SAN FRANCISCO, Jan. 4, 2022 /PRNewswire/ -- Prologis, Inc.
(NYSE: PLD), the global leader in logistics real estate, has
appointed sustainability expert Susan
Uthayakumar to the new role of chief sustainability and
energy officer. Uthayakumar will lead the company's
customer-focused sustainability and energy solutions
business.
"Susan's proven leadership and experience will be critical to
our ongoing innovation and progress on our long-term sustainability
goals – and those of our customers," said Prologis Chief Operating
Officer Gary E. Anderson.
Uthayakumar and her team will evaluate and scale both existing
and emerging energy solutions across the Prologis platform. She
will also partner with the company's environmental stewardship,
social responsibility and governance (ESG) team on strategy,
progress, stakeholder engagement and related initiatives.
"Customers today are looking for a partner who can help them
achieve their sustainability goals in innovative new ways while
running their businesses as effectively as possible," said
Uthayakumar. "That will be my focus at Prologis."
Prior to joining Prologis, Uthayakumar was president of
Schneider Electric's Sustainability Business Division. During her
16-year tenure with the company, she was instrumental in
transforming Schneider Electric to a digital power and automation
technology company by driving sustainability, efficiency and
resiliency. Before that, she was CEO of Schneider Canada. Uthayakumar recently was
recognized as a 2021 Environment+Energy Leader 100 Honoree for
successfully delivering climate mitigation action to enterprise
customers.
Prologis has for decades demonstrated its commitment to
sustainable building practices and cutting-edge innovation and
technology. As part of the company's 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, Prologis is on track to
reach its goal of 400 megawatts of solar capacity on its buildings
by 2025.
Read more about Prologis' sustainability initiatives
here.
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.
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SOURCE Prologis, Inc.