core option.
The complete report is available online at http://www.prologis.com/docs/Prologis%202015%20Sustainability%20Report.pdf.
Prologis, Inc. is the global leader in industrial real estate. As of September 30, 2015, Prologis owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 670 million square feet (62 million square meters) in 21 countries. The company leases modern distribution facilities to more than 5,200 customers, including third-party logistics providers, transportation companies, retailers and manufacturers.
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 Prologis operates, management’s beliefs and assumptions made by management. Such statements involve uncertainties that could significantly impact Prologis’ financial results. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” 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 and changes in sales or contribution volume of properties, disposition activity, general conditions in the geographic areas where we operate, our debt 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 climates, (ii) changes in 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 (“REIT”) status and tax structuring, (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 and funds, including our ability to establish new co-investment ventures and funds, (viii) risks of doing business internationally, including currency risks, (ix) environmental uncertainties, including risks of natural disasters, and (x) those additional factors discussed in reports filed with the Securities and Exchange Commission by Prologis under the heading “Risk Factors.” Prologis undertakes no duty to update any forward-looking statements appearing in this document.
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