Prologis

ESG Goals

Ongoing Goal

• Achieve a sustainable certification for every eligible 4 new development and redevelopment

2025 Goals

• Achieve 100% carbon neutral construction.
• Install 1 gigawatt (GW) of solar capacity supported by storage (800 MW solar, 200 MW storage).
• Install 100% LED lighting in all warehouse and office space across our portfolio.
• Achieve two DEIB certifications: Management Leadership for Tomorrow’s “Black Equity at Work” and “Hispanic Equity at Work.”

2030 Goals

• Achieve net-zero emissions across operations and value chain from a 2019 baseline. This goal is aligned with the SBTi’s Net-Zero Standard.1

2040 Goals

• Achieve net-zero emissions across the value chain from a 2019 baseline. This goal is aligned with the SBTi’s Net-Zero Standard.1

• Reduced year-over-year Scope 1 and 2 emissions by 53% (64% from our 2019 baseline) and Scope 3 emissions by 6% (20% from our 2019 baseline).
• Offset 40% of estimated construction-related GHG emissions. 
• Surpassed 405 megawatts (MW) of installed solar energy capacity.
• Achieved, or in progress of achieving, sustainable building certifications for 100% of eligible projects.
• Achieved LED lighting across 71% of the warehouse and office space in our portfolio.
• Linked 10% of employee bonus scorecard to quantitative ESG metrics.
• Issued 27 green bonds worth $9.27B to help fund green building design and innovation since 2018.
• Invested over $180M in nearly 40 companies since 2016, including to support ESG-related solutions, through Prologis Ventures.
• Named a leading REIT in corporate governance for 20 consecutive years by Green Street.

2024

Powering America’s Commercial Transportation (PACT) — This new coalition will focus on education and advocacy to support the deployment of commercial zero-emission vehicle (ZEV) infrastructure in the U.S. for medium- and heavy-duty (M/HD) ZEVs. Established by Daimler Truck North America, Navistar, Inc., and Volvo Group North America (which represent 70% of new M/HD truck sales), the coalition is open to all stakeholders interested in accelerating the deployment of zero-emission commercial vehicles. CEF member Prologis is also a founding member. (Feb 2024)

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CORPORATE KNIGHTS — Released its 20th annual Global 100 List, ranking the world’s most sustainable companies along 25 indicators, out of 6,000 public companies with revenues of over $1 billion. In 2024, top-ranked firms allocated 55% of their investments to sustainable projects, up from 47% last year, and compared to just 17% of investments of publicly traded companies with more than $1 billion in revenue. The top ranked company was Sims Ltd, an Australian waste management company that moved up from #14 in 2023. CEF Members in the Global 100 include: Schneider Electric (#7), Trane Technologies (#23), Cisco (#64), HP Inc. (#67), Apple (#71), Unilever (#76), Hewlett Packard Enterprise (#81), and Prologis (#87). (Jan 2024)

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2023

Joined the CEF member network in August 2023!

2022

Announced its commitment to achieve net zero emissions across its value chain (Scopes 1-3) by 2040. The commitment—which contains interim targets to achieve a) 1 gigawatt of solar generation capacity, supported by storage, by 2025; b) carbon-neutral construction by 2025; and c) net zero for operations by 2030—has been submitted to the Science Based Targets initiative (SBTi) for validation. (June 2022)

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2021

“Retail Carbon Footprints: Measuring Impacts from Real Estate and Technology” (MIT and Prologis) finds that carbon emissions from online shopping are 36% lower on average than those produced by in-store trips. The report also found that a full standard delivery van can replace more than 100 individual car trips to a store, with fleet electrification increasing this advantage further. (January 2021)

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