SAN FRANCISCO, July 6, 2016 /PRNewswire/ -- 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:
Environmental Stewardship
- The certification of 45 projects totaling 15 million square
feet of sustainable buildings in 2015, bringing the company's total
sustainable building certifications to 68 million square feet
across 173 projects in 15 countries.
- Solar installations in the company's footprint
increased by 30 megawatts (MW) to 149 MW in nine countries.
- 73 percent of the company's operating portfolio now
has efficient lighting, up from 68 percent in 2014.
Social Responsibility
- $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 Prologis
Sustainability.
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, 2016, 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 667 million square feet (62 million square meters) in
20 countries. Prologis leases modern distribution facilities to a
diverse base of approximately 5,200 customers 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," "estimates" and 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, 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 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 status,
tax structuring and income tax 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 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 us under the heading "Risk Factors." We
undertake no duty to update any forward-looking statements
appearing in this document.
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SOURCE Prologis, Inc.